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Locking up tokens to help secure a proof-of-stake network and earn rewards.
Definition
Locking up tokens to help secure a proof-of-stake network and earn rewards. It's like earning interest on your holdings. Staking ETH currently yields around 3-4% annually, with the tradeoff of reduced liquidity.
Related Terms
A consensus mechanism where validators stake tokens as collateral to secure the network.
The income earned on an investment, expressed as a percentage.
A node operator who validates transactions and creates blocks on a proof-of-stake network.
A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.
The intersection of artificial intelligence and blockchain technology.
A marketing strategy where crypto projects distribute free tokens to wallet addresses.
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