Take a look at what Staking is.
As a matter of fact, crypto staking has witnessed a prolific rise in recent times with occasional surges in the number of users staking cryptocurrency for earning yield farming rewards or fixed interest. Furthermore, the number of miners associated with PoW or proof-of-work blockchain networks has started to reduce drastically. It is a process in which users would lock their funds in a cryptocurrency wallet for participating in the maintenance of operations on a Proof-of-Stake or PoS-based blockchain network. You can find some similarities between staking and crypto mining as both of them help in achieving consensus. At the same time, both staking and mining involve rewards for participating users. Staking crypto is almost the same as depositing money in a bank for earning interest or the rewards for deposits. The foremost advantage of crypto staking is the opportunity for earning more crypto in comparison to mining. You can discover some of the most generous interest rates with crypto staking ranging up to 10% or 20% annually. It also presents a conclusively profitable approach for investing crypto assets for better returns.