#Staking explained in simple terms. Let's dive 👇 🔸Staking is very similar to depositing your money in your bank account. 🔹As you get a certain rate of interest on your deposits, in staking you also get a certain rate of interest credited in the respective tokens you have staked. 🤑 🔸Staking is an opportunity in which you add your crypto holdings to a smart contract and in exchange you are rewarded with additional coins/tokens and other additional benefits. 💸 🔹The reward is usually rewarded as a percentage (%) of the crypto held in that staking platform. So the longer you stake your coins/tokens, the more rewards you will get.💰 🔸Listen to one of our GARI Network community member Leaxons explaining about staking in his words👇 https://twitter.com/_leaxons_/status/1600424528911667200 🔹The two main reasons people stake their tokens: 1. To get an additional source of income: Staking helps you to get an additional source of income as and when you stake the coins or tokens to earn you an APY or Annual Percentage Yield. 2. To utilise the unused and free lying funds: It also works when you have certain amount of unused funds in your wallet and you don't want to sell them because you have a belief that they will grow. So you can stake them for getting additional returns. 🥳 #GariStaking is coming pretty soon and you can stake your unutilised GARI Tokens to earn more. Stay tuned for more details. This is what staking is all about and if you have any further questions/queries on staking, comment below 👇