Ndax is thrilled to announce that Canada’s first flexible crypto staking program is adding a variety of new coins. Terra (LUNA), Polygon (MATIC), and The Graph (GRT) are now available to stake with Ndax.
If you are looking to generate rewards through crypto, staking is a great way to do so! A variety of concepts in crypto can be complicated in theory, but simply put, Ndax Stake empowers users to easily earn crypto rewards by having a long-term mindset with their digital assets! And best of all, we make it easy to set up your staking plans in a matter of seconds!
Ndax users staking Ethereum, Polkadot, Cardano, Terra, Polygon, and The Graph holdings will earn competitive Annual Percentage Yields (APY), and can also choose to unstake their crypto at any time.*
For more details on Ndax Stake and all applicable coins, including APYs, payout frequencies, and lock-up periods, see our staking table below.
Staking is the process of actively holding digital assets and participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. it allows investors to hold assets and receive crypto rewards with frequent reward payouts.
Ndax Stake allows Canadians to stake their digital assets while being able to easily manage and monitor their staking subscriptions and profits over time. With Ndax, there are no lock-up periods and our clients can exit from their staking positions anytime (with the exception of ETH*).
When you stake your digital assets with Ndax, for an allotted period of time, you automatically earn crypto rewards, which can be redeemed at different periods depending on the coin and staking plan. Different coins offer different reward payout frequencies.
The main benefit of staking is the rewards. You can earn a steady flow of passive income even if you only hold a small amount of crypto. In addition, the barrier to entry is low, and you don’t need any expensive, complicated equipment to get started.
Interest rates on staked coins can far exceed rates you’d typically see in a bank savings account. For example, it’s not uncommon to find annual rates between 5%-20% for most major staking coins.
By staking with Ndax, you’re not just earning rewards for yourself. You’re also contributing to the security and trust of the entire network. Staking funds contribute to increases the efficiency of the blockchain and providing more verification points to process accurate transactions. It’s a great way to support the projects that you believe in.
Staking returns may be attractive, but staking comes with its own set of risks that you should be aware of before participating in a staking pool.