How Does DeFi Staking Work?

[Suba]

Basically, the DeFi staking method is no different from standard crypto staking in general, the only difference is that staking is done on a smart contract that runs on a blockchain that implements the PoS consensus mechanism. In DeFi we can stake fungible and non fungible tokens. We can find several DeFi staking on various blockchains such as Ethereum, Polkadot, Solana, Cardano, Algorand etc. Meanwhile, some well-known platforms for DeFi staking are: Balancer.fi, Curve.fiBake.io, Uniswap, Binance DeFi staking, Aqru.io etc.

 

[magnus2022]

Thanks for this information! I have been trying to understand this Defi in cryptocurrency but the explanation is usually confusing to me. Thanks again.