CRYPTO STAKING
Lock your crypto in a golden cage
Staking basically means that you reap the fruit of your crypto’s labour. Sounds too good to be true? Not at all. All you have to do is hold your crypto in place while the blockchain puts it to work.
Staking in crypto is a process that allows you to earn rewards while blocking certain digital currencies (put them «at stake») via a consensus feature called Proof of Stake (PoS) during an amount of time defined by you. Your locked assets are used to achieve a consensus mechanism that is required to ensure the security of the network and the validity of each new transaction. That’s why crypto stakers are also called «validators». For locking assets and providing services to the blockchain validators are rewarded with new coins.
Nice side effect
Proof of Stake is a consensus algorithm that reduces the energy-intensive processes required by classic crypto mining. The transaction speed is increased while the blockchain is greener.
ETH up to 3.2% P.A
Ethereum (ETH) | |
|---|---|
| Possibility to unstake assets | Yes Large unstaking requests (3 ETH or more) require additional processing, which can take up to two weeks |
| Estimated reward (gross) | 3.2% p.a. (gross) |
| Payment of the first reward | Once a week, on Tuesdays |
| Payment of the following rewards | Once a week, on Tuesdays |
| Minimum to stake | 0.001 ETH |
| Risks | Asset slashing & Rewards slashing |
| Request processing time | Up to 7 business days |
| Staking fees | 20% of rewards |
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