My Nguyen

Jul 8, 2021

4 min read

Staking Cardano ($ADA) 101

Sourced — The Independent

Earning passive income via staking your crypto has become extremely popular, especially during times like right now where everything is chilling and BTC is acting almost like a stable coin with very little movement.

In the last few months, I have been staking my ADA through Binance with a 2-month locked-in period, with an APY of 7.79% which is very high compared to the standard 5–5.5% through other staking providers.