Staking crypto is a common concept in the cryptocurrency world, but what exactly does it mean? For those new to the crypto world, staking refers to the practice of locking up tokens to ensure the security of a network in exchange for financial rewards.
Undoubtedly, earning passive rewards sounds excellent, but it has just gotten even more exciting with Metacade’s latest staking pool. Read on to discover how investors can generate double-digit returns passively.
Metacade’s new staking pool amasses +400 million MCADE tokens
Metacade staking V2 has taken the crypto community by storm: over 400 million MCADE tokens were staked in only 24 hours. It succeeded the platform’s staking V1, which closed with 250 million MCADE staked for six months for 40% AAR (average annual return rate).
For staking V2, the crypto rewards are calculated at a 25% AAR, and the tokens will be staked for six months. Metacade has also promised other rewards for staking cryptos – such as a lifetime Metacad
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