What is Staking? How to Stake Crypto?

Introduction to Staking

Staking allows users to earn interest on selected assets by locking them for a fixed duration. This service eliminates the operational burden while ensuring access to high-quality staking projects.

Key Features:

• Fixed-Term Staking: Choose between 30, 60, or 90 days.
• Auto-Renewal Enabled: Staking requires auto-renewal to be activated.
• 24-Hour Frozen Period: Assets are frozen for the first 24 hours after staking.
• Daily Interest Payouts: Interest is credited daily after the frozen period ends.
• No Interest for Early Redemption: If assets are unstaked before interest is credited, no rewards will be paid.

How do I Stake my crypto on Freedx?

1. Log in to your account.
2. Navigate to the "Earn" section.
   
3. Choose a Staking Asset:
   • Browse the available staking products.
   • Select the asset you wish to stake.
   • Click on "Stake" from the available options.
     
4. Choose a Staking Terms
   • Input the amount of assets to be staked.
   • Choose the staking duration (30 or 60 days).
   • Ensure auto-renewal is enabled (required for staking).
   • Review the staking terms.
   • Agree to Freed's "Terms & Conditions".
   • Click “Start Staking”.
     

Interest Payouts:

• Daily Payouts: Rewards are credited at 22:00 UTC each day after the first payout.
• First Interest Payout: Occurs after the 24-hour frozen period ends.
• Interest is NOT paid if unstaking occurs before payout time.

How to Redeem Staked Assets?

1. Navigate to "Wallet" > "Earn" > "Staking".
2. Select the staked asset you want to redeem.
3. Click “Redeem” and confirm.
   
4. The principal amount will be released at the end of the staking period.

How does early Redemption work?

• Interest will not be credited if assets are unstaked before payout.
• Early redemption releases assets but forfeits all accumulated rewards.

How Auto-Renewal Works

• Auto-renewal is mandatory when staking assets.
• At the end of the staking period, funds will automatically be restaked for the same duration unless manually turned off.
• If you do not want auto-renewal for the next cycle, they must disable it before the staking term ends.

Frequently Asked Questions (FAQs)

Q: Can I disable auto-renewal after staking?

Yes, auto-renewal can be disabled at any time before the staking period ends.

Q: What happens if I unstake my assets before the payout time?

No interest will be credited if you unstake before the daily payout at 22:00 UTC.

Q: How do I track my staking earnings?

1. Go to "Wallet" > "Earn".
2. Click “Staking History” to view past transactions and interest payments.