Difference between revisions of "Staking"
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Staking is a term often used to describe the locking up of cryptocurrency as collateral to help secure a particular [[blockchain]] network or smart contract protocol. Staking is also commonly used in reference to cryptocurrency deposits designated towards provisioning [[DeFi]] liquidity, accessing yield rewards, and obtaining governance rights. Cryptocurrency staking involves locking up tokens in a network or protocol to earn rewards, with those tokens used to help provide key services for users. | Staking is a term often used to describe the locking up of cryptocurrency as collateral to help secure a particular [[blockchain]] network or smart contract protocol. Staking is also commonly used in reference to cryptocurrency deposits designated towards provisioning [[DeFi]] liquidity, accessing yield rewards, and obtaining governance rights. Cryptocurrency staking involves locking up tokens in a network or protocol to earn rewards, with those tokens used to help provide key services for users. | ||
[[Category:Glossary]] | |||
Revision as of 01:25, 27 April 2022
Staking is a term often used to describe the locking up of cryptocurrency as collateral to help secure a particular blockchain network or smart contract protocol. Staking is also commonly used in reference to cryptocurrency deposits designated towards provisioning DeFi liquidity, accessing yield rewards, and obtaining governance rights. Cryptocurrency staking involves locking up tokens in a network or protocol to earn rewards, with those tokens used to help provide key services for users.