What is staking binance❓

What is staking binance❓

For this article, we would like to present knowledge about the subject of what is known as staking to leave each other. If you're ready, let's go see it.

🔸 Get to know staking

staking is the process of depositing coins within the system And after that you will receive interest in other coins. that are not coins that have been deposited For example, deposit usdt but get interest back in dodo, etc.

🔸 How many types of staking does binance have?

There are two types of staking at binance as follows:

Type in locked staking

Type in defi staking form

🔸 Get to know the locked staking

locked staking is the process of storing funds in a cryptocurrency wallet to support the network on the blockchain and when locked staking is chosen your coin is executed. It is locked and cannot be withdrawn and will have to wait until the end of the period for interest to be paid out.

🔸 Get to know DeFi Staking

defi staking is a method of providing financial services to users through smart contracts, with the current defi project aiming to increase the yearly revenue of LINE in particular for certain currencies. The highlight of defi staking is the return rate which has a very high rate of return and comes with more risk as well.

How are you? Hope this article will be useful for all readers and see you in the next article.

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