Most crypto holders are often on the lookout for how to grow their digital assets with as little risk as possible. One method which reduces this risk significantly is crypto staking. In this article, we’ll look at how crypto staking works and how Oyola is offering a reward programme without any risk to users’ assets.

Understanding Crypto Staking

Crypto staking is a process that enables cryptocurrency holders to participate in two key aspects of a blockchain network, i.e. validation and security. As opposed to traditional mining, which requires powerful hardware and energy consumption, crypto staking involves holding and “staking” a certain amount of tokens via a compatible wallet.

The Mechanics of Staking & Oyola’s Reward Programme

Staking your crypto asset contributes to the operation and security of the network in question. When you stake your crypto asset, you earn rewards which are in the form of extra tokens. Rewards are dependent on the blockchain’s staking protocol and take into account factors such as the total amount of coins you hold and how long you plan to stake. On Oyola, you don’t need to stake your crypto assets. All you need to do is hold USDT in your Oyola wallet and you can benefit from the 5% APY reward programme.

Benefits of Oyola’s 5% APY Reward Programme

• Passive Income: You can earn rewards by simply holding your USDT in your Oyola wallet, thus generating consistent rewards over time.
• Lower Selling Pressure: Holding USDT involves leaving your coins in your wallet and this ultimately reduces the immediate need to sell your crypto asset as you are able to earn rewards daily.

Reasons Why Oyola’s Reward Programme is Better Than Crypto Staking:

• Lock-up Period: Oyola does not implement a lock-up period for your crypto assets, unlike other staking protocols which have a lock-up period during which you cannot freely access and transfer out your staked crypto assets.
• Network Risks: As Oyola is a P2P crypto trading platform, there is no risk of a security breach, as opposed to other staking protocols which rely fully on the security and stability of the blockchain network in question.

In conclusion, while crypto staking is an opportunity to carry out functions that are crucial to the blockchain network and get rewarded for it, it still comes with its own downsides. Take advantage of the reward program on Oyola and earn a 5% APY when you hold USDT in your Oyola wallet. Visit www.oyola.io to get started.