In order to stake assets, you must have your identity verified and reside in a location where staking is allowed.
Staking services are not available in the U.S., Canada, U.K., Europe, Japan, Venezuela or Singapore, or in other jurisdictions in which Uphold does not generally make its services available.
Those eligible to stake will have the feature automatically enabled in the app.
Uphold’s staking feature works with blockchains that use Proof Of Stake (PoS) as a consensus mechanism for validating and processing transactions and creating new blocks in a blockchain.
Owners of a crypto asset, pledge their coins to a validator (through Uphold and its partners) as part of this governance process. Once a block is ready to be processed, the crypto asset's proof-of-stake protocol selects a validator node to verify whether the transactions are accurate and, if so, add that block to the chain, receiving a reward for their contribution.
The chances of a validator being picked differs with each PoS protocol, with some randomization often employed, but chances are increased by the length of time validators have staked their coins and the amount staked.
Virtually anyone with a minimum balance of a supported PoS token can validate transactions and earn rewards for doing so, which are then credited to your account.
No, Proof of Stake (PoS) staking and lending are two very different activities.
In PoS staking, the owner of the relevant cryptocurrency pledges their tokens to a validator for the purpose of validating transactions on the network or dApp associated with the token, but never forfeits the right to dispose of these assets. In turn, the owner is rewarded for contributing to the governance process.
In lending, by contrast, assets are loaned out to third parties in exchange for payment of interest, and there are different (and often greater) risks involved for the lender. Notably, the borrower may use or pledge the asset as they wish, and there is the risk that the borrower may fail to repay the loan.
Uphold does not engage in lending.
Rewards are set by each crypto network and are calculated against the amount of crypto actively staked — the more you invest, the more rewards you receive.
Rewards paid out by the network are then distributed to your account, less Uphold’s commission.
The APRR represents a projection of the total rewards you will earn on that staked asset.
Any published APRRs for crypto assets are variable and fluctuate based on supply and demand in each of the blockchain’s different protocols. This is determined by the respective Network and can change at any given moment.
Rewards will be paid out as soon as they are received from the Network.
The time it takes to unstake tokens directly on the blockchain varies on a token by token basis, for example DOT has a 28 day ‘unbounding’ period.
Uphold earns a commission between 3% - 34% depending on the asset being staked. In order to ensure full transparency to our users, the estimated Annual Percentage Reward Rate (APRR) takes our commission into account.
For more information, please refer to our Uphold Staking Terms & Conditions.
As with any financial operation, staking is not risk-free. The most common risk associated with staking is incurring “slashing” penalties charged by the network. Uphold protects against any uptime-related slashing risk, and monitors staked assets 24/7 to avoid downtime-related slashing.
Uphold will make every reasonable effort to provide you with the ability to unstake your assets upon request via our flexible staking feature. In times of unusually high demand, however, you may not be able to unstake (and thus trade, send or withdraw) your assets until the end of the relevant network's unbounding period. This period varies, depending on the underlying network, and is typically set at up to 30 days, but may be longer.
Upon unstaking, the assets you staked will be returned to your Uphold account, but during the unbounding period, the value of the asset may change.
For more information about staking and any risks involved, please refer to our Uphold Staking Terms & Conditions.Tax authorities around the world have been slow to provide clear guidance on the taxation of cryptocurrency, including any rewards from the staking of such currencies.
Given the uncertainty that exists with regards to tax reporting around cryptocurrency transactions in various jurisdictions, we recommend you discuss the tax implications of your staking activity with your tax advisor.
Each asset has a minimum token per transaction amount, and a maximum weekly unstaking limit as per below:
Check out this page for the updated Annual Percentage Reward Rates (APPR) we offer!
| Asset |
Minimum stake/unstake (per transaction) |
Maximum unstaking limit (per week) |
|
ADA |
1 |
150,000 |
|
SOL |
0.1 |
1,750 |
|
ATOM |
0.5 |
5,000 |
|
XTZ |
5 |
45,000 |
|
KSM |
0.1 |
1,000 |
|
DOT |
1 |
10,000 |
|
ETH |
0.01 |
50 |
|
MATIC |
o0.1 |
50,000 |
|
AVAX |
0.1 |
12,500 |
|
CSPR |
10 |
7,500,000 |
|
NEAR |
1 |
70,000 |
|
ROSE |
3 |
4,000,000 |
|
ZIL |
6 |
8,000,000 |
|
INJ |
1 |
135,000 |
|
HBAR |
5 |
1,000,000 |
|
FLR |
1 |
1,000,000 |
|
SGB |
1 |
1,000,000 |
|
AXL |
1 |
30,000 |
|
APT |
1 |
3,000 |