Good morning Superstars,

The term staking covers a litany of different options, each with its nuances.

It’s probably a good idea for us to have a quick look-see.

So grab your peppercorn sauce, and let’s tuck in.

• 🧛 Staking...But I Don't Want to Kill Vampires

• 🥩 Pools of Steak...No...Stake Pools

• 🏊 What is a Liquidity Pool? Aren't All Pools Wet?

What Is Staking?

Staking involves locking your crypto assets in a stake pool to help secure a Proof-of-Stake blockchain in exchange for rewards (a passive income).

So, stake your crypto and earn more back... simple?

Well, yes, but there are some caveats (depending on the cryptocurrency in question).Some PoS blockchains require staked coins to be locked for a certain period; although they can usually be unstaked, it is not always immediate. The value of your rewards earned (APY), the lock-in period, and the amount you need to stake vary depending on the crypto in question.

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What Features Are Found on LonghornFX?

LonghornFX is a powerful system that allows experienced traders to easily implement their strategies. MT4 is an advanced platform that offers versatile tools and an intuitive interface.Key features include:

• VPS hosting

• Copytrading

• Nine timeframes

• One-click trading

• Hedging & scalping

• Customizable signals

• AI-based automation

• 30 technical indicators

Pools of Steak? No, Stake Pools!

A pool operator manages a stake pool, and the stakeholders that join the pool must lock their coins in a specific blockchain address (or wallet).

Types of Staking:

• Custodial. Kept in a third parties wallet such as many CeFi platforms.

• Non-Custodial. Kept in a user's own DeFi wallet, e.g., Cardano

A staking pool allows multiple stakeholders to combine their computational resources to increase their chances of being rewarded.

Remember the old saying, not your keys, not your coins.

(In layman's terms, if it's not in your wallet, you're not in control...FTX ring any bells?)

What Is a Liquidity Pool? Shall We Go for a Swim?

In short, liquidity refers to having enough of each cryptocurrency on an exchange to meet demand.If an exchange has low liquidity, it could be difficult to complete your transaction.

This is where Liquidity Pools come in!

Automated market maker DEXs (AMM) allow on-chain trading without needing a centralized order book exchange (e.g., Binance).Users can get in and out of trades on token pairs that could be highly illiquid on order book exchanges.

Rather than a buyer waiting to be matched with a seller (or vice versa), liquidity providers will have built up the pool of the token pair (at a predetermined ratio), so anyone wishing to trade that token pair will use the pool to make their transaction.

Some of the extra applications liquidity pools allow users (apart from just trading) include:

• Liquidity Farming

• Yield Farming

• Governance

• Insurance

• Tranching and Minting Synthetic Assets

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Thanks for joining us.

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See you later for more crypto fun!