Crypto Dictionary Staging: staking

Locking up your cryptocurrencies to support a network and earn rewards, like a digital version of a savings account.

Example

I'm staking my cryptocurrencies, now I can earn passive income while I sleep!

16 Apr 2024

(Verb) In terms of DeFi or decentralized finance, HODL crypto, For this you get more crypto It provides security (POS algorithm) unlike Bitcoin which runs POW Staking is usually followed by %APY Average per yield yearly an interest bearing account

Example

ZILLIQA (Zil) has a staking property of 17%-23% APY

Raymond Chan

16 Apr 2024

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DIC stands for Definitions in Crypto. It is a dictionary for everything crypto and memecoins. And it is written by Degens like you.

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