Most crypto investors have heard of staking. It is a way how many crypto projects, including Electra Protocol, verify their transactions, and it allows participants to get XEP rewards (the native currency of the blockchain) on their holdings. Staking XEP is a process that involves committing own XEP crypto assets to support the Electra Protocol blockchain network and confirm transactions.
Staking is available for Electra Protocol, since it relies on the proof-of-stake model to process payments. This is very energy-efficient alternative to the proof-of-work model, which requires mining devices that use a lot of computing power to solve mathematical equations.
Staking XEP coins is a great way to use crypto holdings for generating rewards. On the Electra Protocol blockchain they are 3% XEP APY (why this value has been chosen). Before you get started with XEP staking, it’s important to fully understand how crypto staking works.