Staking-as-a-Service refers to a model where a third-party provider manages the staking process on behalf of users. Staking involves locking up tokens in a blockchain network to support operations like validating transactions, which can earn rewards.With Staking-as-a-Service, individuals don’t need to run their own nodes or handle the technical aspects of staking. Instead, they delegate their tokens to a service provider. This service provider pools tokens from multiple users, increasing the chances of earning rewards due to a larger combined stake.Users benefit from this model by gaining access to staking rewards without the hassle of maintaining infrastructure or understanding complex processes. Additionally, these services often provide user-friendly interfaces, making it easy for anyone to participate.However, it’s important to choose reputable providers, as they manage the staked assets and could be a point of risk. Overall, Staking-as-a-Service simplifies participation in staking for those who may lack the technical knowledge or resources to do it independently.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to