Table of content
How to stake cryptos?
1) Click "Earn" in the wallet
2) Select the cryptos you want to stake (Take USDT as an example)
3) Select staking duration, enter the amount, and agree to "User Agreement", then click "Earn"
4) Check the staking details, then click "Confirm"
5) Done. You may check the record in the History tab
How to unstake cryptos?
1) Click the "History / Unstake" button at the top right corner
2) Choose the "Staked" tab and the cryptos you want to unstake, then click "Unstake"
(Take USDT as an example)
3) Enter the amount, then click "Unstake"
(*The unstake period refers to the time it takes from applying for redemption to arriving in the account, which may differ depending on the types of crypto.)
4) Check the unstake details, then click "Confirm"
5) You may check the record on the "History" Tab
How to check my staking history?
1) Click the "History / Unstake" button at the top right corner
2) You may check the "Staked", "Unstake", and "Reward" history here
FAQs:
1. What is staking?
Staking is the process of holding and locking crypto in a wallet to help maintain the operation of the blockchain, staking participants can be rewarded from his / her locked crypto.
2. How is my staking reward paid?
The reward is accrued and paid on an hourly basis.
For example, if clients apply for staking at 11:50 AM, the first reward will be paid at 1:00 PM and the next reward will be paid at 2:00 PM.
3. What is the unit of the reward?
The reward is distributed by the types of staked cryptocurrency.
Example: The customer staked bitcoin. Therefore, the reward will be distributed in bitcoin.
4. Can the Annual Percentage Yield (APY) of staking change?
Staking APY may change based on market conditions. Term staking reward is not affected by varying APY during its staking period.
5. What is Dual Yield? Why does staking Crypto A give out Crypto A + Crypto B?
Dual Yield is staking one cryptocurrency to get two cryptocurrencies as rewards. The APY of Dual Yield is the sum of the APY of the two rewarded cryptocurrencies.
6. When can I trade/withdraw Crypto B after it is distributed?
Crypto B will be distributed in the form of locked rewards. Please check the unlock date of Crypto B on the staking page. After the unlock period is due, Crypto B can be traded/withdrawn.
7. Where can I check the balance of the distributed reward of Crypto B?
You can check the balance of Crypto B on the homepage of CoinUnited wallet.
8. How is the APY of Dual Yield calculated?
The APY of Dual Yield includes two parts: Base Crypto and Locked Crypto. Total APY = Base Crypto APY + Locked Crypto APY. The APY is subject to change according to market conditions.
9. What is the distribution frequency of Dual Yield?
Dual Yield includes rewards of two Cryptocurrencies: Crypto A and Crypto B.
Flexible staking: Rewards of Crypto A and Crypto B are distributed hourly / daily.
Term staking: The reward of Crypto A is distributed hourly / daily. The reward of Crypto B is distributed in one lump sum and locked in your wallet after you joined term staking.
10. How to check the unlock date of Crypto B?
You can check the summary on the related staking page.
11. What is the unlock date?
The unlock date is the date of the locked reward obtained by participating in the Dual Yield plan. Participants can trade/withdraw the locked reward obtained after the expiration of the unlock date.
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