DeFi staking, short for decentralized finance staking, involves users locking up their cryptocurrencies in smart contracts to support the operations of a blockchain network and earn rewards. Stakers contribute to the network's security and validate transactions, receiving a portion of newly created tokens as incentives. This process enhances decentralization and liquidity. DeFi staking works through smart contracts, automating reward distribution based on predefined rules.
If you need help optimizing your staking strategy or exploring DeFi opportunities, You can contact a leading Defi development company Bitdeal, they offer top-notch Defi staking Platform Development services.
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