Staking is a way of participating in the Ambire ecosystem, while simultaneously earning generous rewards.
The short explanation for staking is that it represents a simple way to earn rewards by locking a certain amount of tokens or coins in a pool. Staking is an excellent way to encourage token holders to participate in and get involved with the Ambire ecosystem and helps them earn rewards in the process.
In order to participate in staking and get rewards, you are required to lock up a certain amount of $WALLET tokens, as explained in this article. Each bond has a minimum duration of 30 days and your funds will only be unlocked after those 30 days have passed.
Staking is a great way of making your cryptocurrency “work” for you and bring you passive income.