Staking on blockchains is an investing strategy that is gaining prominence and one that promises regular income without requiring any crypto tokens to be sold.
After delivering multi-fold returns over the past few years, the cryptocurrency market is in a prolonged bear cycle, one that has prompted many long-term investors to question whether it is possible to generate returns from these digital assets while holding onto their positions.
There are more than a few ways for long-term crypto token holders to generate additional yields and one of the most popular options is investing in staking pools, which promise additional income apart from capital gains through token value appreciation.
Staking is available on blockchains that employ a proof-of-stake (PoS) consensus model and requires holders to lock their crypto tokens in a specific blockchain address (or wallet) in return for an annual percentage yield (APY) that is commensurate with the number of tokens staked.
A suitable option...
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