The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
 
 
 
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
25
 
26
 
27
 
28
 
29
 
30
 

Bitcoin Staking And Market Activity Point To Major Growth Potential

Tags: new
DATE POSTED:September 23, 2024

Bitcoin staking, a concept that might have seemed unusual in the past, is quickly gaining traction as a new way to earn yield on BTC holdings.

Through Bitcoin staking, users deposit BTC into a protocol and receive Liquid Staking Tokens (LSTs) in return. While the BTC remains locked, the LSTs can be used in DeFi markets, allowing users to earn rewards while maintaining liquidity.

1/ Bitcoin staking might sound unusual, but it could become the next big thing for earning yield on your BTC.

Here’s what you should know

Tags: new