Steady Returns (Staking) lets you participate in on-chain staking opportunities while keeping your assets secure. Steady Returns is the simplest way to earn passive rewards on selected cryptocurrencies.
What is Steady Returns on VALR Exchange?
Steady Returns on VALR Exchange allows you to earn rewards by holding certain cryptocurrencies in your VALR wallet. It is a way to passively generate additional rewards at a competitive APR (annual percentage rate) on your crypto investments.
How are returns generated?
Your assets are staked to support the blockchain network. In return, you earn steady returns.
What is staking?
Staking involves locking your crypto to help support the operation and security of a blockchain network. In return for contributing to the network, you earn rewards over time.
Which cryptocurrencies can be staked on VALR Exchange?
Currently, VALR Exchange supports Steady Returns/Staking for the following cryptocurrencies: Solana (SOL), Avalanche (AVAX) and TRON (TRX). Please note that the available staking options may change over time.
How do I stake my cryptocurrencies on VALR Exchange?
VALR Website
- Sign up and create an account on VALR if you haven’t already.
- Complete the necessary verification process.
- Login to your VALR account.
- Click on Finance at the top of the page.
- Click on Earn from the drop down menu.
- Click on Steady Returns.
- Click on the Earn Now button next to the Crypto you wish to stake. If you do not have the balance, you can click on the Buy option and buy the crypto instantly.
- Enter the amount and click on Allocate.
- The balance will be deducted from your account and staked instantly.
VALR App
- Sign up and create an account on VALR if you haven’t already.
- Complete the necessary verification process.
- Login to your VALR account.
- Click on Steady Returns on the Home page.
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Click on the Allocate button next to the Crypto you wish to stake.
- Enter the amount and click on Allocate.
- The balance will be deducted from your account and staked instantly.
Steady Returns Rewards and History:
- The estimated APR (annual percentage rate) of crypto will be visible on the Steady Returns screen.
- You can view the Steady Returns Rewards and History on the Steady Returns home page.
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The Steady Returns rewards are distributed hourly and will be allocated to your VALR spot account.
Unlocking of Crypto:
- You can unlock your crypto at any point in time instantly without any lock-in period by clicking on the Unlock button.
- Once the crypto is unlocked it will be visible in your Wallet right away.
Frequently Asked Questions:
What are the rewards for Steady Returns (Staking) on VALR Exchange?
The specific rewards earned through Steady Returns on VALR Exchange depend on the cryptocurrency you stake. The rewards are given in the form of additional tokens of the staked cryptocurrency. The exact reward rates may vary and are determined by factors such as network conditions and market demand.The Steady Returns (Staking) rewards are distributed hourly and will be allocated to your VALR spot account.
Are Staking rewards guaranteed?
Rewards earned through Steady Returns (Staking) are not guaranteed. The indicated rewards percentage is an estimation only and may differ from the real rewards received by VALR from the supported digital asset protocol.
What happens to my assets while staked on the VALR Exchange?
When you opt in for Steady Returns (Staking), the staked assets are transferred into a separate account managed by VALR on your behalf. The rights, title and ownership of staked assets still remain with the account holder.
Are there any risks associated with Staking on VALR Exchange?
Staking involves certain risks that account holders should be aware of. These risks include, but are not limited to market volatility, liquidity concerns, reliance on external validators, varying rewards frequency and the absence of guarantees regarding the on-chain staking services. It's important to do your own research and assess the risks before participating in Steady Returns (Staking) activities.
- Potential loss of staked funds due to network attacks or vulnerabilities.
- Fluctuations in the value of the staked cryptocurrency.
- Changes in the Steady Returns rewards or fees.
- Technical issues or downtime on the VALR Exchange platform.
The unlocking process typically involves a waiting period before you can access your funds, which can vary depending on the specific cryptocurrency and network. However, on VALR you can unlock your crypto almost instantly at any time.
How often are rewards earned through Steady Returns (Staking) distributed?
Staking rewards on VALR are allocated hourly, based on an annual percentage rate.
What is APR?
APR stands for Annual Percentage Rate. It is a representation of the annualized interest rate or reward rate on an investment or staking activity.
How is APR calculated?
APR is calculated by multiplying the periodic interest rate (reward rate) by the number of periods in a year. For example, if the reward rate is given on a monthly basis, you would multiply it by 12 to obtain the APR.
What does it mean if rewards are allocated hourly but the APR is based on an annual percentage?
When rewards are allocated hourly, it means that you will receive rewards every hour based on your staked assets. However, the APR is still calculated based on the annual percentage to provide a standardized measure for comparing returns across different platforms and investments. The hourly reward allocation allows you to see more frequent updates on your earnings, while the APR reflects the annualized rate based on the current reward rate.
Can I stake multiple cryptocurrencies simultaneously on VALR Exchange?
Yes, you can stake multiple cryptocurrencies simultaneously on VALR Exchange. Simply follow the staking process for each individual cryptocurrency you wish to stake.
Can I trade or sell my staked cryptocurrencies on VALR Exchange?
Yes, you can trade or sell your staked cryptocurrencies on VALR Exchange. There is no lock-up period and your assets will become available immediately upon unlocking.
It is important to note that in rare instances, unlocking your cryptocurrencies may involve a waiting period before you can access and transfer them. During this period, you may not be able to trade or sell the staked amount.
Do I maintain control over my staked cryptocurrencies on VALR Exchange?
Yes, you maintain control over your staked cryptocurrencies on VALR Exchange. Your staked funds remain in your VALR wallet, and you can manage them as you would with any other funds in your wallet.
What happens to my staked funds if VALR Exchange discontinues Steady Returns (Staking) services?
In the event that VALR Exchange discontinues Steady Returns (Staking) services for a particular cryptocurrency, you will typically be able to unlock your funds and withdraw them from your VALR wallet. VALR Exchange would provide instructions and a suitable timeframe to ensure a smooth transition for its users.
Where does the staking yield (APR) come from?
The staking yield (APR) is derived directly from the blockchain network, eliminating the need for any external entities and safeguarding customer funds. VALR does not engage in lending customer funds to generate the staking yield.