Staking can be a great way to use your crypto to develop passive income, primarily because some cryptocurrencies deliver high interest rates for staking. The primary benefit of staking is that you earn more crypto, and interest rates can be very helpful. In some cases, you can earn more than 10% or 20% per year. It's potentially a very beneficial way to invest your money. And, the only thing you need is crypto that utilizes the proof-of-stake model. DeFi Staking is also a way of supporting the blockchain of a cryptocurrency you're invested in. These cryptocurrencies depend on holders staking to verify transactions and hold everything running smoothly. For example, many smaller crypto projects offer high rates to attract investors, but their prices then end up crashing. If you're curious in adding crypto to your portfolio but you'd prefer less risk, you may want to opt for cryptocurrency stocks instead. Although crypto that you stake is still yours, you need to unstake it before you can trade it again. It's crucial to find out if there's a minimum lockup period and how long the unstaking process takes so you don't get any unwelcome surprises.
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