What are the general risks of staking to consider?

Staking services are subject to all of the terms and conditions of the User Agreement, which terms are subject to change. You have no right to rewards associated with staking services unless and until such rewards are received by Ndax pursuant to a successful validation transaction, at which time the rewards will be transferred to your account balances. Ndax cannot guarantee that you will receive any specific staking reward. Any estimate of a rewards percentage provided by Ndax is an estimate only and may change at any time in Ndax’s sole discretion. Staking services provided by Ndax are opt-in accessible services only and Ndax bears no liability for losses incurred because of such staking services, including those resulting from on-chain contract security breaches. A determination by a crypto-asset’s network, which is outside of the control of Ndax, may be resulting in staking services being operated erroneously. This may result in a “slashing penalty” and/or the non-payment of expected staking rewards. Ndax has no obligation to compensate you for any slashing penalty or any non-payment of staking rewards

Applicable laws, rules interpretations, and judicial and similar decisions may affect Ndax’s ability to offer staking services and may adversely affect the value, use, and transfer of your crypto assets and the operations of the Ndax staking service. The tax treatment of certain crypto-asset transactions is uncertain and it is your responsibility to determine what taxes, if any, arise from all transactions with your crypto-assets, including staking. You are solely responsible for reporting and paying all taxes arising from or related to your crypto-assets, including from staking. Ndax does not provide any investment, legal, tax, or other advice to you in connection with staking services or otherwise. You should conduct your own due diligence and consult your own advisors before making any decision to participate in staking services. Neither your Ndax account balance nor any of your staked crypto-assets, are eligible for deposit insurance or any protection from either the Canada Deposit Insurance Corporation or the Canadian Investor Protection Fund.

For more information on the general risks involved in the staking service, please also see our User Agreement and Risk Disclosure Statement. 

You can cancel your opt-in to the staking services for any crypto-asset within the first four hours of your initial opt-in. Please consult the table below for additional terms that apply to the staking service for particular crypto-assets: 

• “Instant Redemption” means that your opt-out is effective immediately, but you are not entitled to any rewards generated within the reward period.
• “Standard Redemption” means that your opt-out is delayed for the period of time indicated in the above table, but you collect any rewards generated up to and including generated within the reward period.