"IO.net Unveils Co-Staking: Stake Without Hardware, Boost Network Power"

Generated by AI AgentCoin World
Thursday, Feb 20, 2025 4:14 am ET1min read
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io.net, a decentralized graphics processing unit (GPU) network, has unveiled Co-Staking, a feature that enables IO token holders to share block rewards without operating any personal hardware. The platform, announced on Thursday, February 20, connects IO token holders with network suppliers directly, making it easier to stake and track earnings.

Designed to meet the growing community demand, Co-Staking allows hardware suppliers to onboard more GPUs with a lower personal stake. At the same time, IO token holders can contribute to staking requirements and receive a share of the rewards without managing GPUs themselves. To find assistance on the Co-Staking Marketplace, suppliers can post staking offers for IO holders to review, effectively decentralizing the validation process.

In addition to streamlined staking, Co-Staking will boost both the utility of the IO token and io.net’s computational power. By reducing individual staking requirements, the marketplace encourages more users to contribute high-performance hardware. Suppliers can also better manage financial risk by distributing staking commitments across multiple contributors.

Once a device has been fully set up and started operating, the supplier can customize co-staking offers and adjust the share of both the staking requirement and block rewards. These offers can then be listed on the marketplace or shared directly with potential co-stakers. Participants can filter staking offerings by GPU or central processing unit (CPU) model as well as other parameters, including staking amount, block reward percentage, device reliability score (0–100), and projected weekly earnings (based on trailing 7–day data).

The launch of Co-Staking marks an important step forward toward broader network participation on io.net, ensuring registered devices meet staking criteria and offering IO holders additional ways to earn rewards.

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