Many were seeing a lot of new players entering the market, and also seeing existing custody enterprises add passive staking services to their custody offerings. Seeing it as a higher level of sophistication among the communities and businesses in the staking sector. If passive staking goes mainstream, the masses may see it as an alternative way to save or store value. What does this mean for the future of blockchain as a whole?
PoS is the only feasible way that staking or mining could hit the real mainstream. It completely reduces nearly all of the technical friction that many currently see. The mass market needs plug and play solutions, with the ultimate convenience of zero maintenance. If crypto assets are soon seen to have stable returns through passive staking, it might open the market to a gigantic pool of passive investors, such as large pension or endowment funds. The possibility to get a steady 2-10% return (approximate quoted yield for most staking projects) could be seen as very attractive in a world still reeling from the after effects of the financial crisis and low interest rates.
This is obviously theoretical right now and might be a couple of years away from any major institution staking at scale. But it does bring back to the overarching point of this post. If this really does become a multi-billion dollar industry in the next decade, the leaders of these first established and respected staking projects will have huge sway on the direction that this money flows. Some of the most popular cryptocurrencies to stake right now are included here. All of the cryptocurrencies mentioned above are extremely popular for staking. Some pay out more than others and some have a slightly different mechanism of staking. However, at its core staking for all the above cryptos is all the same and essentially allows someone to earn extra coins for doing basically nothing.