Welcome to StakePark, where web3 and the world comes to learn how to stake!
What is staking? 🤷♂️
Staking is when a crypto holder locks up their coins (like ETH) to help keep the blockchain network operating. Your coins are used in the validation process, help keep it decentralized, and are then rewarded with additional coins or tokens, known as staking rewards, for participating!
We like to think staking as the savings account from the future.
But… why would I want to learn how to stake?
There are several great reasons why you should learn how to stake cryptocurrency:
- Earn passive income: Staking cryptocurrency can be a way to earn passive income, as you can earn rewards for simply holding and staking your coins.
- Support the network: By staking your cryptocurrency, you are helping to support the network and ensure its security. This is critical for proof-of-stake (PoS) cryptocurrencies, which rely on users staking their coins to maintain the network and keep it decentralized.
- Trust no one: Staking your cryptocurrency natively is a safer option than holding cryptocurrency on a centralized exchange, which is more vulnerable to hacking or failure from counter-party risk.
Learn how to Stake Guides
What is Ethereum Staking?
Ethereum staking is a process that allows you to earn rewards for helping maintain the Ethereum blockchain. It’s similar to mining, but instead of solving complex math problems with your computer’s GPU, you simply deposit and enter staking contracts via liquid staking protocols or delegators. See also: what is liquid staking? Benefits of Ethereum Staking […]
Staking ETH with Coinbase Wallet + Lido
Hey Stakers! Got another beginner-friendly guide for those wanting to learn how to natively stake Ethereum (ETH) using the Coinbase (self-custody) Wallet. This time we’ll be using Lido, the liquid staking leader (with approx. 30% of the liquid staking market) and StakeBoard (our staking dashboard app) to keep tabs on it. Lido combined with Coinbase […]
What is liquid staking?
Liquid staking is a relatively new way for holders to earn yield or interest (via staking rewards) without having to lock up their assets, as is with traditional staking. New to staking? We want to teach everyone to stake! Learn what is staking and check out our other (pretty easy to follow) guides! Staking has […]
Why do people stake?
Staking, in our opinion, is the next generation of savings accounts enabled by cryptocurrency. It’s an easy way to secure your stakable assets and rest easy knowing it is growing passively. But don’t just take our word for it. StakingRewards, a leader in tracking staking rewards, surveyed their large (and, let’s admit, savvy) user base, […]
Why 2023 is the year of staking
A short essay on why we believe 2023 is the year staking goes mainstream… A network relies on validators to ensure the blockchain is running 24/7 and operating without any risk or fraud. This is done by using consensus mechanisms – constructs that agree to a particular record, or set of records. And staking is […]
Why should you stake?
Staking cryptocurrency is a comparatively new way of participating in a crypto network. Previously, participation was primarily limited to those who could contribute hardware, electricity or computational power via Proof-of-Work mining to ensure network security while earning rewards, but now it’s open to all thanks to Proof-of-Stake blockchains. All you need is the cryptocurrency itself. […]
What is a crypto wallet?
In short, a cryptocurrency wallet is a digital wallet that allows you to store, send, and receive various cryptocurrencies such as Bitcoin or Ethereum. It is a software program that interacts with various blockchain networks, enabling you to send and receive digital currency and monitor your balance. Crypto wallets are key to web3, as they […]
What is cold staking?
First, let’s define what a hot wallet and a cold wallet is Cold wallets are named because you use them offline or are hardware secured. Hot wallets are ones that are connected to the internet. MetaMask, Exodus, and Coinbase Wallet are all considered hot wallets. A hot wallet is the most popular configuration as it […]
Can you stake Bitcoin?
No, you cannot stake Bitcoin. Bitcoin is a proof-of-work cryptocurrency, meaning miners are the ones who validate and secure the network (and earn mining rewards for doing so). Proof-of-stake cryptos, like Ethereum, uses staked funds to validate new transactions and keep the network alive and running (and earn staking rewards for doing so). So, no, […]
Staking ETH with MetaMask
What you’ll need: That’s it! You’re now staking. Come back and check on your active stake anytime with StakeBoard. Later, staker!