How DeFi Can Help You Earn Passive Income in 2022

Decentralized finance (DeFi) has been one of the hottest crypto market themes of 2021, and it is showing no signs of cooling off.

DeFi is disrupting the financial services with its secure, unique blockchain-based system. Its demand has paved the way for passive income.

What is Staking?

Staking is a way to earmark, or quite literally lock up, crypto holdings for a period of time and earn rewards like interest for doing so.

How Does Staking generate passive income?

Staking is contributing to the process of creating new blocks on the blockchain, and the amount you earn is commensurate with the amount you stake.

What are popular coins for staking?

To start, you must have a crypto wallet and relevant holdings. Check out Ethereum, Terra, and Solana.

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