New Staking Assets Now Available on Ndax: AVNT and TAO

We’re excited to announce the launch of staking for two innovative digital assets: Avantis (AVNT) and Bittensor (TAO), now available on Ndax! With these latest additions, Canadians now have access to 15 stakable assets, continuing to expand Canada’s largest homegrown staking suite.

These new options unlock even more opportunities to earn daily staking rewards, while gaining exposure to blockchain and AI ecosystems.

At Ndax, we remain committed to growing a secure, diverse staking platform built specifically for Canadians. Please review our disclaimer at the bottom of the page for important information regarding the risks associated with staking. Whether you’re exploring emerging DeFi protocols or Whether you’re exploring emerging DeFi protocols or allocating assets toward decentralized intelligence initiatives, these new staking options may be worth exploring.

Let’s dive into what AVNT and TAO bring to the Ndax staking lineup. 

Avantis (AVNT) is a decentralized trading protocol focused on enabling derivatives and leveraged trading directly on-chain. The protocol is designed with an emphasis on transparency, composability, and capital efficiency, allowing participants to interact with advanced financial mechanisms without relying on centralized intermediaries.

The Avantis ecosystem is structured to reward long-term participation and protocol growth. Its native token, AVNT, plays a central role in governance, incentives, and ecosystem alignment. By staking AVNT on Ndax, users can participate in securing and supporting the protocol while earning staking rewards of up to 10% APY.

Staking AVNT allows users to participate in the protocol’s staking mechanism through Ndax’s custodial staking service. 

Bittensor (TAO) is a decentralized network designed to facilitate collaboration and competition among machine learning models. The protocol enables participants to contribute computational intelligence and validate outputs within an open marketplace.

Within the Bittensor ecosystem, participants contribute computational intelligence, validate outputs, and are rewarded based on the value they provide to the network. TAO acts as both the incentive and governance token, aligning contributors toward building a scalable, open-source AI economy.

Staking TAO on Ndax allows participation in the network’s staking mechanism through Ndax’s custodial staking service, while earning staking rewards of up to 4% APY. 

1. Earn Rewards in Just a Few Clicks 
   Staking on Ndax offers a straightforward way to grow your crypto holdings. With just a few clicks, you can participate in supported networks and earn rewards, no complex setup required.
2. Support the Ecosystem 
   By staking your assets, you play a vital role in enhancing the security and stability of various blockchains.
3. Experience Seamless Security 
   Transparency is key on Ndax. With our robust security measures, your assets are always protected. 

Below is a quick summary of key staking details for AVNT and TAO on Ndax. This overview makes it easy to compare reward rates, bonding periods, and payout frequency. 

Bonding refers to the time required before staking rewards may begin. Unbonding refers to the waiting period before assets become withdrawable after unstaking. Reward rates are not guaranteed and may change. 

With AVNT and TAO now supported for staking, Ndax continues to expand access to staking services across a range of blockchain networks. These assets join an existing lineup of supported staking options available to Canadian users.

Learn more about staking on Ndax and review available assets to understand how staking works and the associated risks.

Disclaimer: Staking cryptocurrencies involves risks, including price volatility, potential loss of principal, lock-up periods limiting access to funds, slashing due to validator penalties, and platform or smart contract vulnerabilities. Rewards are not guaranteed and may fluctuate. Only stake what you can afford to lose. Always do your own research.