Staking is a process where people lock or contribute some of their crypto holdings to the blockchain network. The method allows users to earn revenue on their crypto holdings that are simply lying in their possession. What is on-chain staking? In December 2021, the team of developers announced the concept of DOGGY DAO, an essential step toward the complete decentralization of the Shiba ecosystem. The DAO would get to decide which projects and crypto pairs will trade on the ShibaSwap DEX and, in the second stage, use SHIB as the governance token to help the Shib Army vote on proposals.