Staking

Staking is an alternative to crypto mining. It consists of holding cryptocurrency in a digital wallet to support a specific blockchain network’s security and operations. By ‘locking’ or putting away the cryptocurrencies, users can receive staking rewards. Rather than solving complex mathematical puzzles to keep the network secure, the EVAM mechanism stimulates users to strengthen the blockchain network in exchange for a reward in the form of crypto.

This reward also serves as an interest. The EVAM mechanism allows users to generate a passive income only by holding coins as they earn crypto.

Typically, validators are selected to produce the next block based on the size and the average period it holds of their stake. Although there are other functions to prevent a front-running consensus, a larger stake usually gives users a higher chance of producing the blockchain’s next block. Proposed blocks by validators are then propagated to the rest of the set, who verify and add the blockchain’s approved block.

Users can generate passive income by staking their NFTS & tokens in the Pool section. Each pool has different APYs. The process is fast & easy.

➔ Go to the Pools page

➔ Connect to your Binance Smart Chain-compatible wallet

➔ Choose which Pool you want to stake in.

➔ Once you choose a pool, your wallet will ask you to confirm the action.

➔ Type the amount EVAM you want to stake.

➔ The pools will show a Collect button to claim your staking rewards into your wallet.

Farming

Yield farming allows the token holders to generate passive income by locking their funds into a lending pool for some interests as a return. While crypto staking involves a validator who locks up their coins, they can be randomly selected by the Proof of stake (EVAM) protocol at specific intervals to create a block

Yield farming is a practice allowing yield farmers to earn rewards by staking ERC-20 tokens and stable coins in exchange to support the Defi ecosystem. Yield farming, also known as liquidity mining, involves depositing and lending crypto underlying a mining mechanism to liquidate the liquidity pool for lucrative rewards

While yield farming is comparably similar to staking’s concept, there is an underline complexity associated with this mechanism. Contrary to crypto staking, yield farmers usually move their digital assets from one lending market to another in search of the highest yields.

Yield farming is never a standalone mechanism. It usually involves extensive participation of the automated market makers (AMM) — the liquidity providers (LP) that add funds to the liquidity pool from time to time to uphold the ecosystem. The resemblance of the staking concept allows LP to earn rewards by facilitating transactions in a blockchain network.

Users can deposit their LP tokens into one of Evameta Finance Farms and generate transaction fees and rewards.