Now, why should you consider staking your Dogecoin, especially on a platform like SCN? The primary benefit is the attractive 120% annual percentage yield (APY/90days). This means by choosing to stake, you're signing up for a possible 35.0% return on the coins you've staked over the course of a year. This kind of return could be much higher than what you'd get from traditional savings accounts or other investments.
Furthermore, the interest you earn is not just a one-time gift at the end of the year. It is, in fact, distributed hourly. The beauty of hourly interest is the power of compounding. Here's a simple way to think about it: Each hour, you earn a little bit more DOGE. The next hour, you earn interest not just on your original staked amount, but also on the interest from the previous hour. This cycle continues, allowing your holdings to potentially grow faster than if you earned interest less frequently.