#876 new

Why have decentralized staking apps become a roaring success in the DeFi space

Reported by rachelgrace | October 14th, 2022 @ 03:04 AM

DeFi is slowly starting to replace traditional financial services. Decentralized staking apps have become a roaring success in the past few years. It offers the users to stake their cryptocurrencies in the platform to yield interest and governance tokens.

As staking apps allow users to lend and borrow funds instantly with little authentication, it provides high liquidity and utility to multitude of crypto users. Users can have complete transparency and access to transactions as the platform is built with smart contracts.

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