◻️Stake
Staking has become a popular feature in decentralized finance (DeFi), providing users with a way to earn rewards by holding and locking up their cryptocurrency assets. Yielding Protocol's staking feature allows users to earn rewards in the form of its native YIELD tokens by staking their cryptocurrency assets for a specified period of time. With Yielding Protocol's staking feature, users can earn passive income on their crypto holdings, while also contributing to the security and stability of the platform. This incentivizes users to hold onto their cryptocurrency assets for longer periods of time, which can help to stabilize the cryptocurrency market as a whole. By staking on Yielding Protocol, users can benefit from potential rewards, while also contributing to the growth and success of the DeFi ecosystem.
How it works?
Here's how staking in Yielding Protocol works:
Asset Selection: Users can select the cryptocurrency asset they want to bet on from the available pool and receive income according to the pool rules e.g. YIELD/BNB.
Staking Period: Users choose a staking period, which can range from a few days to several months. During this period, the user's cryptocurrency assets are locked and cannot be withdrawn.
Rewards: Users earn rewards in the form of Yielding Protocol's native YIELD tokens for the duration of the staking period. The longer the staking period, the higher the potential rewards.
Unstaking: At the end of the staking period, users can withdraw their cryptocurrency assets and rewards from the staking pool.
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