Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. The market cap is $967,430,417 and the 24h volume is $7,097,891.
Celo blockchain consensus is achieved via Byzantine Fault Tolerance. Investors can leverage their crypto via . Currently there are 2 options to earn passive income and staking rewards with your Celo investment as outlined below.
Run a Validator
- How to stake Celo?
You have to vote for a Validator Group in the command line interface to start receiving rewards.
- How much can i earn staking Celo?
The Celo Network targets a flat reward rate that is determined by the total staked % in the network.
The Target Total Staked is 66.66%. Every Day where the Participation is below this, the reward rate increases by 1/365. The maximum annual reward rate is 20%.
If the Target Total Staked is met, the reward will gradually decrease.
Your individual reward is then determnied by the target reward rate and by the validator group you have voted for. If the Validator Group is very stable and realiable you might earn sligthly higher rewards. You can see a list of trusted Staking Validator Providers here.
- Do i have to claim my rewards?
Rewards are distributed automatically once a day. The received rewards are automatically reinvested and staked.
- Is there any risk to stake Celo?