On Algebra, you can lock up your ALGB tokens for a certain period of time (30 minutes minimum) and earn staking rewards. Staking is a good way to make your idle crypto work for you. The more you stake - the higher the rewards.
Staking works in the following way:
-Your tokens will be locked for 30 min. During this time, it's impossible to unstake or transfer your ALGB tokens.
-The rewards are paid out in the form of ALGB tokens.
-Your ALGB earned from staking is automatically restaked
-The amount of minted ALGB and the staking rewards depend on the amount of funds you locked up on the platform.
-Users can also add extra tokens to staking at any time, and withdraw partially or completely.
-10% of all the trade fees are distributed as rewards. The average APR is 15%, it depends on the number of total locked tokens and the amount of fees.