Typically the more assets a validator stakes, the more chance it has of getting work.
Revolut said it would use third-party validators.
The potential rewards would vary depending on the customer, and token staked, but customers could earn up to 11.65% annual percentage yield, it said. The cryptocurrency market plunged last year as investor confidence was sapped by a combination of interest rate hikes and high-profile collapses including FTX and Celsius. Lawmakers have stepped up calls for regulation after crypto firms' customers were left with large losses. Britain's finance ministry laid out its first set of rules to regulate cryptoassets last week. Revolut said customers' staked funds would be held with "trusted custodians" but did not specify who these custodians were.
Asked how the firm established the trustworthiness of the custodians, a spokesperson told Reuters that Revolut completed its own due diligence. (Reporting by Elizabeth Howcroft Editing by Sinead Cruise and Mark Potter)