Hi Cosmonauts

enter the cosmos with us.

Hi Cosmonaut
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Lum Network
Lum Network
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Your keys = Your coins

Owners of digital assets from proof of stake (PoS) protocols can do more than simply hold their assets in a wallet. One of their options is to delegate crypto tokens — a process of contributing them to a public validator node to help it conduct PoS validation.

By delegating to a trusted validator on a protocol, assets are put to work securing the network. In exchange, they may earn rewards in the form of more tokens.

Source: Coinbase
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Do Your Own Research

The evolution of decentralized finance (DeFi) and blockchain tech has made it easy for creators to sell the promise of a revolutionary product and attract cash from the general public. Since anyone with enough technical knowledge can create an asset on a blockchain, people no longer require intermediaries such as banks and brokerages before investing in the opportunities available within the crypto market. However, without governmental checks and regulations on these intermediaries, it also means that there is a high risk that the average investor will fall for a scam or fund a project with nefarious intentions.