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Loopring Staking is Live

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by COINS NEWS 53 Views

You can stake a minimum of 1000 LRC using the Loopring app, it's under the same section as Dual Investment and AMM pool, There are no rewards yet, but they are expected to start in April, its still unknown what the rewards are yet but early birds are expected to get more as there will be fewer people to share the reward.

I think if you're not going to day trade, it might be worth doing and it’s also safer. You can withdraw from the stake at any time, but if you do this before 90 days, you forfeit your reward. Staking is a way of supporting the operation of a blockchain and earning more cryptocurrency in return for locking up your crypto assets for a set period of time.

I think looping is still doing pretty well and with the recent Taiko test net, they are quietly developing in the background. I do wish they would put more effort into marketing.

submitted by /u/neo101b
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