By Ted Late Staking crypto allows holders to put their idle crypto assets to use and generate passive income in exchange for providing security for blockchain networks. However, picking a platform that’s best for staking can be quite challenging, especially if you are inexperienced with crypto staking. In this article, we are going to examine […]
Tag: APY
By Vuk Martin Can XRP earn you yield, or does it just sit there and wait for price moves? XRP DeFi is the idea of using XRP in decentralized finance to earn returns, usually shown as APY (annual percentage yield). Native XRP on the XRP Ledger (XRPL) doesn’t “stake” the way some proof-of-stake coins do. […]
By Ted Late Unfortunately, on-chain staking of XRP is not possible, as its parent blockchain, XRP Ledger, does not use the Proof of Stake (PoS) consensus mechanism but instead relies on a unique consensus mechanism called XRP Ledger Consensus Protocol (XRP-LCL), which does not require validators to stake their coins. Instead, validators are selected randomly […]