Entrusted Pledge Function now available on Aptos Official Twitter

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

Aptos, a well-known blockchain company, has recently announced the launch of their newest feature called the “Entrusted Pledge Function”. This function allows users to entrust their mortgage rights to trusted network validators and earn rewards as individuals. With multiple wallets able to mortgage APT on a trusted verification node, users can participate in the mortgage at a low price of 11APT (2/8).

What is the Entrusted Pledge Function?

The Entrusted Pledge Function is a new feature that was launched by Aptos. With this feature, users can entrust their mortgage rights to validators in the network. This means that users can pledge their assets as collateral and receive rewards based on their participation in the network.
Since the pledged assets are used as collateral, users receive more rewards as long as their pledge amount remains within the network. This system is designed to incentivize users to stay within the network and not withdraw their assets. The Entrusted Pledge Function adds another layer of security to Aptos’ network, making it one of the most secure blockchain platforms out there.

How does the Entrusted Pledge Function work?

To use the Entrusted Pledge Function, users need to have an Aptos wallet. Once they have their wallet set up, they can select the amount of APT they wish to pledge. After that, users need to choose a trusted verification node that they will entrust their mortgage rights to.
The trusted verification node is a key part of the Entrusted Pledge Function. Without the trusted verification node, users would not be able to participate in the network. In this system, validators are responsible for verifying transactions and ensuring that the network is secure.
Once users have chosen a trusted verification node, they can begin to participate in the mortgage. Users can stake their APT on the network for a minimum of 11APT (2/8) and be rewarded based on their participation in the network. The rewards are calculated based on the amount of APT that has been pledged and the duration of the pledge.

Benefits of the Entrusted Pledge Function

The Entrusted Pledge Function offers several benefits for users in the network. Firstly, it allows users to earn rewards for participating in the mortgage. Secondly, it provides an additional layer of security to the network since assets are being used as collateral. Lastly, it encourages users to remain within the network and not withdraw their assets.
Another benefit of the Entrusted Pledge Function is that it provides users with more control over their assets. Since users are entrusting their mortgage rights to validators, they have more control over how their assets are being used. This adds a level of transparency to the network and provides users with peace of mind.

Frequently Asked Questions

1. Can users withdraw their assets before the mortgage period ends?
Yes, users can withdraw their assets before the mortgage period ends. However, this will result in the user not receiving any rewards for their participation in the network.
2. How are rewards calculated in the Entrusted Pledge Function?
Rewards are calculated based on the amount of APT that has been pledged and the duration of the pledge. The longer the pledge, the higher the rewards.
3. Is this feature available on all wallets?
No, this feature is only available on Aptos wallets. Users need to have an Aptos wallet to participate in the Entrusted Pledge Function.

Conclusion

The Entrusted Pledge Function is a great addition to Aptos’ ecosystem. With this new feature, users have more control over their assets, and they can earn rewards by participating in the network. This function provides an additional layer of security to the network, making it one of the most secure blockchain platforms out there.
If you’re looking to participate in this function, make sure you have an Aptos wallet and choose a trusted verification node. By pledging your assets, you’re contributing to the network’s security and earning rewards at the same time.