Loom Network (LOOM) Staking - All information about Loom Network staking - DropsEarn
Loom Network

Loom Network LOOM

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Reward

17.00%

Compound Reward

18.53%

Inflation

0.00%

Price

$0.1013

Adjusted Reward

2.00%

Adjusted Compound Reward

3.53%

Total Staked

27.24%

Lock-Up Period

-

Market Cap

$123,730,423

How To Stake LOOM

Loom Network’s Basechain is an interoperable blockchain hub that is live in production, EVM-compatible, audited, battle-tested, and secured by 21+ validators and thousands of individual token delegators. It is optimized for scaling dapps of all shapes and sizes, and enables secure asset transfers between chains. 

 

Basechain already has secure bridges to the major blockchains, Ethereum, Binance Chain, and Tron — with Bitcoin, Cosmos, and more in the works.

 

Basechain uses a Delegated Proof of Stake (DPoS) consensus mechanism, and there are a number of high-performance validator nodes that help secure the network. The users of the network help choose the validators they want to run the network. They do this by “staking” or “delegating” their LOOM tokens to validators  —  giving validators their support by proxying their tokens to them.

 

Any LOOM token holder can choose which Basechain validators they wish to support. Read Staking Guide below for step-by-step instructions on how to stake your LOOM.

Tutorials

Staking LOOM Guide


Validator & Staking Economics

About

Loom Network is a production-ready, multichain interop platform for serious dapp developers. We provide the tools and knowledge developers need to launch high-performance dapps that require a fast and seamless UX across multiple chains.

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