Query: How to Stake DFI on DeFiChain
Context: You can stake DFI on DeFiChain in two ways: setting up a masternode or using a third-party staking service provider. Setting up a masternode allows you to participate in the consensus protocol and receive staking rewards. However, please note that you need a minimum of 20,000 DFI to set up a masternode on DeFiChain. Here’s more on staking $DFI on DeFiChain as a masternode: 1. Set up a DeFiChain wallet and add funds by buying DFI on KuCoin or other supported platforms and transferring your tokens to your wallet. 2. Ensure you have sufficient DFI tokens, as the minimum requirement for setting up a masternode is 20,000 tokens. 3. Install and configure a node according to the technical guide provided by DeFiChain. Refer to this guide for detailed instructions on how to set up a masternode.4. Once your masternode is set up and running, you can stake your 20,000 DFI tokens and participate in the consensus protocol. In return, you will receive staking rewards for contributing to the network.