3 Best Projects for Staking: Gorilix (SILVA), Tezos (XTZ) & Polygon (MATIC)

For Investors in the cryptocurrency market right now who want to get a little more bang for their buck, this is the perfect time for you to get involved in staking. Staking cryptocurrency is a great way for you to have your cryptocurrency work for you with minimal risks and huge rewards. What are the best platforms to use to make money now in staking? The three platforms you should focus on right now are Gorilix (SILVA), Tezos (XTZ) & Polygon (MATIC).

What are the benefits of staking cryptocurrency?

Before you start staking cryptocurrency, you must make sure that your cryptocurrency offers to stake and that your crypto validates transactions with proof-of-stake. The great news is that with Gorilix, Tezos, and Polygon these three platforms make it easy for you to start staking your tokens without any hassle.

Staking is a process that involves placing cryptocurrencies into a digital wallet and keeping them there for an extended period of time to support validating transactions for proof of stake (PoS) blockchains. By participating in transaction validation, participants earn extra cryptocurrency. In essence, it is like having an interest-earning account for your cryptocurrency.

Staking is a great way for you to make passive income and gain more cryptocurrency. The main component to remember when staking your cryptocurrency is that the more tokens you pledge, the more likely you are to be chosen as a validator. The other benefits are that you don't need any equipment for staking, it's more eco-friendly than crypto mining, and you're contributing to maintaining the security and efficiency of the blockchain.

Let's take a closer look at these three platforms and how they can make you money through staking.

Gorilix (SILVA)

Gorilix (SILVA) is an Ethereum-based ERC-20 token that enables community governance of the Gorilix Defi protocol. Gorilix Defi was created with the aim to make finance simple, customers will be able to lend, borrow, save and stake their crypto with ease.

The SILVA token holders and their delegates can also debate, propose, and vote on changes to the protocol. Gorilix is a unique proposition in the sense that not only does it allow you to stake your SILVA tokens it offers you the opportunity to stake all ERC20 compatible tokens into the ecosystem and get high returns on your investment paid out to your SILVA wallet. As a platform that offers several services to the users, you are encouraged to stake your SILVA for more rewards and exclusive access to various programs.

SILVA tokens are now available exclusively through the Gorilix (SILVA) presale at Gorilix.io. For anyone who wishes to stake with Gorilix, we recommend getting involved in the presale early to get the SILVA tokens at the cheapest possible price allowing you to get more tokens and reap the benefits of the growth throughout its presale.

Purchase, lend, and/or stake SILVA at Gorilix.io

Tezos (XTZ)

Tezos is well-known for using a liquid-proof of stake (LPoS) model that features optional delegation. Tezos uses the XTZ cryptocurrency, which is created by a process known as "baking". If you become a "baker" with Tezos, you'll receive rewards when you stake your XTZ tokens. You can start staking their tokens today with Tezos even if you only have one XTZ in your wallet. Your initial reward payments will be credited to you after a period of roughly 7 weeks, but subsequent payments are awarded every three days. Tezos rewards are quite consistent, by staking your XTZ tokens you can expect an average annual return of over 6.75%.

Polygon (MATIC)

Polygon is a platform created to scale Ethereum and aid its infrastructure development. The purpose of Polygon is to ensure compatibility by connecting every Ethereum-based DApp (decentralized application). Polygon is among the best staking coins to select from, it is able to validate up to 65,000 transactions per second (TPS), which allows Ethereum networks to complete transactions efficiently.

With Polygon delegators are only required to stake a single MATIC coin before they can take part in the network while staking itself requires at least two coins. You can begin staking by connecting your MetaMask wallet to your Polygon wallet. The expected annual staking reward for Polygon depends on how many coins you stake with a greater reward offered if you chose to stake more coins for a longer period of time. The maximum APY for staking MATIC is just over 14%.

Staking is a mutually beneficial relationship that benefits you and the cryptocurrency platforms. Gorilix, Tezos, and Polygon need investors to stake their tokens to verify transactions and keep the system running smoothly. In return, you are supporting the blockchain of the cryptocurrency that you are invested in and earning significant interest on their holdings and platforms when you do so

For more information on the Gorilix project visit: Gorilix.io

To join the community and social media channels visit: linktr.ee/gorilix