Soft staking, also known as flexible staking, is a method of earning rewards on cryptocurrency holdings without locking up those assets for a fixed period. It allows users to earn passive income while maintaining full control over their funds, as they can trade, withdraw, or use them at any time. This contrasts with traditional staking, which often requires locking assets for a specific duration, potentially impacting liquidity.
Here's a more detailed breakdown:
No Lock-up Periods:
With soft staking, you don't need to transfer your tokens to a separate staking pool or lock them up for a set time.
Daily Rewards:
You earn rewards based on the tokens you hold in your Spot wallet, with rewards typically distributed daily.
