The world of cryptocurrency staking is set to undergo significant changes in the coming years. One example is WagyuSwap, a recently launched decentralized exchange on the Velas blockchain with native staking support. Holders of $WAG tokens will earn different types of rewards through “The Great Steak” – an industry first. High Staking APYs Remain Appealing When users seek to stake their favorite crypt assets, they want to maximize their yield as quickly as possible. At the current industry average of 10.44%, there is a solid reason to explore currencies supporting proof-of-stake. Another option is using staking platforms that provide similar functionality to more currencies, even though that might yield lower earnings. When opting for external providers, those with the highest APY will often win out. Users are compelled to use exchanges, as they can also store their crypto there. Coinbase and Binance are popular options on the “ease of use” front, even if their APY might not be the highest. However, an APY of up to 120% through a DeFi platform like SWAPP Protocol is hard to pass upon – But the dangers are, of course, fluctuation and untrustworthy platforms with no history. However, there is still room for innovation and change in the world of cryptocurrency staking. The WagyuSwap team has, after bringing the first DEX to Velas, introduced “The Great Steak.” It is in line with the...
