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There is a great deal of interest among users of centralized staking platforms in knowing what a DeFi staking platform is and how it works.
By leveraging the benefits provided by the decentralized finance platform, DeFi staking allows you to earn profits from your cryptocurrency assets.
A centralized and a decentralized environment can have different stake theories.
Prior to the creation of DeFi, staking was considered a way of authorizing transactions and adding a new block to the blockchain. According to the most narrow definition of DeFi staking, it is the process of locking crypto assets in a smart contract in exchange for becoming a validator in a DeFi protocol or layer 1 blockchain and earning profits from your efforts.
As a broader term, DeFi staking refers to all DeFi activities requiring a temporary commitment from a user for crypto assets.Get in touch with our experts by clicking here
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