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Regardless of whether you are an early crypto adopter or just getting a grip on it, chances are you have heard of “staking”. This blockchain phenomenon that now boasts over $59 billion in locked funds is aimed to replicate the ways that traditional financial institutions make money. In layman’s terms, it means that DeFi allows the public to participate in financial markets by providing liquidity, borrowing and lending. And since it is blockchain that we are talking about, DeFi is of course limited to crypto only.
But how does one start in this intricate world of decentralized finance?
If you find yourself asking the same question, then consider this post a gentle introduction to staking and a dive into the decisive factors that pull certain entities and tokens to the top of the industry rankings.
By definition, staking is earning interest on “lending your funds.” Still, compared to traditional retail