As the term suggests, auto staking eases up the work for the platform users. The platform can take care of the staking mechanisms for the user. Due to the same reason, demand for auto staking is in the rise in the market. We'd recommend to incorporate auto-staking functionality in the DeFi staking platform.
According to DeFi Pulse, crypto-assets locked to DeFi projects so far this year (Nov 2021), grew 385%. This is tremendous growth. If this trend continues, the industry size could reach $800 Billion by 2022. A part of this growth is fueled by the recent updates in the DeFi such as staking, yield farming functionalities, etc. The introduction of staking in crypto assets opened up a wide range of opportunities for traders to earn additional revenue. In plain words, DeFi staking refers to the process of locking crypto assets into a smart contract in exchange for rewards.
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