Stake AVAX and Earn Rewards with Luganodes — Nodes Live!

Luganodes
Luganodes
Published in
3 min readApr 20, 2023

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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.

What is the Avalanche Network?

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.

What is AVAX?

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.

Grow Your AVAX with Luganodes — AAA Rated Staking Provider

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.

Expect more partnership announcements from Luganodes!

Thank you for considering Luganodes as your official staking provider for Avalanche. We look forward to working with you to support the continued growth and decentralisation of the Avalanche network.

Enterprise clients: contact us for more information
Individual investors: Head over to our
staking guides

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Luganodes
Luganodes

The fastest growing staking prodigy of Lugano Plan B, an initiative driven by the city of Lugano and Tether.