3 min read

Stake AVAX and Earn Rewards with Luganodes — Nodes Live!

Officially Validating on Avalanche

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Published on

19 Apr, 2022

1_suP9_8fWaMIwq0VQJsHsIw.webp We are pumped to announce Luganodes as one of the validators of Avalanche nodes. The partnership will certainly boost the development of Web3 and enrich the AVAX ecosystem as it is our motto to enable token holders to stake and grow in a safe, secure, and compliant manner.

As of today, users can stake their AVAX tokens with Luganodes to earn ~7.95% APY on their assets. We are a non-custodial staking service provider so your funds always remain yours. For enterprise clients, get in touch with us for more information. While for individual investors, head over to our easy-to-follow staking guide. Your support is the important motivation for Luganodes to keep moving forward.

Avalanche is an open-sourced and smart contracts compatible platform created to develop decentralized applications (dApps) and enterprise blockchain protocols. It aims to address the blockchain trilemma of scalability, security and decentralisation thanks to its unique proof of stake (PoS) mechanism.

Since Avalanche’s smart contracts are written in the Solidity language, it supports the entire toolkit used on the Ethereum network. Avalanche allows users and enterprises to build their own financial assets and DeFi applications for different use cases, as well as public and private blockchain networks.

AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network.

There are multiple sources of demand for AVAX:

  • Payments: AVAX can transfer value at speed and at scale using the permissionless Avalanche network.
  • Staking: users can set up a validator or delegate their tokens to stake and earn AVAX tokens as passive income.
  • Utility: Avalanche is a platform for open finance (DeFi, NFTs, stablecoins, etc.), the creation of digital assets and sub-networks requires AVAX tokens.

Staking is serious. Delegators need a reliable partner to ensure stable rewards and protection against penalties. Since we started our operations back in 2022, Luganodes has grown to become one of the top 5 staking service providers and is proudly rated as AAA(highest- possible) on Staking Rewards. We are trusted by industry leaders like Bitfinex, Polygon, Tron, etc. Users can be assured that your AVAX tokens are safe with us and staking rewards will roll in securely, following local regulatory compliance measures.

Apart from being non-custodial, meaning your funds are always yours and can safely be withdrawn after the unbonding period, Luganodes servers are globally distributed ensuring very high and stable uptime. We maintain the highest level security across global Tier IV data centres.

We offer a robust and always-on blockchain infrastructure with close to 100% uptime with appropriate failover practices adopted to ensure nodes are always running smoothly. Besides, Luganodes offers a dedicated DevOps team to monitor node infrastructure and react to any issues quickly.

If you hold the AVAX token, you can enhance your portfolio by staking to earn rewards. Leverage Luganodes' institutional-grade infrastructure to stake your holdings and create a passive income. Staking with us ensures ease of use, support, and safety while you earn, and also contribute to the security of the Avalanche chain.

Learn how to stake AVAX tokens using this guide. You can learn more about staking on our website, and feel free to contact us for any queries!

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 40+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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