What are rewards from staking on Synthetix ?
Staking on Synthetix is a way for users to earn rewards for helping to secure the network.
Stakers are rewarded with SNX tokens, which can be used to pay fees on the Synthetix platform or traded on exchanges. The rewards from staking on Synthetix depend on the amount of SNX tokens staked and the length of time they are staked for. Generally, the more SNX tokens that are staked and the longer they are staked, the higher the rewards will be.
Rewards are paid out in SNX tokens at regular intervals, usually every two weeks. In addition to earning rewards from staking, users can also earn additional rewards by participating in governance activities such as voting on proposals or participating in discussions about network upgrades. These activities help ensure that the network remains secure and up-to-date with new features and improvements.
Overall, staking on Synthetix is a great way for users to earn rewards while helping to secure and improve the network.
