What is DeFi Staking? - Crypto Concepts 101
Simply, DeFi staking refers to the process of locking up cryptocurrencies to receive rewards.
The annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment taking into account the effect of compounding interest. Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance gets a little bigger, so the interest paid on the balance gets bigger as well.
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Simply, DeFi staking refers to the process of locking up cryptocurrencies to receive rewards.
When investing in the world of decentralized finance (DeFi), and particularly when you are picking a token to trade, understanding DeFi liquidity is crucial.
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