What is Staking?
Staking is earning rewards when you hold a particular crypto or lock it on a platform. Users are incentivised to stake to earn crypto rewards, while staking helps secure a network through a Proof-of-Stake (as opposed to a Proof-of-Work) mechanism. The rewards for staking are denoted in terms of APY. The best staking campaigns highlights the best staking opportunities you shouldn't miss!
Stake with Native dApps
Stake and earn crypto staking rewards with BNB Chain dApps. Your staked tokens help secure the network while you also earn tokens for doing so. A token issued by a dApp makes that dApp a native dApp. For example, the CAKE token is native to the PancakeSwap dApp. Staking on a native dApp has its advantages in high APY and you generally earn the token you stake.
Stake BNB and Earn
Do you have BNB and are looking to make the most of it? Stake BNB with these best staking campaigns and earn staking rewards and incentives. Additionally, pStake, Ankr, and Stadr offer BNB liquid staking which means you earn higher rewards and can withdraw your BNB at any time.
Newest Staking dApps
Check out the latest staking options launched recently on BNB Chain. With the launch of Wombex and Magpie, users have more staking and reward-earning options. Be one of the first few to stake and maximize your staking APY today!
Bonus Content: Upcoming IDOs
Follow the latest IDO or Initial DEX Offerings on BNB Chain and don’t miss a beat. Participate in upcoming and ongoing IDOs on BNB Chain.
Fun Fact: Did you know that you can also stake NFTs such as Alpies on BNB Chain and earn with dApps such as Alpaca Finance? You heard it first here on DappBay.
What does APY mean?
APY is Annual Percentage Yield. It denotes the return (in percentage) you can expect when you stake tokens for a year. An APY of 10% means you get a return of 10 tokens on every 100 tokens staked. Use APY to compare how much you could make staking different tokens across different dApps on BNB Chain. The total number of tokens staked has an impact on the APY. More tokens staked means lower yields and vice-versa.
What is a good APY?
In crypto, APYs can range from 0.01% to 999999% (and even higher). While it can be incentivising to stake in high APY dApps, a high APY isn’t always necessarily a good thing. A high APY could be indicative of inflationary tokenomics and has higher risks associated with investing in such dApps. A good APY depends on the quality of projects, the tokenomics, demand for the token, staking period, and other factors.
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Disclaimer: DappBay is an open platform for all developers building on BNB Chain to display their projects. Description and information on Dapps listed on DappBay are directly provided by the developers of the respective project. Projects featured on DappBay are not recommended, vetted or endorsed by BNB Chain Labs, BNB Foundation or any other affiliated entity. Do your own research - you are solely responsible for your investment decisions and your use of any project featured on DappBay is at your own risk. The material available in DappBay should not be construed as financial advice.