Technology
By Sydney TheCMO
1 / 13
Binance Smart Chain
2 / 13
Hodling cryptocurrencies to take advantage of potentially huge price gains is all fine and dandy but what if you could use your crypto holdings to earn some passive income?
3 / 13
Proof of stake is a consensus mechanism that some blockchain networks use to validate transactions on their networks.
4 / 13
Staking can also be done by locking coins in a decentralized or centralized exchange to provide liquidity, lending, or even yield farming.
5 / 13
Here are some of the best cryptocurrency projects that offer the best staking returns. Note that they are selected based on factors such as the robustness of their networks and…
6 / 13
It is currently one of the most promising blockchain projects and it operates a proof-of-stake mechanism that is similar to Ethereum 2.0.
7 / 13
Running a validator node on Polkadot is one way to stake but it requires a huge amount of capital at around $40 million. Those that manage to achieve this will earn a 14.
8 / 13
Terra is a project that develops stablecoins backed by digital currencies. Luna is the native cryptocurrency on the Terra network and it plays the important role of exchanging…
9 / 13
The Terra platform has a stable staking protocol known as Anchor which provides staking opportunities with a 12% annual return.
10 / 13
This is the most popular layer 2 scaling solution for Ethereum and it co-hosts some of the top Ethereum DApps such as AAVE and Decentraland.
11 / 13
Staking rewards on Polygon range from 5.5% to 20% depending on the staked MATIC amount. There is a 9-day unlocking period for any staked coins.
12 / 13
Binance is one of the biggest crypto exchanges and it has a native coin called BNB. The exchange also has a centralized Ethereum clone called the Binance Smart Chain which hosts…
13 / 13
The Binance smart chain facilitates staking and has only 21 validators but roughly $15 million is required to become a validator.
The Currency Analytics
Want the full story?