Insightful Principles

EP 89: What is Staking in Cryptocurrency?


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DISCLAIMER: My content is designed for informational and educational purposes. Please consult with an advisor or a brokerage firm when making an investment decision. 
The information I give you, please do your own research and become aware of the risks when making an informed financial decision. You must understand your own risk tolerance and be comfortable with making a specific investment decision.
This podcast discusses staking cryptocurrency. What is staking? What platforms can you used to stake? What are the risks you should be aware of? Why is it important to stake your crypto? 
All of these questions was answered in this video. I explained how users are rewarded when staking their cryptocurrency on the blockchain.
 As well as the process of validating new blocks to secure the network through staking.
I also explained the crypto’s that give you access to staking, such as, Ethereum, Polkadot, Solana etc. 
I provided some solutions on using protocols that give users the ability to stake with a lower amount with Lido. 
Which is a liquidity staking solution to help solve the illiquidity of Ethereum. 
I discussed Ethereum requirement of at least of 32 ETH when staking on their network and the challenges with locking up your funds for a longer period of time. 
Other aspects highlighted was the staking on a exchange and also utilizing a hardware wallet. 
Staking on a hardware wallet allows for better security while earning interest on your digital assets over time. 
I went over the risks, as well as some websites such as Defiyield and Defillama that can help with your research. Continue to rate, leave a review, & share! 
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Insightful PrinciplesBy Kevin N Jenkins

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