Hey guys I am not very familiar with the topic of staking and staking-as-a-service. But I just saw yesterday evening that SMART VALOR a Swiss crypto exchange started their staking campaign where you can either stake Dash or their native token VALOR.
They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/
What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some
They state that revenues are up to 6.9% for Dash and 15% for VALOR. Here is the link for their announcement:
https://news.smartvalor.com/staking-dash-available-on-smart-valor-platform/
What do you guys think about it? I think it could be good alternative for earning some passive income (if I understand the concept correctly) like interest back in the days bank used to pay some
Staking has been here since the dawn of POS. Dash community nodes were the first of such staking services I knew. Now many of exchanges and staking websites provides rewards for staking. There are 2 types of ways services claims to stake. There are coins that are POS like LISK or gives rewards to users for holding them like NEO or rewards for nodes and masternodes like DASH. Here the service provider does all the job for small investors and take a cut from the profit. Another way is exchanges reward a fixed amount for maintaining liquidity in the exchange. Though it's not a real staking, many of the exchanges advertise rewards on holding a coin on exchange as staking.