Understanding Entrusted Pledge Function in Aptos: A Comprehensive Guide
According to reports, Aptos official Twitter has announced the launch of the entrusted pledge function, where users can now entrust their mortgage rights to trusted network validat
According to reports, Aptos official Twitter has announced the launch of the entrusted pledge function, where users can now entrust their mortgage rights to trusted network validators and receive rewards as individuals. Multiple wallets can mortgage APT on a trusted verification node. Users can entrust their mortgage rights and participate in the mortgage at a price as low as 11APT (2/8).
Aptos officially announced the launch of entrusted pledge function
Are you looking for a reliable mortgage platform that can help you earn rewards while entrusting your mortgage rights to trusted validators? Look no further than Aptos. The platform’s official Twitter recently announced the launch of the entrusted pledge function, which allows users to entrust their mortgage rights on trusted verification nodes and receive rewards as individuals. Let’s understand this function more closely.
What is Aptos’ Entrusted Pledge Function?
Aptos’ entrusted pledge function is a way for users to put their mortgage rights on trusted verification nodes and earn rewards. Multiple wallets can mortgage APT on a trusted verification node, with a minimum price of 11 APT. This function refers to the practice of entrusting mortgage rights to selected network validators who verify transactions based on predetermined criteria.
How Does the Entrusted Pledge Function Benefit Users?
The entrusted pledge function creates new opportunities for users to leverage their digital assets and earn rewards while participating in the mortgage process. By entrusting mortgage rights to trusted network validators, users can earn APT tokens in return. This benefits users by allowing them to monetize their APT holdings and also participate in mortgage approvals.
What Are the Steps to Use Aptos’ Entrusted Pledge Function?
Using Aptos’ entrusted pledge function is easy and intuitive. Here are the simple steps to follow:
1. First, visit Aptos’ official website and create an account.
2. Navigate to the entrusted pledge function on the platform.
3. Select the mortgage rights you want to entrust to a trusted network validator.
4. Choose the preferred network validator.
5. Submit the mortgage transaction, which will be verified by the selected network validator.
6. Once the mortgage transaction is approved, you will receive APT tokens as a reward.
How Does the Entrusted Pledge Function Ensure Security?
Aptos’ entrusted pledge function uses a trusted system based on predetermined criteria, which ensures the security and transparency of the mortgage process. This system is designed to prevent fraud or malicious activities during the mortgage process, making sure all transactions are legitimate and authentic.
What Are the Benefits of Entrusting Mortgage Rights to Trusted Validators?
There are numerous benefits of entrusting mortgage rights to trusted validators. Some of the advantages include:
1. Greater transparency and security during the mortgage process.
2. The opportunity to monetize digital assets by earning rewards.
3. Participating in the mortgage process and earning rewards without any additional complexity or complication.
In Conclusion
Aptos’ entrusted pledge function has created new opportunities for users to participate in the mortgage process while earning rewards. By entrusting mortgage rights to trusted validators, users can monetize their digital assets while contributing to the security and transparency of the mortgage process.
FAQs
1. Is it safe to entrust mortgage rights to Aptos’ designated validators?
Yes, Aptos’ system is designed to prevent fraud or malicious activities during the mortgage process, making sure all transactions are legitimate and authentic.
2. Can I participate in the mortgage process without entrusting my mortgage rights to trusted validators?
Yes, you can participate in the mortgage process without entrusting your mortgage rights to trusted validators. However, entrusting your mortgage rights offers additional rewards and benefits.
