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What is DeFi Staking in crypto?

Posted by Alferd Alden
6
Jan 2, 2024
90 Views
DeFi (Decentralized Finance) staking in crypto refers to the practice of locking up cryptocurrency funds in a smart contract on a decentralized platform to participate in the proof-of-stake (PoS) or other consensus mechanisms. Staking involves actively participating in transaction validation on a blockchain network, and in return, participants receive rewards in the form of additional cryptocurrency tokens.
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