72: What is Staking and Borrowing in Crypto?

Go Full Crypto

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3y ago 51:20

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The term Staking is used quite a bit in the crypto space. Depending on the context, it means different things. Borrowing, on the other hand, is a concept we're more familiar with. The terms Staking and Borrowing can be mixed up from time to time so in this episode, we distinguish between the two terms, explain the context in which they can be used, and give examples of how we both staking and borrowing services in the crypto space.

Shoutout to Tom for asking us to talk about this in an episode - Thanks, Tom!

LIVE YOUTUBE EPISODE - Happening next Saturday, July 31st, at 12:00pm Atlantic Time (GMT -4). See you there! Join using this link.

(00:00) - Introduction

(01:45) - What is Staking? And the difference between Staking and Borrowing

(05:54) - Taking an in depth look at Borrowing Mechanics

(11:08) - A few different platforms that we stake on

(22:11) - Pros and cons of staking

(31:17) - Basics of Borrowing

(42:36) - Advantages and Risks with Borrowing

(47:10) - Closing Thoughts

Edited and Mixed by Kaushik Sethunath.

Visit the Go Full Crypto website at: https://www.gofullcrypto.com

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