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greetings seeker network and shape protocol community this video is about stkd-secret also known as staked secret a privacy preserving staking derivative built on secret network that is directly integrated into shade protocol if you donamp;#39;t know what a staking derivative is or why they are important donamp;#39;t worry this video was made for you first letamp;#39;s talk about how traditional staking works a user holds secret the native governance and gas of secret network they want to passively earn revenue with their but first they must lock up their secret once they have done this they will then begin to accrue rewards at a rate of 23 apr in order to claim rewards with traditional staking a user must claim their rewards this costs gas in the form of secret to claim if you want to compound your rewards with traditional staking you have to do so manually here is the downside with traditional staking in order to get back your initially staked principle you must wait 21 days this
