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Sep 18, 2023
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Everything You Need to Know About Ripple XRP Staking
Guides
·
4 Minute Read
· Written by Adam Campbell
ripple
xrp
TL;DR:
Ripple XRP cannot be staked due to its non-proof-of-stake consensus mechanism.
Instead of staking, users can earn rewards by lending or locking XRP on centralized exchanges.
Lending differs from staking; it involves providing a loan of crypto assets without contributing to network security.
Risks of lending include counterparty risk and protocol security risks, and careful platform selection is crucial.