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Staking

What does Staking means?

It’s a process where people use their tokens to contribute to rewarding block validation for a fixed period; it applies to Proof of stake (PoS) blockchains. Many people stake their digital assets to earn passive income since they earn a commission for every validation. Due to its support for PoS, Solana supports token staking.

Random Slangs

Vault

A more secure digital storage for crypto assets. A vault is like a crypto wallet but has extra security features that let you delay a

Asset

Another way to refer to a digital collectible or token.

Bot

A bot is an automated program bearing instructions to execute a specific task. Discord bots are good examples of how the NFT community uses bots

Degen

Short for “degenerate”, usually refers to people who often make risky bets. In the crypto space, it usually refers to people who invest in digital assets like NFTs by “ape-ing” in and without doing due diligence.

Governance tokens

These are specialized tokens created by developers to oversee the outcome of a decentralized protocol. It defines token ownership. People that hold governance tokens have

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