Raffaele
Mon Oct 14 2024
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6 answers
1268
How does DAI staking work?
DAI staking involves locking up DAI tokens in a smart contract to earn rewards. Stakers are rewarded with newly minted DAI tokens, which are distributed based on their staking balance. The staking process helps to secure the MakerDAO system and maintain the stability of DAI. By staking, users can passively grow their DAI holdings while contributing to the decentralized finance ecosystem.
