How Annual Percentage Yield (APY) Works in Staking Platforms
Imagine your cryptocurrency growing quietly in the background while you’re busy with other things—sounds great, right? That’s exactly what staking does. By staking your digital assets on a platform like Exbix, you’re essentially loaning them to the network to help keep things running—secure transactions, verify blocks, and power the blockchain. In return, you earn rewards, usually expressed as APY, or Annual Percentage Yield.