How is AVAX used for staking and governance?

How is AVAX used for staking and governance?

Blog Article

Staking AVAX allows users to participate in the Avalanche network's validation process. By staking their AVAX tokens, holders contribute to securing the network while earning rewards in the form of additional AVAX tokens. The more tokens staked, the greater the chance of being selected as a validator. AVAX holders can also engage in governance decisions, influencing key protocol upgrades and changes within the network. Staking AVAX not only supports the network but can also be a profitable venture, depending on market conditions. To understand how staking rewards might fluctuate, keep track of the AVAX price.