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Bitcoin Staking And Market Activity Point To Major Growth Potential

Tags: new
DATE POSTED:September 23, 2024

Bitcoin staking, a concept that might have seemed unusual in the past, is quickly gaining traction as a new way to earn yield on BTC holdings.

Through Bitcoin staking, users deposit BTC into a protocol and receive Liquid Staking Tokens (LSTs) in return. While the BTC remains locked, the LSTs can be used in DeFi markets, allowing users to earn rewards while maintaining liquidity.

1/ Bitcoin staking might sound unusual, but it could become the next big thing for earning yield on your BTC.

Here’s what you should know

Tags: new