Staking is the process of locking and holding funds in a cryptocurrency wallet to support the operations of a blockchain network. When you stake your crypto, you make the underlying blockchain of that asset more secure and more efficient. And in exchange, you get rewarded with more assets from the network.
How to start Staking?
If you would like to stake funds on the SMART VALOR exchange, you need to navigate to the “Staking“ section of the exchange. This can be found in the sidebar on any page of the exchange.
Once you are here you will automatically see all available cryptocurrencies for staking, as well as an overview of your staking activity. At the top, you can select the type of stake you would like to stake by pressing the “Stake” button under the specific currency.
A screen displaying the staking form will appear on the screen. It will look something like this:
Once you have selected the desired amount and staking period you can click the “Stake now“ button to stake the funds.
What are the fees for staking?
Smart Valor will charge a service fee of 20% of the actual staking rewards for operational costs. This is currently only for staking ETH. Staking other protocols is free at this time.
- Our philosophy is simple - we want users to earn as much as possible. However, we cannot ensure or guarantee any rewards, but we will try to optimize such that users get an optimal amount of rewards.
- Please note, Estimated Annual Returns for ETH are net, and operational fees have been calculated and removed from the advertised rate. (20%).