Pluang Launches Bitcoin Staking via Stacks in 19 Days
Bitcoin staking via Stacks is set to launch in 19 days, offering users a chance to earn a 3% Annual Percentage Yield (APY) without having to give up custody of their BTC.
The service will be provided by Pluang, a financial application that allows Indonesians to invest in various asset classes through easy and secure micro-investment products.
Staking is the process of holding onto your cryptocurrency assets with the expectation of earning rewards or interest. In this case, users can earn 3% APY on their BTC by staking it via Stacks without having to transfer ownership.