Published by
Inven Global
Inven Global
What is “Staking”?Staking is a financial product where you deposit cryptocurrency to get interest in return. It is similar to depositing money in the bank and gaining interest. Staking is a common financial product you can find in DeFi (Decentralized Finance), which uses blockchain and cryptocurrency. The source of interest in staking depends on the characteristics of the cryptocurrency and the company’s asset management method. Mostly, you gain a certain percentage of the fee when people deal cryptocurrency. The companies run a loan product with the deposited cryptocurrency, and they sometime…