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This seems to be vocabulary invented by a specific app (probably to sound cool by association, because of Proof of Stake), described in the screenshot here: htt
by progval 5y ago
This seems to be vocabulary invented by a specific app (probably to sound cool by association, because of Proof of Stake), described in the screenshot here: https://twitter.net/thomasg_eth/status/1492663229784408065 https://twitter.net/thomasg_eth/status/1492663229784408065
As far as I understand, it's just a synonym for "lending" here. They even use the word "leasing" for the people on the other side.
- 0x64 5y ago"Staking" was definitely not invented by this protocol as a term, and is not really related to the consensus protocol, barring the fact that you lock up ("stake") some underlying token in a smart contract. Various protocols offer staking as a way to lock funds, which might distribute a pre-existing token allocation to the people staking as a form of interest. This could be done for a myriad of reasons, like getting a governance token in exchange, or in order to limit the liquidity/dumping of new tokens. I can't say that I were too well versed on what has been happening in the defi space in the last year, but it's definitely not a new term.