We know staking.
Rich Swap Stake has been operating validators from 2024. We are one of the largest and trusted validators in the crypto ecosystem. We support 10+ protocols and help stake over $1 billion worth of assets for both institutions and retail investors.
What is staking?
Staking is a unique feature allowed with some cryptocurrencies. When users stake their cryptocurrency, they lock a set amount of their crypto funds for a certain period to help maintain operations on a particular proof-of-stake blockchain system.
A proof-of-stake mechanism is a method for some cryptos to verify transactions and consensus on their blockchain networks. With this method, users are given an incentive of rewards when they stake their coins.
Rich Swap has become a popular way to make a profit in crypto without trading coins.
How can you start staking
To begin staking you first have to own digital assets that can be staked. If you’ve already bought some, you’ll need to transfer the coins from the exchange or app you bought them on to an account that allows staking.
Risks of staking crypto
Cryptocurrencies are volatile. Drops in price can easily outweigh the rewards you earn. Staking is optimal for those who plan to hold their asset for the long term regardless of the price swings.
How profitable is staking
Staking is a good option for investors interested in generating yields on their long-term investments and aren’t bothered about short-term fluctuations in price. It’s important to note, though, that rewards can change over time.