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Author: Admin | 2025-04-28
Do you have some ADA tokens sitting around? The good news is that now you can use them for passive income!No necessity for technical or crypto market expertise! Staking allows you to get rewards by simply holding your ADA. In this article, we venture through everything about staking on Cardano explaining how it works, and suggesting the top platforms to help you start!What is Cardano (ADA) Staking?Cardano (ADA) is a blockchain platform that is one of the biggest cryptocurrencies by market cap. Cardano uses proof-of-stake protocol to validate transactions and allow users to stake their crypto for rewards.But what is Cardano staking? Cardano staking is like earning interest on your ADA coins. You lock your tokens up for a period to help secure the network and get extra tokens in return.How Does Cardano (ADA) Staking Work?Cardano staking works by delegating your ADA to a stake pool. This pool participates in the network's consensus protocol on your behalf. When the pool performs well, you share in the rewards it earns.Learn more about staking with our beginner's guide.What are the ADA stake rewards? ADA staking rate is around 2.98% annually. Rewards are distributed every epoch, which is roughly every five days. Cardano staking APY is around 3% for now, but it can change due to the network conditions, ADA price, and the stake pool you use.But how to stake ADA exactly? Well, it’s actually rather simple and you can quickly do it on most crypto exchanges. These are the steps of how
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