Staking is like putting money in a bank. When you deposit money, the bank pays you interest for keeping it there.
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HOW STAKING WORKS
Staking is like putting money in a bank. When you deposit money, the bank pays you interest for keeping it there. The bank uses your money to lend it to other people and gets interest in return.
With staking, you store your cryptocurrency to an exchange, the exchange is using your coins to make a profit and gives you interest in return. Your coins help keep the blockchain running, and you get paid for it—just like earning interest from a bank.
But while banks offer around 3 - 8% per year, staking can give you up to 90% per month. It’s a reliable way to earn profits, similar to a bank deposit but with much higher returns.
Staking is the modern way to profit off of your savings.