Hello everyone,
I heard that it is possible to stake with my own wallet.
This seems to provide you the best of two worlds: you
keep control of your funds and you earn rewards with
them. That being said, the only info i can get on this
is: "Non-custodial staking is more complicated and requires
technical skills and blockchain knowledge that is beyond
most beginners".
Can someone elaborate or give a link for a better
understanding?
Thanks a lot:)
Depends on what asset you want to stake. Moreover, sometimes you need to stake it via the smart contract, so please, give some more exact information!
i see it that way too. there are certain token that you can stake on your wallet only and earn tokens through it. one token I held for a moment was Cardano (ADA) which you can stake inside your wallet, you just have to delegate your wallet to a pool. and then you can receive some ADA every week. of course the more you have then the more you get every week as well. that's sort of how it works.