SwissBorg is decentralising wealth management by making it fun, fair, and community-centric.
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- How to Stake CHSB?
- How much can I earn Staking CHSB?
- Any risks to Staking CHSB?
The CHSB token is at the heart of our ecosystem, and offers the 5 following utilities:
A) The Protect & Burn Mechanism: 20% of the revenues made on fees in the Wealth App are dedicated to protecting the price of our token. When the price arrives in a bearish zone, we automatically place buy orders. All purchased CHSBs are then burned in a transparent manner.
B) Staking: Lock CHSB within the Wealth App allows users to exchange at the best price with zero fees.
C) Exclusive Access: Get access to future exclusive wealth management products in the app
D) Voting Rights: Participate in shaping the future of SwissBorg during our referendums
E) Community Rewards: Earn rewards through the SwissBorg DAO
Based on the current offering rates a user can earn around 9% APY for staking CHSB. For more information on the staking rates please visit the SwissBorg Staking Rewards Calculator here.
There are some risks to staking CHSB considering this is custodial staking. Whenever you are doing custodial staking you must remember you do not have control of you assets. SwissBorg has proven to be a reputable firm that can be trusted.