The Power of Defi and Crypto Staking

Michael Ygaña
2 min readMar 9, 2022

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What is Staking?

Photo by Alesia Kozik from Pexels

Crypto staking is the process of holding a cryptocurrency in a wallet to generate rewards. The coin you hold is used to verify and secure transactions on the network, and as an incentive, you are rewarded with new coins. Staking can be done with any number of cryptocurrencies, but most people stake Bitcoin, Ethereum, or Litecoin because they have the highest rewards. You can also stake different cryptocurrencies together to increase your rewards.

What is MATIC?

Matic is a decentralised platform that enables instant payments with very low fees and scalability to support high transaction volume. Built on the Ethereum network, Matic aims to bring blockchain technology to the mainstream by providing an easy-to-use platform that can be used by anyone. In this way, it bridges the gap between traditional financial systems and the world of blockchain-based cryptocurrencies.

What is MATICFomo?

The MATICFomo smart-contract provides the opportunity to invest any amount of MATIC in the contract. Get 112% to 292% return on investment in 14 to 28 days (from 8% to 13.71% daily). Min. deposit: 5 MATIC and no max. limit. Investors can withdraw the profit without any fee.

Join Now and Earn passive income

This article may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. I won’t put anything here that I haven’t verified and/or personally used myself.

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Michael Ygaña
Michael Ygaña

Written by Michael Ygaña

I write all about my realization and lessons I learn everyday

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