Delegation services play an integral role for Proof-of-Stake blockchains that grant the delegation of tokens in their protocols. These services allow participants who lack either the required number of tokens or the technical skills to be a validator, enabling them to participate in the network and gain rewards.
Traditionally, these delegation services will take a percentage of the rewards for their work, which normally varies anywhere from 10% to 30%. Companies have even formed to cater to these delegation services.
We are going to examine the five largest delegation services on the Tezos blockchain. In doing so, we will be able to get a better idea on how profitable these services have been to date, and how sustainable their business model is.
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