Imagine a super-secure online piggy bank for your digital money (cryptocurrency)! That's kind of what 'staking' is. It's how many cryptocurrencies stay safe and work properly. You lend your money to help the system, and you get paid interest!
- Staking helps keep cryptocurrency networks safe and working.
- You earn extra cryptocurrency for helping out.
- There are different ways to stake, like using special apps or websites.
- Some ways let you use your money while it's earning interest.
Thing | Info |
---|---|
What is staking? | Locking up your cryptocurrency to earn rewards. |
Rewards | Can be 5% to over 20% per year! |
Platforms | Lido, Binance Earn, Jito, EigenLayer offer staking. |
Risk | Some staking involves risk. Learn before you start! |