Difference between revisions of "Staking"
Jump to navigation
Jump to search
(Created page with "Staking a cryptocurrency essentially means to hold that currency, to help verify transactions and support the network. In exchange for doing so, stakers typically receive some...") |
|||
| Line 1: | Line 1: | ||
Staking a cryptocurrency essentially means to hold that currency, to help verify transactions and support the network. In exchange for doing so, stakers typically receive some kind of reward. In the Aavegotchi world for instance, $GHST stakers are rewarded with FRENS (points) that they can use to buy tickets and win prizes in periodic raffles. | Staking a cryptocurrency essentially means to hold that currency, to help verify transactions and support the network. In exchange for doing so, stakers typically receive some kind of reward. In the Aavegotchi world for instance, $GHST stakers are rewarded with FRENS (points) that they can use to buy tickets and win prizes in periodic raffles. | ||
| + | |||
| + | [[Category:Vocabulary]] | ||
| + | [[Category:DAO]] | ||
Latest revision as of 17:02, 23 April 2022
Staking a cryptocurrency essentially means to hold that currency, to help verify transactions and support the network. In exchange for doing so, stakers typically receive some kind of reward. In the Aavegotchi world for instance, $GHST stakers are rewarded with FRENS (points) that they can use to buy tickets and win prizes in periodic raffles.