Lido Finance announced plans to offer ETH staking services throughout the entire L2 network, provided...
Staking allows a cryptocurrency holder to lock his coins in a system to participate and help maintain its operations. It works for blockchains that have integrated a proof of stake (PoS) system. Through staking, you help a system maintain its liquidity and also get rewards as a result.
Crypto staking is gaining popularity worldwide because it provides effectiveness and security to the blockchain network in exchange for incentives without wasting resources.