Elrond is a highly scalable, fast and secure blockchain platform. The market cap is $792,093,668 and the 24h volume is $171,251,644.
Elrond blockchain consensus is achieved via Secure Proof of Stake. Investors can leverage their crypto via smart contract staking. Currently there are 3 options to earn passive income and staking rewards with your Elrond investment as outlined below.
Run a Validator
- How to stake Elrond eGold (EGLD)?
Staking on Elrond can be done either as a Validator (running a node + 2,500 eGold stake) or as a Delegator, with a minimum of 10 eGold per delegation.
Validator rewards are distributed automatically. Active Delegator rewards are claimable once per day, with no time limit for claims.
You can currently stake eGold in the Elrond Delegation Waiting List.
Go to https://wallet.elrond.com and click on the “Delegate” section in the left. An intuitive interface will help you to delegate into the Waiting List, claim Active Delegation rewards and withdraw from Active Delegation.
A weekly 4,000 eGold reward is distributed to the delegators proportionally to the amount staked & time in the queue, with up to 20% APR. See the tiles above for the most current rate.
- How much can I earn staking Elrond eGold (EGLD)?
Elrond has fixed reward rates for validators and delegators, where rewards are being derived from the network reserve pool.
By joining the delegation waiting list, you will share 4000 weekly eGLD with all delegators on the list. Use the Elrond Staking Calculator to estimate your total earnings over time.
- What are the requirements for staking Elrond eGold (EGLD)?
The Elrond staking process is trustless and transparent. You need to own eGold tokens in a wallet that you control. It is possible to stake multiple times from the same wallet, with each contribution being accounted for individually.
- How long is Elrond eGold (EGLD) locked up in Staking?
You can withdraw from the Waiting List at any time. Rewards are paid on Monday, only considering delegations active at that time.
Staking & Active Delegation have a 10 days unbonding period since the unStake or unDelegate transaction is issued, during which the respective stakes are locked and not generating rewards.
- Is there a risk to stake Elrond eGold (EGLD)?
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.
- What is next for Elrond eGold staking?
The Elrond Network is currently in bootstrapping mode and staking options are gradually enabled. Open staking is estimated to go live in Q1 2021. Until then, you can delegate in the Waiting List for up to 20% APR.