Staking is a mechanism in the cryptocurrency sphere that refers to users locking their cryptocurrencies in a blockchain network or smart contract protocol, which serves as proof of their support for and participation in the network, and in return, they receive rewards in some form. Many blockchain networks based on the Proof of Stake model or its variants have adopted the staking mechanism.
As the crypto market develops and matures, staking not only provides individual users with an opportunity to earn a stable income but also attracts institutional participants, including exchanges. Driven by market trends, capital has successively entered the PoS track, and the advantages of exchanges, as traffic gateways, are increasingly prominent.
Enhanced user stickiness: Users can manage their assets in one place through exchanges and increase asset income via staking. Providing such services can also increase user satisfaction and loyalty.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »