Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
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- What is Dogecoin?
Dogecoin is a decentralized cryptocurrency based on the doge meme.
Dogecoin is not run by any individual company or person. Technically speaking, it operates according to rules agreed by consensus, rather than decided upon by some founding or owning entity.
- How to Stake DOGE?
There is currently only a lending option available from custodial lending providers such as Nexo.
- How much can I earn Staking DOGE?
Currently, the rates are relatively low for lending DOGE with custodial providers, an example being Nexo with a 1% APY.
- Any risks to Staking DOGE?
There is a counterparty risk associated with lending to a custodial provider, you should consider the reputation and long term staying power of any custodial lending service provider.