3. Are there any restrictions for participating in the mortgage process?
Yes, you need to have a minimum of 11 APT tokens to participate in the mortgage process through Aptos’ entrusted pledge function.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/17404/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
FTX Turkey Removed from FTX Bankruptcy Case
It is reported that the judge of the Delaware Bankruptcy Court approved the removal of its Türkiye subsidiary FTX Turkey from the FTX bankruptcy case. After FT…
-
Are Cryptocurrency Companies Safe? – Understanding the SEC’s Investor Alert
According to reports, the US Securities and Exchange Commission issued an investor alert urging caution in encrypting asset securities. The SEC stated that crypto companies that pr
-
China Film Archive to Establish South Branch in Xiamen
It is reported that the China Film Archive plans to set up the South Branch of the China Film Archive in Xiamen. The branch will carry out film production, exp…
-
Candy Digital Unaffected by Fanatics’ Divestment and Launches 2023 MLB Showstopper ICON
According to reports, Candy Digital, a sports NFT company, has not been affected by Fantics\’ divestment to launch a new MLB NFT. It is reported that Major League Baseball will join
-
A certain DOGE giant whale has been hoarding 1.86 billion coins since June last year, with a surplus of $44.63 million
According to reports, JieData monitoring data shows that the 13th largest holding location of DOGE has been hoarding coins since the low point of DOGE prices in June 2022. Among th
-
Ethereum: Second Largest Cryptocurrency and a Commodity, According to CFTC Chairman
It is reported that Rostin Behnam, chairman of the United States Commodity Futures Trading Commission (CFTC), said that Ethereum is the second largest cryptocu…
-
The Future of Cryptocurrency: Learning from Mistakes of the Past
On March 18th, Zhu Su, co founder of Sanjian Capital, stated on social media that most of the recent mistakes in the cryptocurrency industry are due to the introduction of tradfi ideas, such as “shadow banking” and “process internalization”. The next round of cryptocurrency bull market will be driven by people who are aware of these issues. The underlying cryptocurrency infrastructure itself is a new paradigm. Zhu Su: Most of the mistakes in the encryption industry are due to the introduction of traditional concepts such as “shadow banking” Analysis based on this information:In recent years, the cryptocurrency industry has witnessed significant growth, but it hasn’t been without mistakes. Cryptocurrencies initially attracted attention for their decentralized nature and anonymity, allowing users to send and receive funds without the need for intermediaries. However, with rapid growth came the influx of traditional finance (tradfi) ideas, leading to severe mistakes in the industry. Zhu Su, co-founder of Sanjian Capital, recently took to social media…
-
The average clearing volume of short positions in BTC futures contracts on Binance has reached a 1-month high
According to reports, data shows that the average clearing volume of short positions in BTC futures contracts on Binance has reached a 1-month high.
The average clearing volume of -
Bounce decentralizes auction platform with ERC1155
On March 15th, the decentralized auction platform Bounce announced that it would introduce ERC1155 to provide the fixed price auction function of NFT. This new function will be provided in the NFT auction pool section of Bounce V3. The ERC1155 NFT can represent multiple tokens in a single smart contract, making it more flexible and cost-effective in terms of gas fees. With Bounce’s fixed price auction function, buyers and sellers can reach an agreement on the fixed price of the auctioned NFT. During the auction process, participants can bid or withdraw their bids at any time. Currently, the development of this feature has undergone final testing and is currently resolving errors. The decentralized auction platform Bounce will introduce ERC1155 to provide NFT fixed price auction functionality Analysis based on this information:Bounce, a decentralized auction platform, has announced that it will introduce ERC1155 to provide a fixed price auction function for NFTs. The new function will be made available in the…
-
Bitcoin Price Prediction 2023: Will BTC reach $50,000?
According to reports, according to popular market analyst Mags\’ emphasis on historical price fractal, Bitcoin may rebound to $50000 in 2023. The price of BTC broke through the $160
-
Whale Alert Reports a Transfer of USDT from Tether Treasury to Currency Security
According to reports, Whale Alert monitoring data shows that at 21:20:35 Beijing time, 67988011 USDTs were sent from the Tether treasury to the currency security. Data: About 68 million USDTs transferred from Tether Treasury to Coin An Analysis based on this information:Whale Alert, a popular cryptocurrency monitoring service, has published a report about a transfer of USDT (Tether’s stablecoin) from the Tether treasury to an unknown wallet belonging to Currency Security. The transaction occurred on September 7, 2021, at 21:20:35 Beijing time, and involved a total of 67,988,011 USDTs, which is worth around $67 million. The transfer of such a large amount of USDTs from Tether treasury to Currency Security has raised several questions in the cryptocurrency community. While Tether has not provided any official explanation for this transaction, some analysts believe that Currency Security is likely a cryptocurrency exchange that has partnered with Tether to provide liquidity for USDT trading pairs. For those who are not familiar with the…
-
Folkvang’s Struggle After FTX’s Collapse
According to the news on February 24, Mike van Rossum, founder of the cryptocurrency market maker Folkvang, said in response to \”the current situation of the c…
-
National Cyberspace Administration: Before providing services for generative artificial intelligence products, a security assessment must be applied for
According to reports, the National Internet Information Office has issued a notice on soliciting public opinions on the \”Management Measures for Generative Artificial Intelligence
-
Can Bitcoin Really Save Us?
On March 21st, Sean Lennon, the son of Beatles legend John Lennon, wrote that only Bitcoin can save us now. This view is in response to a post comparing the US dollar to an old sys
-
Huobi Announces Support for ROCK DAO, Replacing pGALA on its Site
According to the official announcement of Huobi, Huobi supports replacing the pGALA on the site with Rock DAO, and will launch the online ROCK for the first time on the entire netw
-
Cryptocurrency Trade Association Urges Rejection of SEC Insider Trading Case
It is reported that an American trade association representing cryptocurrency companies called for the rejection of the insider trading case filed by the Unite…