Can someone explain in layman terms how yield is produced when staking on coinbase?

Are they gambling with my Solana?

Is my solana at risk?

Where does the extra Solana come from that they are paying me every few days?

  • dopef123@alien.topBEnglish
    1·
    10 months ago

    Pretty sure they’re just staking it… you can stake it too.

    Solana creates tokens to pay people who stake to incentivize running validators and securing the network.

    Also mev gets paid out depending on the validator.

    You can make more staking yourself but I’d recommend using a hw wallet