With cryptocurrencies that use the proof-of-stake model, staking is how new transactions are added to the blockchain.
First, participants pledge their coins to the cryptocurrency protocol. From those participants, the protocol chooses validators to confirm blocks of transactions. The more coins you pledge, the more likely you are to be chosen as a validator.
Every time a block is added to the blockchain, new cryptocurrency coins are minted and distributed as staking rewards to that block's validator. In most cases, the rewards are the same type of cryptocurrency that participants are staking.
To put it simply, you can “stake” some of your holdings and earn a percentage-rate reward over time.
We have the goal to bring you as many income-producing investment opportunities as we safely can. This means that we list many Metaverse coins that produce an income from Staking.
We do the hard work for you and Steak your cryptos in different staking pools, so that you can just sit back and earn the high APYs.
What happens in the background?
When you buy your Metaverse coin on Proptee, we automatically Stake your coin into a staking pool. This starts to earn passive income right away. We claim these rewards every week and distribute them back to you after fees.
When you sell Metaverse coins, we automatically remove them from the Staking pool.