Tired of your cryptocurrencies just sitting there? It's time to put them to work! Today we'll learn two powerful strategies to generate passive income with your digital assets: staking and farming.
What is Staking?
Imagine lending your cryptocurrencies to a blockchain network. In return, you receive rewards. That's how simple staking is. It's like putting your money in a bank, but in the world of cryptocurrencies.
* How it works: You lock up your cryptocurrencies for a set period of time and in return, you receive a portion of any newly created coins or network fees.