An incentive provided by projects to lock your tokens in a smart contract in exchange for rewards. Single-sided staking rewards users to buy and hold the token.
All you need to know
Staking is a way you can get paid to hold, and not trade, your tokens. Investors tend to look favorably on high-quality projects that offer staking incentives.
Single-sided staking is a popular feature in many crypto projects. Users can lock their tokens in a liquidity pool and get a portion of rewards distributed to stakers. Projects generate these rewards by releasing token emissions from locked reserves or by sharing income generated through the protocol. Staking can also be a way for projects to allow the users to participate in governance. Stakers can receive special voting rights on decisions made by the project, such as shaping the roadmap for the project. If a project has staking, you can access the liquidity pool by connecting your wallet to their website.
Example: DeFi Land offers single-sided staking in our bank building and website. Staking in DeFi Land means you are locking your tokens for a fixed or flexible amount of time in return for a yield paid back to you. A flexible staking protocol allows you to collect yield with the freedom to withdraw your tokens whenever you wish. A locked staking protocol allows you to benefit from higher returns by committing to a specific time, during which you are unable to withdraw your tokens. In both cases, you are staking your tokens in return for yield paid in $DFL that you can withdraw. Staking not only gives you these rewards, but it also qualifies you for free NFT rewards and getting to be first in line for other major releases (land sales, in-game resources, access to new features, and NFT drops).