Coinbase Cloud recently announced enabling APT delegation for the community. Now, token holders can earn rewards for securing Aptos on the Coinbase Cloud community validator.
The platform released a string of tweets on its official X/Twitter account to share the information. The tweets stated that Coinbase Cloud is closely working with protocol teams to optimize its performance throughout the validation process.
That is why the team is delighted to continue supporting every new feature developed on Aptos. The Layer 1 blockchain is designed to focus on user experience and security. Its engineering innovation in consensus and execution ensures a secure and verifiable fast network.
At the same time, Aptos charges gas fees at a fraction of a cent. Besides securing the network, delegators will also be voting on network decisions. They will also foster governance participation and inclusivity.
The Coinbase Cloud team is delighted to work with Aptos to innovate and create a secure, efficient, and dast Web3 experience. With Coinbase Cloud, users can experience enterprise-level security with 99% uptime guaranteed.
Users can delegate their tokens to a specific delegation pool as APT holders. Since Aptos is a PoS (proof of stake) network, Aptos requires validators to stake tokens to secure the network.
After delegating stakes in Aptos, users can maintain control and ownership of the APT tokens. It allows them to earn APT rewards on the staked amount. These rewards are automatically restaked, resulting in the rewards being auto-compounded.
Coinbase also released an official post on its website to help users understand how delegation works on the Coinbase Cloud. It explained the minimum staking amount, minimum staking period, commission, unbonding period, slashing, and more. The Coinbase community seems thrilled about the collaboration and expects it to be a massive hit.