I don't know much about the Defi staking. How does it works? Can anyone enlighten me?
DeFi staking is the process where coins are locked up within a smart contract and percentage yields are given in return. Staking allows cryptocurrency holders to gain passive incomes from their investment in crypto. Many cryptocurrency investors are looking to further their revenue streams and many view staking as a safer alternative to trading cryptocurrency. In addition, staking is required in order to participate in some areas of DeFi. By leveraging the power of smart contracts, cryptocurrency-based lending and borrowing ecosystems are enabled. (Source: Website)