Guide on Staking on STON.fi
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Staking on STON.fi involves locking up cryptocurrency to support blockchain networks and earn rewards.
It offers passive income and supports your favorite projects but reduces liquidity temporarily.
Research the rewards and risks before staking.
Staking has become a pivotal aspect of the cryptocurrency, offering a unique way for users to engage with blockchain networks while earning rewards.
What is Staking?
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Staking simply involves locking up a certain amount of cryptocurrency like ($STON) in a digital wallet to support the operations of a blockchain network. This process plays a crucial role in validating and securing transactions within the network.
Key Benefit
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ā¢ Earn Passive Income:
One of the key benefits of staking is the opportunity to earn passive income in the form of additional cryptocurrency rewards. These rewards are typically distributed based on various factors such as the amount of cryptocurrency staked, the duration of the staking period, and the specific rules of the blockchain protocol.