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.
There is no waiting period unstake with our Staking service, we have simplified the process to provide more flexibility for you.
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.
Some of the risks associated with crypto staking are:
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.
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.
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.
Discover new ways to build and grow your digital assets portfolio. Over 1 million people trust Bake.