In addition, it is important to realize that there are three kinds of soft staking being offered by third-party service providers:
(1). Unlocked Staking
This is also known as Flexible Staking. It is the kind of soft staking in which you have full access to your staked cryptos throughout the staking period, hence, you are at liberty to withdraw your coins at any time.
However, note that once you withdraw your coins, you do not enjoy any staking reward again from the withdrawn coins.
(2). Locked Staking
This is when you stake your cryptos for a specific period during which you do not have access to your cryptos and, therefore, you cannot withdraw your staked cryptos until the expiration of the staking period.
(3). DeFi Staking
This is when you stake your coins in Decentralised Finance (DeFi) projects such as in DeFi pools and yield farms.
DeFi Staking gives the largest APR, followed by Locked Staking. Unlocked Staking carries the lowest APR. Ten percent (10%) APR is actually too little in the crypto market. In some DeFi Staking, you can get from 500 up to 2 000% APR. Which fiat currency bank can give you such crazy high interest rates? Yet we get it in cryptos! It has produced a number of millionaires in the Crypto Market. You too can be among them.
DeFi staking, how you can get involved and how you can reap such huge financial profits are discussed in the Tertiary School of Cryptocurrency.