| Name | Overview |
|---|---|
| Earm a Stake in AI | |
| Partake in Staking in Over 120 Protocols | |
| #1 Rated Crypto Casino and Sportsbook | |
| Earn 88 Cryptocurrencies at the Same Time |
What is staking?
Staking involves holding cryptocurrency in a designated wallet to help operate a blockchain network, earning rewards in return. Specifically, users lock (stake) a certain amount of cryptocurrency within the network.
Why do you get rewards?
The reason you earn rewards from staking is that you help support the network’s security and operations.
Staking is utilized in blockchains that adopt the Proof of Stake (PoS) consensus algorithm. In PoS, the amount of cryptocurrency you stake determines your rights to validate blocks or create new ones, thereby maintaining the network’s security.
Participants receive rewards as compensation for their contribution.
Is it safe?
Staking is generally considered a safe investment method, but it’s not entirely without risks. Key risks include network bugs, vulnerabilities, hacking, and the volatility of cryptocurrency prices.
The reliability of the platform or project you stake with is also crucial. Using staking services offered by trusted projects or major exchanges can help reduce these risks.
Additionally, since staked assets are often locked, there’s a risk that you can’t sell them immediately if prices drop suddenly.
How much can you earn?
The rewards from staking vary depending on the type of cryptocurrency, the amount staked, and the network’s conditions. Generally, you can expect annual returns ranging from a few percent to tens of percent, though this fluctuates based on the project and market trends.