Course day 13: Multiply your cryptocurrencies with Staking and Farming
Tired of your cryptocurrencies just sitting there? It's time to put them to work! Today we'll learn two powerful strategies to generate passive income with your digital assets: staking and farming.
What is Staking?
Imagine lending your cryptocurrencies to a blockchain network. In return, you receive rewards. That's how simple staking is. It's like putting your money in a bank, but in the world of cryptocurrencies.
* How it works: You lock up your cryptocurrencies for a set period of time and in return, you receive a portion of any newly created coins or network fees.