Sooooooooooooo

What's "staking"?

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crypto.com/en/earn.html
hexdex.win/swap
hex.live/home
twitter.com/NSFWRedditImage

Locking your coins away and getting rewards for it. That's how I understood it.

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think of the saying "what's at stake" or "what stake do you have in the game"
you put up your coins as collateral to say "this block is legit", and if it's true you get rewarded. if it's found to be false you lose what you stake

for example, here: crypto.com/en/earn.html
what do they mean by "staking"?

Basically it means you lock some of your coins in a segregated wallet. It gives you a 'stake' in the network, which is supposed to mean that your node can be trusted to not act against the network since it would destroy the value of your coins. That way you're allowed to participate in the concensus formation by checking the validity of transactions on the blockchain. In exchange for this 'work' as a validator, you receive a share of the transaction fees, which is the 'staking reward'.

interest

Staking is how you kill vampires

For crypto.com it's a different kind of staking where you lock your tokens in exchange of additional advantages associated with their debit card, you can't compare this to Proof of Stake, it has nothing to do with it.

HEX is staking sir. Staking real nice.

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Oh.
> lock some of your coins in a segregated wallet
How do I do this shit?
Do anons here engage in this?
>It gives you a 'stake' in the network, which is supposed to mean that your node can be trusted to not act against the network since it would destroy the value of your coins. That way you're allowed to participate in the concensus formation by checking the validity of transactions on the blockchain.
Interesting.
>In exchange for this 'work' as a validator, you receive a share of the transaction fees, which is the 'staking reward'.
So you're saying that I can earn some interest and the coins I supposedly "stak" away in a segregated wallet?

Oh, ok. So not real staking.
Where do I engage in the real staking then?

>How do I do this shit?
>Do anons here engage in this?
It depends on the blockchain. But some exchanges like Binance makes it easy by creating Staking Pools. Basically you deposit your coins and you just receive your rewards automatically.
>So you're saying that I can earn some interest and the coins I supposedly "stak" away in a segregated wallet?
yes it's like an interest.

it's steak king.

The main Proof Of Stake blockchain will be ethereum, but they're still working on it. Other blockchains already do it like Tezos or Peercoin.

Stake Hex sir. There really is no better staking product out there. Trustless interest. No counterparties. Currently ~18% interest per year for monetizing your time.

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but how are the transactions actually processed?
is there still a decentralized process for this?

>yes it's like an interest.
Do I earn this interest in the form of cash or more crypto coins?
>But some exchanges like Binance makes it easy by creating Staking Pools. Basically you deposit your coins and you just receive your rewards automatically.
What other exchanges do it this way?
Kraken? Huobi? Coinbase? Livecoin?

How do you 'cash out' on those interests? Don't know if this question makes sense.
Thank you.

Yes of course, it's still decentralized. You're running a node, like for Proof of Work, except that the computational work is replaced by your stake. Your node is still charged with checking and validating the transactions.
Transactions are prossessed in the same way, you sign a transaction with your private key, you broadcast to the network and the staking nodes check it and include it in the next block.
>Do I earn this interest in the form of cash or more crypto coins?
More crypto coins
>What other exchanges do it this way?
>Kraken? Huobi? Coinbase? Livecoin?
I don't know dude, you'll have to do your own research from this point

It makes sense. You cash out at the end of your stake. You can stake for 1-5555 days. You can end your stake early but you'll be penalized for doing so. The longer you stake the more you earn since the interest is compounded.

So what is the “Pooling” option on KyberSwap? Is that staking?

Not a lot what's stakin with you?

No no it has nothing to do with a staking pool. For Kyber a pool is a system that provides liquidity for decentralized coins/token swap transactions.

These are my ended stakes, two of which were penalized for ending before 50% completion and one of which was completed fully. The longer the stake the bigger the penalty for ending it before completion, but the rewards also get exponential if you can endure till the end. So it's high risk high reward if you go long. But the rewards are crazy big if you're strong enough to go long term with this.

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>More crypto coins
Sounds sexy.
What do I have to do achieve this? Just put the coins there for staking and that's it? Leave them there? Or do I have to actually do something? What are my obligations?
>I don't know dude, you'll have to do your own research from this point
Ok, thank you very much.
You use binance, correct?
Also, do all coins offer this staking possibility?

Good. Beautiful. Thank you.

In what exchange did you do this?

Uniswap
hexdex.win/swap

But you can check out the stats on the coin here.
hex.live/home

Essentially you loan money to the bank. If the bank fails you lose it all. If not, you gain compound interest on the money.

dividends

Stay poor faggot

>You use binance, correct?
>Also, do all coins offer this staking possibility?
Personnally I don't do staking right now, I'm waiting for ethereum to launch their PoS concensus to start running my own staking node on ethereum. I only know the theory. For the practical way of doing with exchange pools you have to read the documentation for each particular exchange.

What do you mean retard? I'm not criticising MCO I have a crypto.com card myself, I'm just explaining.