APY: 5.61% Where to Stake: Solflare (non-custodial), Marinade Finance (obtain mSOL for liquidity), Binance (custodial) Where to Buy: Binance Cryptocom staking Any number of users set aside part of their stake in order for new blocks to generate. They lock up part of their stake for a certain period of time (security deposit). Then they get a chance to select the next block proportional to their amount of staking.
If you wish to stake crypto, you’ll need to check to confirm that the CEX or wallet provider you use offers staking functionality. Once you confirm that staking is available, you should transfer the funds to the relevant platform, if you have not done so already (in the event you’re sending funds from an external wallet that does not offer staking). Lock-up With Crypto.com Earn Figure 7: PoS blockchain stake rate
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