Staking offers crypto holders a way of putting their digital assets to work and earning passive income without needing to sell them.

You can think of staking as the crypto equivalent of putting money in a high-yield savings account.

When you deposit funds in a savings account, the bank takes that money and typically lends it out to others.

In return for locking up that money with the bank, you receive a portion of the interest earned from lending.

Similarly, when you stake your digital assets, you lock up the coins in order to participate in running the blockchain and maintaining its security.

In exchange for that, you earn rewards calculated in percentage yields. These returns are typically much higher than any interest rate offered by banks.

Staking has become a popular way to make a profit in crypto without trading coins.

As of April 2022, the total value of cryptocurrencies staked exceeded the $280 billion threshold, according to Staking Rewards.

Follow for more!


bitcoin cardano ethereum crypto staking tezos