Staking is the process of depositing and holding funds in a wallet or an exchange to support the security and operations of a proof-of-stake blockchain network. In return, users receive rewards for this.
“WazirX staking is very simple. All you need to do is buy or deposit a PoS token and hold at least a minimum balance of it on WazirX. We don’t even lock users’ tokens. Users can trade any time, and when their funds are idle, they get staking rewards. This is the best of both worlds,” says Shetty.
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