The following FAQs will definitely answer some of your questions about Staked. Visit our website and reach out directly with further questions.
What is Staked?
Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency.
How does staking with Staked work?
Staking (also called Proof of Stake) is built-in inflation that maintains the long-term security of the network. New coins are created to pay validator nodes who “vote” secure the coin and process transaction. While validation requires technical expertise and need to be a one of the very largest owners, stake can be pooled.
Staked runs a validator node as a service. You delegate the voting weight of your currency to our node and earn the block rewards less our fee. While you hold on to your currency, this process is not entirely risk-free. See our website for complete details and risks.
How does lending with Staked work?
We are in the early stages of rolling out support for Ethereum. There are two options: trustless, on-chain solutions (Dharma, dYdX, Compound) and trusted solutions with institutional lenders. While the on-chain solutions can facilitate smaller amounts, the trusted solutions require at least a $100K in Ethereum.
We have borrowing demand for all of the assets listed on our website, including Bitcoin.
Lending is currently a more manual process than staking and requires larger numbers of crypto assets (minimum of $100K), as well as KYC/AML. Contact us to learn more.
Which crypto assets does Staked currently support?
We currently support Decred, Tezos, Dash, Livepeer, EOS, and Factom staking. We will offer support for Cosmos, Algorand, Loom, and NuCypher upon their launch in the coming months.
What is the minimum amount of time that I can stake with Staked?
Staking usually requires an unbonding period, which is the period of time you need to hold staked currency before it can be sold or transferred. This ranges from one to two days in the case of Livepeer and Tezos and can be as long as four months in the case of Decred tickers. Staked does not impose any minimum staking period but you will be subject to the unbonding period of the specific currency.
I have $1,000,000 USD. What kind of return can I expect by staking it?
We can not estimate a return on a fiat investment. You will need to determine which currencies are appropriate and we can help you understand the yields available and run the technology (nodes) to securely and reliably deliver your staking rewards.
There are significant differences between the underlying cryptocurrencies that are a very material factor in your overall investment analysis. The yields represent our best estimate of the amount of additional currency you will receive through staking. But cryptocurrency prices have been very volatile historically, and this can impact the return.
How does custody work?
All of our solutions are non-custodial. You custody your crypto assets, while we help you earn via staking and lending.
What is the minimum investment?
There is no minimum investment for staking with Staked. Regarding lending with Staked, we currently require a minimum of $100K.
Does Staked have any KYC requirements?
We require KYC/AML for lending with Staked. Contact us to learn more.
Does Staked charge fees?
We pay 90% of the block rewards to delegates. We have a 100% uptime SLA, so if we aren’t producing blocks you will still get paid. Our SLA will not cover slashing penalties due to downtime. We do everything we can to ensure our infrastructure is secure and reliable, but we’re not capitalized to allow us to guarantee your entire stake.
What is the Staked white-label staking solution?
The Staked white-label staking solution enables exchanges, custodians, wallets and financial institutions to quickly and easily offer staking to their customers without requiring a complex technology build out or expensive operational maintenance. Our turnkey staking platform includes cloud and on-premise infrastructure, automated monitoring, comprehensive reporting, efficient APIs, technical services, 24/7 coverage and the industry’s only 100% uptime SLA on block production.
Can I borrow from Staked?
We are not a lender and have no plans to get into lending.
How can I get started with Staked?
We help institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency.