LESSON 5 — Staking Crypto (WX Network)
Learn how staking works and how to earn passively.
Lesson Goal
By the end of this lesson, you’ll understand what staking is, how it works on the WX Network, and the basic risks involved.
What Is Staking?
Staking means locking up your crypto to help support a blockchain or protocol.
In return, you earn rewards over time.
Staking is often compared to earning interest, but it works differently and carries risk.
Why People Stake Crypto
People stake crypto to:
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Earn passive rewards
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Support a network
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Put idle tokens to work
Staking rewards usually depend on:
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The token
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The amount staked
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How long it is locked
How Staking Works on WX Network
On the WX Network:
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You choose a staking pool or option
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You lock your tokens
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Rewards are earned over time
Some staking options allow you to:
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Unstake anytime
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Or require a lock-up period
Always check the terms before staking.
Rewards & Lock-Ups
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Important things to understand:
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Rewards are not guaranteed
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Lock-up periods may apply
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Early unstaking may not be possible
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Never stake tokens you may need urgently.
Risks of Staking
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Staking is not risk-free:
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Token prices can drop
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Smart contract risks exist
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Locked tokens can’t be used elsewhere
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Only stake what you can afford to lock away.
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Risks of Staking
Lesson Complete
You now understand what staking is and how staking works on the WX Network.