#What is soft staking?

Soft staking allows you to use your staked coins for other purposes. Also, tokens can be withdrawn anytime, which is not the case with the traditionaln staking process.

soft staking work

Staking is usually done directly through wallets or cryptocurrency exchanges. For example, if you are staking Ether, you need at least 35 ETH in your wallet to be locked on the network. Alternatively, you can join a staking pool through a cryptocurrency exchange. This is useful when blockchains like Ethereum require a large number of coins to stake directly.

Benefits of soft staking

No Lock-up Period - Withdrawal or trade your coins any time. passive income - earn rewards without trading. low risk - no need to delegate or lock funds in smart contracts. flexibility - ideal for traders who need the liquidity.