Here are some questions we receive about staking on the SMART VALOR platform regularly:
Am I able to trade the crypto asset while staking?
No, in order to actively stake an asset on the blockchain the stake has to be locked. The exact lockup period varies. We keep it at a minimum whilst also avoiding too many balance switches, in order to decrease overall transaction costs.
Can I participate in the voting if I stake at SMART VALOR?
SMART VALOR is participating in the KyberDAO or the DASH DAO voting on behalf of the users to ensure that rewards are being received. The team is looking into the possibility to enable voting for users at a later time.
How can I redeem my stake?
In order to actively stake an asset on the blockchain and optimize the returns for our customers, every staked asset is subject to a small lockup period. After the lockup period is over, simply unstake your asset and you are able to trade, deposit or withdraw it. The unstake process is fairly quick and depending on the blockchain requires only minutes.
To do this, you need to go to the “Staking“ section, which can be found on the sidebar. Once there you select the staking term you would like to unstake and then click on the ”Unstake” button.
What should I keep in mind when staking KNC?
The Kyber Network Crystals (KNC) can be unstaked anytime. However, you need to keep in mind that the rewards are paid out every two weeks. They call this period an Epoch. Only if your tokens were staked during a full Epoch can you receive the staking rewards. SMART VALOR applies the same principle to its customers. You will receive the rewards only if you have kept them staked for the full Epoch. The rewards are paid out within 3 days after each Epoch ends.