A Beginner’s Guide to Aptos Entrusted Pledge Function: Mortgage Your APT Tokens and Earn Rewards

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

The Aptos ecosystem recently announced the launch of the entrusted pledge function, a new feature that aims to encourage active participation in its network while enabling users to earn rewards for their participation. With this new feature, users can now entrust their mortgage rights to trusted network validators and receive rewards as individuals. This article will delve into what the Aptos entrusted pledge function is, how it works, and what benefits users can expect from it.

What is the Aptos Entrusted Pledge Function?

The Aptos entrusted pledge function is a feature of the Aptos network that allows users to mortgage their APT tokens to trusted network validators. In return, users can earn rewards for their mortgage participation as independent individuals. This function has been developed to incentivize user participation in the Aptos network while providing them with a means of earning rewards for their contribution.

How Does the Entrusted Pledge Function Work?

Multiple wallets can mortgage APT on a trusted verification node. Users can entrust their mortgage rights and participate in the mortgage process with as little as 11APT (2/8). When a user mortgages their APT, their tokens will remain locked in a smart contract until maturity. At maturity, users can redeem their tokens, along with the rewards earned during the mortgage period.
Users can track their mortgage status and earnings on the Aptos blockchain explorer. The maximum mortgage period is 40 days. After that, users must wait 48 hours for the tokens and rewards to be released to their wallet.

Benefits of the Aptos Entrusted Pledge Function

1. Earn Rewards – One of the most significant benefits of the Aptos entrusted pledge function is that users can earn rewards for their participation in the network. By using this feature, users can earn rewards while contributing to the health and security of the network.
2. Increased Participation – The Aptos entrusted pledge function is designed to incentivize users to participate actively in the network. This feature promotes user participation and helps ensure the network’s health and stability.
3. Low Cost of Entry – Users can participate in the mortgage process with as little as 11APT (2/8), making the feature accessible to users with low investment capacity.

Steps to Mortgage Your APT Tokens on the Aptos Network

1. Download an Aptos-compatible wallet – Before mortgage your tokens, you need to download a wallet that supports the Aptos blockchain. Some popular wallets that support Aptos are ImToken, DApp, and Math Wallet.
2. Purchase APT Tokens – Buy APT tokens from a reputable exchange like Binance, Bitfinex, and BitMax. Ensure the tokens are in an Aptos-compatible wallet before attempting to mortgage them.
3. Connect to the Aptos network – Connect your wallet to the Aptos network to begin the mortgage process.
4. Initiate the Mortgage – Initiate the mortgage process and specify the number of tokens you want to mortgage.
5. Wait for the Maturity date – After the successful mortgage process, wait for the maturity date to claim your tokens and rewards.

Conclusion

The Aptos entrusted pledge function is a significant development in the Aptos ecosystem. It is an essential feature that promotes active user participation while incentivizing them to contribute to the network’s stability and health. With its low cost of entry and rewards system, it’s an excellent opportunity for users who want to invest in the Aptos network.

FAQs

Q1. What happens if I miss the maturity date for my tokens?

If you miss the maturity date for your tokens, you will have to wait for another 40 days to redeem your tokens and rewards.

Q2. Can I entrust multiple wallets for mortgage participation?

Yes, you can entrust multiple wallets for mortgage participation. Ensure that the wallets are compatible with the Aptos blockchain.

Q3. How can I track my mortgage and earnings status?

You can track the status of your mortgage and earnings on the Aptos blockchain explorer, which is available on the Aptos website.