Staking & liquid staking on Nightly Wallet
Uploaded
Jan 23, 2024
Staking and liquid staking are some of the safest and most stable ways of supporting Aleph Zero. In this blog post, we will introduce to you, what is the difference between staking and liquid staking, and how to do it in our wallet.
Staking and liquid staking are some of the safest and most stable ways of supporting Aleph Zero. In this blog post, we will introduce to you, what is the difference between staking and liquid staking, and how to do it in our wallet.
Staking and liquid staking are some of the safest and most stable ways of supporting Aleph Zero. In this blog post, we will introduce to you, what is the difference between staking and liquid staking, and how to do it in our wallet.
What is staking?
Staking is the process of supporting the validation of a blockchain network type Proof of Stake. It is all about locking your funds out of circulation in your wallet or other platforms. With that, your staked tokens support pools that validate the chain and make it safer. As a reward, you get rewards for helping to increase the security and efficiency of the chain.
What is liquid staking?
Liquid staking works in a similar way as staking, but it has some slight differences. It lets you stake and get rewards as well, but the main difference between it and traditional staking is that you don’t have to freeze your assets. In liquid staking, users can deposit tokens, but they will receive liquid tokens in return. Simply put, liquid staking integrates profits of staking, which is getting rewards and giving you extra tokens in return to increase your opportunities to participate in DeFi. Liquid staking on NEAR is available thanks to our friends from Metapool and on Solana, thanks to Lido.
What is better: staking or liquid staking?
Both those methods share more similarities than differences. Your results hinge on your strategy, so determining your goal is crucial in choosing the better option. Opt for regular staking if you prefer a set-and-forget approach with rewards. On the other hand, if you have an active strategy and know how to leverage tradable tokens for potential gains, liquid staking might be worth exploring for those seeking additional profits.
Staking in Nightly Wallet
1. Choose Solana, NEAR, Sui, Aptos or Aleph Zero.
2. Click "stake" button,
3. Choose “regular staking”
4. Click a plus in the upper right corner.
5. After that, you need only to choose the validator and decide what amount of tokens you want to stake.
6. Click the button “next.” That is all.
7. You just have staked your tokens.
Liquid Staking in Nightly Wallet
1. Choose NEAR or Solana for liquid staking.
2. Click "stake" button,
3. Choose “liquid staking”.
4. Click a plus in the upper right corner.
5. After that, you need only to choose the validator and decide what amount of tokens you want to stake.
6. Click the button “next.” That is all.
7. You just have staked your tokens.
It is a piece of cake, isn’t it? Now you're ready to stake yourself!
Download Nightly and let your tokens work for you.
nightly.app/download
What is staking?
Staking is the process of supporting the validation of a blockchain network type Proof of Stake. It is all about locking your funds out of circulation in your wallet or other platforms. With that, your staked tokens support pools that validate the chain and make it safer. As a reward, you get rewards for helping to increase the security and efficiency of the chain.
What is liquid staking?
Liquid staking works in a similar way as staking, but it has some slight differences. It lets you stake and get rewards as well, but the main difference between it and traditional staking is that you don’t have to freeze your assets. In liquid staking, users can deposit tokens, but they will receive liquid tokens in return. Simply put, liquid staking integrates profits of staking, which is getting rewards and giving you extra tokens in return to increase your opportunities to participate in DeFi. Liquid staking on NEAR is available thanks to our friends from Metapool and on Solana, thanks to Lido.
What is better: staking or liquid staking?
Both those methods share more similarities than differences. Your results hinge on your strategy, so determining your goal is crucial in choosing the better option. Opt for regular staking if you prefer a set-and-forget approach with rewards. On the other hand, if you have an active strategy and know how to leverage tradable tokens for potential gains, liquid staking might be worth exploring for those seeking additional profits.
Staking in Nightly Wallet
1. Choose Solana, NEAR, Sui, Aptos or Aleph Zero.
2. Click "stake" button,
3. Choose “regular staking”
4. Click a plus in the upper right corner.
5. After that, you need only to choose the validator and decide what amount of tokens you want to stake.
6. Click the button “next.” That is all.
7. You just have staked your tokens.
Liquid Staking in Nightly Wallet
1. Choose NEAR or Solana for liquid staking.
2. Click "stake" button,
3. Choose “liquid staking”.
4. Click a plus in the upper right corner.
5. After that, you need only to choose the validator and decide what amount of tokens you want to stake.
6. Click the button “next.” That is all.
7. You just have staked your tokens.
It is a piece of cake, isn’t it? Now you're ready to stake yourself!
Download Nightly and let your tokens work for you.
nightly.app/download
What is staking?
Staking is the process of supporting the validation of a blockchain network type Proof of Stake. It is all about locking your funds out of circulation in your wallet or other platforms. With that, your staked tokens support pools that validate the chain and make it safer. As a reward, you get rewards for helping to increase the security and efficiency of the chain.
What is liquid staking?
Liquid staking works in a similar way as staking, but it has some slight differences. It lets you stake and get rewards as well, but the main difference between it and traditional staking is that you don’t have to freeze your assets. In liquid staking, users can deposit tokens, but they will receive liquid tokens in return. Simply put, liquid staking integrates profits of staking, which is getting rewards and giving you extra tokens in return to increase your opportunities to participate in DeFi. Liquid staking on NEAR is available thanks to our friends from Metapool and on Solana, thanks to Lido.
What is better: staking or liquid staking?
Both those methods share more similarities than differences. Your results hinge on your strategy, so determining your goal is crucial in choosing the better option. Opt for regular staking if you prefer a set-and-forget approach with rewards. On the other hand, if you have an active strategy and know how to leverage tradable tokens for potential gains, liquid staking might be worth exploring for those seeking additional profits.
Staking in Nightly Wallet
1. Choose Solana, NEAR, Sui, Aptos or Aleph Zero.
2. Click "stake" button,
3. Choose “regular staking”
4. Click a plus in the upper right corner.
5. After that, you need only to choose the validator and decide what amount of tokens you want to stake.
6. Click the button “next.” That is all.
7. You just have staked your tokens.
Liquid Staking in Nightly Wallet
1. Choose NEAR or Solana for liquid staking.
2. Click "stake" button,
3. Choose “liquid staking”.
4. Click a plus in the upper right corner.
5. After that, you need only to choose the validator and decide what amount of tokens you want to stake.
6. Click the button “next.” That is all.
7. You just have staked your tokens.
It is a piece of cake, isn’t it? Now you're ready to stake yourself!
Download Nightly and let your tokens work for you.
nightly.app/download