Quote Originally Posted by lardy View Post
What does staking mean?
Looking at it in simple terms - it's like earning interest in a bank. When you have a high interest rate in a bank the money is usually locked in for a set period of time.
You can do similar with most cryptocurrencies nowadays. Most are locked in for a specific time (although not all coins) and you earn rewards which get paid into your storage wallet. Usually, the rewards are the native coin that you are staking.
Way higher than any bank could ever offer.