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.

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. 

Our philosophy is simple - we want users to earn as much as possible. Please note: Staking is not a deposit, savings product, or guaranteed investment. Rewards depend entirely on blockchain network performance and may be zero. 

Currently, the SMART VALOR platform allows you to stake Ethereum (ETH). The minimum staking amount is 0.01 ETH, and the maximum is 1 000 ETH.

The minimum staking period for ETH is 7 days. During this time, your assets will be locked in your wallet.

Please note, Estimated Annual Returns for ETH are net, and operational fees have been calculated and removed from the advertised rate. (20%).

Rewards are distributed every 2 weeks. 

Unstaking requests are processed twice per week.

When staking on the SMART VALOR platform you receive staking rewards.

How is the staking reward calculated?

There is a 24-hour “wait” period before balances are accounted for during our daily snapshots to minimize balance manipulation. After that, your rewards are calculated on a daily basis with the given amount and annual percentage rate. The annual percentage rate is determined by the blockchain protocol itself, the blockchain networks set the underlying return rate depending on the number of staking participants. Hourly rates are accessible on the internet.

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.

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.