
Enjoy a boosted APR across seven tokens from 1 Nov – 15 Dec
We’re pleased to share that ‘Loaded Lions’ NFT holders can now enjoy exclusive on-chain Staking perks in the Crypto.com App, as part of our commitment to offer you unique benefits within the Crypto.com ecosystem.
In November and December, you can enjoy an additional APR of up to 1.5% on top of the existing reward rates across the seven supported on-chain Staking tokens in the Crypto.com App.
What is on-chain Staking?
On-chain Staking allows users to participate in a particular Proof of Stake (PoS) blockchain by locking up their tokens and helping to secure the network. Usually, stakers join staking pools run by validators. They help verify transactions and add them to the network. In return, these validators receive rewards in the form of newly minted tokens. Validators may then proportionally distribute the rewards to stakers after deducting fees.
Benefits of on-chain Staking
Staking in the Crypto.com App allows users to conveniently and securely put their idle assets to work while receiving rewards that are in line with the protocol reward distribution. Furthermore, users also enjoy the flexibility of staking or unstaking their assets at any time, as Crypto.com does not impose a lockup period**.
Mane Netizen Exclusive Staking Promotion
For a limited time only, ‘Loaded Lions’ NFT holders enjoy bonus APR for eligible tokens that are staked during the Staking Period*. The bonus rewards will be based on the staked amount during the Reward Period (including increases and decreases during this period). The staked amount must be in “Staked” status to start generating rewards**. Rewards will be distributed to users as a lump sum within 60 days after the Campaign Period end date.
Example:
If a ‘Loaded Lions’ NFT holder has 100 ETH staked at 31 Oct 23:59, and 120 ETH staked at 15 Nov 2023 23:59 and maintained until 9 Dec 23:59, then their qualifying amount for the bonus rewards is 20 ETH from 16 Nov 00:00 to 9 Dec 23:59, and the rewards will be distributed within 60 days from 15 Dec.
*Only new stakes made during the Staking Period are eligible for this offer.
**Bonus rewards are only eligible for assets in “Staked” status. The “activation phase” prior to the “Staked” status varies according to the token. Stake early to enjoy bonus rewards during the Reward Period. Learn more about Token Staking Phases and Terms in the FAQ.
Get started with on-chain Staking in the Crypto.com App
^The jurisdictions below are not eligible for this campaign: The United States of America and its territories, Canada, Hong Kong SAR, South Korea, Singapore, Thailand, and Malta (ETH & AVAX are not available in Australia). For more information, refer to Section 3 and 6 of the FAQ.
Important notes:
Terms and conditions apply.
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