Does my staked token balance increase over time with compounding interest ?
Yes, your staked token balance can increase over time with compounding interest.
The Lido DAO project is a decentralized autonomous organization (DAO) that provides a platform for users to stake their tokens and earn rewards. The rewards are generated from the fees collected from transactions on the platform. These rewards are then distributed to users who have staked their tokens in the form of compound interest.
This means that as more tokens are staked, the amount of rewards earned will increase, resulting in an increase in the total token balance over time. Compounding interest also means that the rewards earned will be reinvested into the staked tokens, resulting in an even higher return on investment over time.
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