Top 4 High Staking Yields (APY) Cryptos For Maximum Earnings

All financial activity, including crypto involves traders looking for high-yielding assets. In crypto, there are certain digital assets which provide high staking yields (APY), making traders earn high rewards when they stake these coins.

Let's check out some of those high-staking yields cryptos, but first we must understand how staking yields are calculated.

How staking yields are calculated?

Crypto staking yields are calculated using certain key steps that traders must understand to accurately predict their returns.

The key yardstick here is the annual percentage yield (APY) of the staking protocol. Furthermore, other parameters like the timeframe of staking and the fees and penalties for early withdrawals, inactivity, or slashing also influences the earnings.

Lastly, the crypto market volatility must be considered while staking, as the rewards differ when the staked assets value fluctuate. The yield value in fiat currency, such as USD, will be different at every staking period.

Also, it should be noted that the fiat value of the crypto rewards from staking decreases in times of high inflation as the purchasing power of the currency declines.

Now, that you know how they are calculated, let's look at the top 4 high yields cryptos.

Injective Protocol (INJ)

The interoperable smart contract platform, Injective Protocol, built using the Cosmos SDK, is optimized for fast transactions at low transaction costs. The INJ has block times of a fraction of a second.

This financial activities-optimised blockchain supports cross-chain trading by letting users trade assets across Ethereum, Cosmos, and other blockchains.

Injective Protocol has the following credentials:

Reward rate - 19.5% Inflation rate - 12.43% Real reward rate - 6.28%

This cryptocurrency can be staked in the following places:

• Trust Wallet — The multichain web3 wallet comes loaded with features like in-app staking, a browser, and payment providers for crypto purchasing. Most crypto activity happens on the app and Users rarely leave the app.

• Injective Hub —It’s a proprietary website where INJ can be staked directly and often used by those with limited staking options.

• Keplr wallet—This browser extension mobile wallet is for those who do staking on the go.

Polkadot (DOT)

The Polkadot blockchain protocol was built for smooth transfer of messages and value across blockchains while users pooled their security.

Founded by Ethereum's cofounder Dr. Gavin Wood Polkadot’s emphasis on interoperability makes it stand out as it lets various blockchains, called parachains, connect with each other.

This token has the following credentials

Reward rate - 11.43% Inflation rate - 8.83% Real reward rate - 2.38%

Traders can stake DOT at

• Binance — Crypto Exchange Binance satisfies all kinds of cryptocurrency users and it’s a good avenue to stake DOT while enjoying many other crypto activities.

• Coinbase — Another crypto exchange Coinbase lets users stake DOT and here you can forego the burdens of staking themselves and let Coinbase do all the heavy lifting.

• Kraken — Kraken is also a good option for DOT staking, as it is extremely compliant to regulations in the jurisdictions that it operates in.

Casper Network (CSPR)

This enterprise-grade blockchain solutions provider seeks to address key challenges of blockchains and accelerate its adoption across industries.

Casper Network aims to make blockchain technology more applicable and accessible to businesses with features like predictable gas fees, and upgradable smart contracts which are crucial for staking.

This cryptocurrency has the following credentials:

Reward rate - 12.65% Inflation rate - 8% Real reward rate - 4.31%

Crypto users can stake CSPR in either of the following two places: • Uphold — This CNET founder started is the ideal platform for CSPR staking as it is regulated in the U.S.

• Casper website — CSPR can be directly staked on this proprietary website, specially for those who do not require other services offered by CEXs.

Polygon (MATIC)

This multi-chain Ethereum scaling solution addresses key limitations of the network and is fully compatible with the ETH blockchain.

Polygon extends into the multi-chain system of Ethereum and allows ETH projects to migrate to Polygon for better performance while they are connected to the mainchain.

It has the following credentials:

Reward rate - 6.04% Inflation rate - 2.31% Real reward rate - 3.65%

This high-staking yield coin can be staked in the following places:

• Coinbase — Coinbase is one of the safest exchanges in the market to stake MATIC specially for those worried about staking in DeFi.

• Lido Finance — Lido is gaining market share in the realm of liquid staking derivatives. Staking with Lido puts the idle stake to work even more.

• OKX — OKX is a global exchange that caters to a diverse user set and is an ideal ground for those with limited staking options.

• Kraken — It is a great option for users that want to stake, especially without the required technical know how.

It’s crucial to choose the correct digital asset and understand the staking mechanism of the protocols to maximise on the rewards. Experts advise to compound the rewards by reinvesting. Traders can also join staking pools to reduce the technical barriers of staking and maximise earnings.