DeFi is opening up new opportunities for corporations and retail alike to make additional income, at a time when businesses are strapped for cash. DeFi is a new financial ecosystem that is being developed on top of blockchain technology, allowing users to earn revenue by providing liquidity to the market. The main idea behind DeFi is to make finance more accessible, transparent, and efficient for all parties involved in it. Many blockchains thrive on a Proof-of-Stake mechanism, where token holders participate in the blockchain by helping validate transactions, run nodes, and secure the network. Participating in the network’s activity often yields certain returns. Enterprises Globally Will Take Full Advantage of DeFi Staking The benefits of staking are not limited just to the individual. It can also provide a lot of benefits to an enterprise. Staking is a process where an individual or company locks its crypto holdings for a specific period of time. Oftentimes staking will take place in order to secure the network, with some of the network gas fees going to stakes. This process provides additional revenue for both parties involved in the transaction either way, which is why it will become so popular among enterprises. With large amounts of capital, enterprises could earn a considerable amount of interest. Staking offers a much higher APY than a traditional savings account, sometimes over double digits. For example, Ankr current...
Coinbase Challenges WBTC Delisting Lawsuit
