6 new Staking assets & update reward rates

Bitvavo
Bitvavo13 apr 2023

We will add new assets to our Staking service and adjust our reward rates. See the list below for the reward rates per asset.

6 new Staking assets & update reward rates

6 new assets available for Staking

Starting the 18th of April, we will also offer rewards for LUNA, NEAR, KMD, LTO, GRT and KSM as part of our Staking service. This will give you the option to earn rewards on assets that are otherwise just idle in your account.

Why are we updating our rewards?

We are updating our Staking rewards to align them with the protocol incentives and the current market. This is part of a complete review of our Staking service to offer competitive and fair rewards. As a result of this, we will no longer offer Staking rewards for DAI, LINK, LTC, and USDT. The new reward rates will be effective on the 18th of April.

Available assets for earning rewards

Flexible Staking

We offer flexible Staking to all our customers, meaning that we don't work with a lock-up period. Your staked assets are always available for trading or to withdraw to your own wallet

About Staking

On-Chain StakingStaking allows you to grow your funds without having to sell your digital assets. When you stake your digital assets, you are allowing those to participate in maintaining the security of a blockchain network, earning rewards in return. 

Off-Chain Staking (lending)By opting in for Staking, you agree to lend all of your current and future supported Off-Chain Staking digital assets, such as BTC and USDC, to Bitvavo Custody BV, a Bitvavo Group company. You also agree that Bitvavo Custody lends all those supported digital assets to third-party lending partners. These lending partners perform various activities to earn rewards with the funds borrowed and share these earnings with Bitvavo Custody. Bitvavo Custody in turn distributes parts of these earnings back to you, as a pay-off for lending your digital assets.

Even though Bitvavo Custody carefully selects its lending partners, it may happen that a lending partner defaults and becomes unable to return the digital assets that have been lent to them. This may lead to a full or partial loss.

For questions regarding our Staking rewards, feel free to contact us. You can send us an email at [email protected].

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