In this article, I’m going to talk about staking in Martian Wallet. This feature is in the wallet interface. You can click on the STAKE tab and send your APT to staking (currently at 7% APR).
This feature is supported by the decentralized protocol Tortuga. This protocol selects the best validators with years of experience with Proof of Stake blockchains and transfers your APT to the stake. In return, you get their tAPT token, which can be used in the Aptos ecosystem, in all protocols that work with it.
For example, tAPT you can trade on Hippo (a trading aggregator that allows users to find the best trading rates on multiple DEXs in the Aptos ecosystem).
Also tAPT you can borrow, lend and trade with leverage at Aries Markets.
All the protocols where you can interact with your tAPTs can be found on the Tortuga website. With their help you can build different strategies. For example, when the APT price falls, exchange your tAPTs for USDC. Also, keep in mind that this is DeFi and sometimes there are surprises in the form of hacks or you may not understand something or do not study well. So do your research.
You can also return your APT from staking. Find the Tortuga link in your wallet. Always do this, then you will definitely get to the real site. Click as in the screenshot below. You can get your APT back in a month.
