Hot Topic | August 2022
In this Hot Topic, we describe crypto staking, explain key staking concepts and outline key decision points for validators and delegators associated with accounting for staked tokens and staking rewards.
Applicability
All entities that stake crypto intangible assets on proof-of-stake blockchains
Relevant dates
- Effective immediately
Topics addressed:
- Key crypto staking concepts
- Accounting for staked crypto assets (tokens)
- Identifying the principal to validation activities
- Accounting for transaction fees earned by a validator
- Staking rewards revenue recognition by validators and delegators
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