Staking and Savings on ICBroker.com: Everything You Need to Know
IC Broker offers several ways to stake or liquidity mining your cryptocurrency.
What is ICBroker stake Platform?
In many ways, staking your crypto with a specific Proof of Stake mechanism is the equivalent of PoW mining as it contributes to the security and operations of that network.
However, unlike mining, staking is less resource-intensive as all that is required is for you to lock your cryptocurrencies in a staking wallet while you receive rewards in return.
Staking works with proof of stake blockchain networks that rely on validators who lock their coins to get a chance of being randomly selected to validate new blocks on the blockchain.
The process is way simpler than mining on the PoW network as most staking options allow you to simply stake from your wallet or you can even stake your coins straight from the ICB wallet, as is the case with ICBROKER.
What is Liquidity mining?
Liquidity mining, also called yield farming, is a network participation strategy that allows you to provide liquidity (capital) to a liquidity pool on a Decentralized Exchange (DEX). In return, you receive a reward from the specific liquidity pool to which you provided liquidity.
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