A DeFi staking platform allows users to stake their cryptocurrency in exchange for rewards. By staking, participants contribute to the network’s security and operational efficiency while earning passive income. Staking on decentralized finance platforms involves locking up assets in a smart contract to support blockchain operations such as validating transactions. In return, users receive interest or additional tokens. DeFi staking platforms offer higher returns than traditional finance systems and give users control over their funds while promoting network decentralization. These platforms also provide easy entry points for users looking to earn on their idle assets.
Liam Clark
20 Blog posts