Wallet-linked staking refers to a process where users can earn rewards by participating in a network’s consensus mechanism through their cryptocurrency wallets. Instead of transferring their tokens to a separate staking platform, users keep their assets in their own wallets and stake them directly from there. This method enhances security, as users maintain control over their funds. Wallet-linked staking often utilizes smart contracts, allowing for automated processes that ensure transparency and efficiency. Participants typically lock up a certain amount of their tokens for a specified period. In return, they earn rewards, which may come in the form of additional tokens or other benefits. Overall, wallet-linked staking provides a balance between earning rewards and maintaining control over digital assets, making it an appealing option for many users looking to engage in staking activities.
DeFi Dev Corp. Acquires Additional 86,000 SOL in $9.6 Million Purchase
DeFi Development Corp. has acquired 86,307 Solana (SOL) tokens at an average price of $110.91 each, increasing its total SOL