Explore staking across Renegade
What Is Staking?
As with many concepts in the world of cryptocurrencies, staking can seem either complex or simple, depending on how deeply you wish to explore it. In simple terms, staking means earning rewards for holding certain cryptocurrencies. For many users, that’s enough to get started. However, even if your goal is just to generate passive income, it’s worth understanding how this mechanism works and why it plays such an important role in the crypto ecosystem.
How Does Staking Work?
If you own cryptocurrencies that support staking, such as Ethereum, Cardano, Solana, Tezos, Cosmos, and others, you can “put them to work” and receive periodic rewards. This happens because networks that use staking rely on a consensus mechanism called Proof of Stake (PoS). Instead of depending on banks or external processors, these blockchains validate and secure transactions through the funds provided by participants. When you stake your assets, they become an active part of that validation process.
Make your crypto work for you and earn up to 21% APY.
Advantages of Staking
For many long-term investors, staking is a smart way to earn passive returns while supporting the projects they believe in. Instead of letting coins sit idle in a wallet, staking allows you to generate consistent rewards. In addition, by staking, you help strengthen the network, increasing its security and improving its capacity to process transactions efficiently.
Risks of Staking
Staking is not without risk. It usually involves a lockup period, also known as vesting, during which your cryptocurrencies cannot be transferred or sold. This means that if the market changes suddenly, you won’t be able to react immediately. That is why it’s important to review the specific terms and conditions of each project before participating.
How to Start Staking
Anyone can participate in staking, although becoming a full validator requires technical expertise, a minimum number of tokens, and a dedicated computer that runs continuously. Fortunately, with the Renegade App, you can easily start staking by contributing any amount you want, without needing expensive validation hardware. Staking is available to most Renegade users, giving you a simple, secure, and accessible way to earn rewards.
Getting Started with Renegade
Start staking with Renegade today and unlock the full potential of your stablecoins. For a detailed walkthrough, watch our instructional video:
Steps to Stake on Renegade
- Go to Vault and click Stake.
- Select BNB Smart Chain.
- Choose the asset you want to use.
- Enter the amount you want to stake.
- Choose your lockup period.
- Review the transaction details.
- Confirm the transaction or stake.
Available Returns
1 month: 15% APY
3 months: 16% APY
6 months: 18% APY
1 year: up to 21% APY
From the app, you can easily view and manage all your stakes, including active, completed and ongoing ones.
Check us out on our socials below to keep updated!
Instagram | X | Telegram | LinkedIn | Website | TikTok
This article is for informational and educational purposes only and does not constitute financial, legal, or professional advice, nor does it imply any recommendation. It may contain links to third party websites outside Renegade’s control, and their inclusion does not imply endorsement. The views expressed are those of the author and do not necessarily reflect those of Renegade. Digital asset prices are volatile; you are solely responsible for your decisions, and Renegade assumes no liability for any losses.
