Staking involves holding and locking up a certain amount of cryptocurrency to support a blockchain network and earn rewards. Here's how you can stake different coins:
Staking eGLD:
Acquire the amount of eGLD you want to stake by purchasing it on a cryptocurrency exchange or from a payment processor.
Choose a staking provider and stake your funds in their pool.
Earn rewards based on the Annual Percentage Rate (APR) provided by the selected staking provider.
Staking ESDTs on MultiversX:
Connect your wallet to xExchange.
Go to Metastaking, select the amount you want to stake, and sign the stake transaction.
Shortly after, you'll start receiving rewards for your staked ESDTs