Staking

STAKING

Earn rewards effortlessly on popular cryptocurrencies.

FEATURES OF OUR STAKING SERVICE

The most transparent and easiest staking service with zero lockup, so you can earn with a peace of mind.

Earn competitive returns

On average, staking APYs are more competitive than the yields offered by traditional banks. The APYs that we display are also net of all fees.

Stake with ease

Through our service, you can participate in staking with just a click of a button. Technical skills and knowledge are not required.

Complete transparency

Trust because you can verify. Check our Transparency Page for information on node addresses and their statuses.

Zero lockup

Stake and unstake your crypto anytime you want (with Flexible Term).

How does it work?

1

Allocate assets

Simply put, staking is the process of locking crypto for a set period of time in order to contribute to the security of the blockchain. You earn rewards in return.

2

Receive rewards

There is no waiting period unstake with our Staking service, we have simplified the process to provide more flexibility for you.

3

Sit back and relax

Staking can be complex and costly - especially for beginners or those with limited resources. Through our service, you can easily participate in staking with just a small amount of crypto, and without having to run your own nodes.

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Questions? Answers

What is crypto staking and what does it mean?

When a cryptocurrency uses Proof-of-Stake (PoS), that means it relies on a method known as staking rather than mining for its “consensus mechanism”, which is the way the blockchain network ensures all transactions are verified and secured.

Staking is the process of locking up an amount of crypto for a specified period of time in order to contribute to the security of the blockchain. The blockchain puts the “staked” crypto to work and generates rewards in return. Only Proof-Of-Stake (PoS) cryptocurrencies can be staked.

Crypto staking is when you allocate your assets to supporting the blockchain network — the tokens are used to verify transactions via a PoS consensus.

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Is staking safe? What are the risks involved?

Some of the risks associated with crypto staking are:

Liquidity risk: Some staking services require you to lock your tokens for an agreed period. This is not the case with our Staking service. You can stake and unstake your crypto anytime.
Smart contract risk: A faulty smart contract, which is where staked cryptocurrencies are locked in, can lead to loss of funds. By using our Staking service, you can rest assured that your funds are secure as you can easily verify staking both activities and reward payouts through our Transparency page.

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What crypto can you stake on Bake?

Currently, you can use our service to stake Ethereum, Polygon, Polkadot, Sui, Solana, and DeFiChain. We’ll be adding more tokens in the near future. So, stay tuned.

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Can I unstake or take out my staked assets instantly?

Yes, unstaking can be done anytime and processed instantly for most assets on Bake, with the exception of Polkadot (DOT) staking that takes 5 days for unstaking.

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What are the fees for staking on Bake?

The APY shown is net of all fees. This means the APY on display is the percentage yield that you will get. Bake’s commission for Staking service is 10-15% of the rewards generated. There are no unstaking fees.

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