Stake it is a platform that empowers you to be in control of your finances by creating cashflow and harnessing the potentials of Decentralized Finance.
How does it work?
Stacking involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network.
What is proof of stake?
Popular coins like Bitcoin are proof of work, meaning they’re generated by using machines competing to solve complex equations to “mine” coins and digital assets. Proof of Stake works differently by choosing from a pool of people holding the Proof of Stake coin. A Proof of Stake “validator node” can be added to the pool by staking coins for a certain period of time, giving Proof of Stake validators a source of income without needing powerful mining hardware.
What are staking rewards?
You can earn rewards when you stake cryptocurrencies for a period of time as an incentive to acquire and hold onto staking assets. Some staking coins may require a bonding period. To earn staking rewards, simply select the asset you wish to stake and once it has finished bonding, it will be ready to start staking and earning rewards twice a week from the Proof of Stake process.
Are the Staking Rewards guaranteed?
The staking yield figure displayed on Stake-it is an estimated APY based on the 7 day average (14 reward cycles), and is subject to change.
What is the Annual (Yearly) Percentage Yield (APY)?
The APY is the rate of return earned on a savings deposit or investment. It also takes into account the effect of compounding interest over a one year period. Please note: This is not a fixed or static rate, nor is it a future forecast but rather a flexible rate which is subject to change.
The staking yield can fluctuate due to a variety of factors, most notably:
A higher number of staking masternodes in operation, resulting in block rewards being paid out to larger pools and thus, smaller rewards per individual.
Time delays or failures of blocks, which is why there may sometimes be delays or irregularities in the payment of rewards.
How does the reward frequency of the shares work?
The payout days are always average – i.e.: ADF Nodes pay out every 7 days (as a pure example – this has nothing to do with luck, but only how the coin determines that payout frequency) – if e.g. 2 ADF Rewards are being paid by out by 2 different nodes on the same day, the average payout is every 5 days. It always depends on how many nodes are running and this is the average, the more nodes the more frequent payouts, because our nodes are always paid proportionally to all users who have shares of the respective coin. That’s why it also fluctuates, depending on how many nodes are currently active.