🧵 Let's take a closer look at the special staking system of #AVAX
1. Avalanche proposes a term staking system - Meaning that you should choose a validator and a specific period of stake, and you will earn an exact amount of $AVAX at the end of term.
According to the website @StakingRewards delegated staking yields around 9% per year.
2. There are a few things that you need to know to know before:
- Prefer to stake your coins from a hardware wallet.
- @avalancheavax provide 3 chains, the X to receive funds, the P to stake and make cross-chain transfers and the C which is EVM compatible.