📎What is staking?

Last updated: 2024-01-15

In cryptocurrencies, staking is a way of earning rewards for holding certain cryptocurrencies a set period of time to help ecosystem.

Staking is similar to depositing to a bank with your savings account. Banks lend out your deposits, and you earn interest on your account balance.

However, non-stable coins always have price fluctuations and you might get a loss if price goes down more than your rewards. i.e. non-stable coin: BTC, GW, ETH, etc. stable coin: USDT, USDC, FDUSD, etc.