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เข้าใจเนื้อหาบทความและประเมินอารมณ์ของตลาดได้อย่างรวดเร็วในเวลาเพียง 30 วินาที!
Simply put, crypto staking means earning a percentage rate of staking rewards over time by contributing to a staking pool. Participants who lock their funds serve as validators for a blockchain using a proof of stake (PoS) system to validate transactions for rewards. Crypto staking serves as a source of passive income for investors who generally prefer to HODL their crypto assets, rather than trade them.
Although crypto staking resembles crypto mining, the main difference is that mining involves the proof of work (PoW) consensus. Miners are incentivized with rewards whenever a block is successfully added to the blockchain. As mining becomes more labor-intensive and expensive, investors turn to staking. In this article, we’ll introduce what Bybit Savings is — and how you can earn high yields in a jiffy.
Bybit Savings is flexible when it comes to the staking period, allowing users to stake under flexible and fixed terms. The staked assets help you earn annualized percentage yield (APY), just as you would earn interest by opening a savings account in a traditional bank. The only difference is that Bybit Savings is based on crypto assets instead of fiat currency.