What is Staking?

In simple terms: You lend the system your resources using the coins you have → in return, the system pays you interest in the same coin or in an intermediary stablecoin with value...

If you hold a cryptocurrency that allows staking (for example: $USUAL , $ETH , $SOL , or other cryptocurrencies), instead of letting it gather dust, you can stake it and receive rewards in coins or in an intermediary stablecoin, for example, Usual pays staking in the stablecoin USDO (currently the price of USDO is approximately 1 US Dollar).

The reason your cryptocurrency earns you rewards when staking is that the blockchain is putting it to work. The types of cryptocurrencies that allow staking use a "consensus mechanism" called Proof of Stake or also known as "Proof of Work" which allows them to ensure that all transactions are verified securely and efficiently without the need for a bank intermediary or payment processor, while simultaneously defending against attacks better and enhancing its transaction processing capabilities.

When staking, pay attention to:

- Some staking types are not locked, you can withdraw anytime.

- However, some are locked for a certain period; it may take months or years, and you cannot withdraw in the meantime. If you do, you may incur fees.

In summary: Staking is a way to use coins to earn profits (Deposit coins → The network uses your resources and they → Pay you for it).

Wishing the coin community good luck.

(Note: This article should not be considered investment advice and does not bear any responsibility for any decisions related to your choices).