Elrond is a highly scalable, fast and secure blockchain platform. The market cap is $143,514,555 and the 24h volume is $5,448,405.
Elrond blockchain consensus is achieved via Secure Proof of Stake. Investors can leverage their crypto via smart contract staking. Currently there is 1 option to earn passive income and staking rewards with your Elrond investment as outlined below.
- How to stake Elrond (ERD)?
- 1. Deposit ERC20 ERD tokens in a wallet that you can use with MetaMask
- 2. Go to https://stake.elrond.com/ and click Pre-Stake
- 3. Initiate the Staking Transaction via Metamask
- How much can I earn staking Elrond (ERD)?
The Elrond Team has dedicated 400 million ERD as a total reward pool for the prestaking period until mainnet launch.
Until the total reward pool has been paid out or the mainnet is successfully launched, there is a base reward rate of 17% for all participants.
If the more than 12.5% of the circulating ERD supply is staked, the base reward rate is 19%.
If the more than 25% of the circulating ERD supply is staked, the base reward rate is 21%.
If the more than 37.5% of the circulating ERD supply is staked, the base reward rate is 23%.
Additionally the individual reward rate is increased by 0.5% for each day staking (max. for 90 days).
Feel free to play with the above network conditions such as Total Staked and Staking Time in our Elrond Staking Calculator
- What are the requirements for staking Elrond (ERD)?
The Elrond staking process is trustless and transparent. You need to own ERD tokens in a wallet that you control. Staking is allowed once per wallet, so different staking transactions should come from different respective accounts.
- How long are Elrond (ERD) locked up in Staking?
Withdrawals will only be possible 30 days after the start of the pre-staking process. After that, withdrawals are possible, with a 7 day unbonding delay, during which rewards are not accrued.
- Is there a risk to stake Elrond (ERD)?
Staking Elrond is a very safe process. Some general risks for staking do exist, such as losing control of private keys, which can be mitigated by diligent private key management, such as multiple backups.