Staking has become one of the most popular ways to earn passive income in the world of cryptocurrency. Decentralized finance (DeFi) projects often incentivize users to hold onto their tokens by offering attractive rewards. By staking tokens, users can participate in the project’s validator network and earn staking rewards. They can also contribute to the liquidity pool of a DeFi lending platform or automated market maker (AMM) and earn interest for their contributions.
However, with the vast number of staking opportunities available, it can be challenging for new users to navigate the process and find the most profitable options. This is where staking pools and aggregators come in. These platforms track the crypto markets and allocate tokens to DeFi projects that offer the highest yields, allowing users to earn better returns without having to search for opportunities themselves.
Propel is a leading DeFi infrastructure provider that offers Staking-as-a-Service through its Propel Pool. The platform provides a highly secure, completely decentralized staking environment with multichain capabilities. Propel Pool allows users to participate in single asset staking, LP staking, time-capped staking, and basket rewards.
Single asset staking is a conventional staking feature that allows users to stake any supported cryptocurrency and earn staking rewards proportional to their stake in the pool. LP staking enables liquidity providers on AMMs to earn additional rewards by staking the LP tokens in their possession. Time-capped staking limits the maximum number of tokens one can stake for a specific duration to prevent manipulation by whales. Finally, basket rewards offer stakers a mix of different tokens proportional to their contribution to the pool, allowing them to diversify their portfolio.
In conclusion, staking is a popular way to earn passive income in the world of cryptocurrency, and staking pools and aggregators can make the process easier for users. Propel Pool’s Staking-as-a-Service ecosystem offers a secure and decentralized staking environment with multiple options for users to earn rewards. As DeFi continues to grow and evolve, staking is likely to remain a crucial part of the ecosystem, providing users with alternative investment opportunities and encouraging financial inclusion.