Staking WalletConnect (WCT) coin offers multiple benefits for holders. Primarily, it allows participants to earn passive income in WCT rewards, often with competitive APRs and principal protection. This low-risk method enables your holdings to grow without complex setup or on-chain penalties.
Beyond financial returns, staking WCT empowers you with governance rights. By locking your tokens, you gain voting power to influence key decisions regarding the WalletConnect network's future development, fee structures, and upgrades. This involvement fosters a more decentralized and community-driven ecosystem. Additionally, staking contributes to the network's security and stability, reinforcing its resilience against potential attacks.
