Staking requires active participation to
Active participation creates new requirements for investors such as operating secure infrastructure 24/7/365, rewards claiming, staking optimization, etc.
We are open for staking
You can stake your assets safely, directly from your wallet, towards our public or private (contact us) PrimalBlock staking pool.
Once you’ve staked, you will automatically start earning staking rewards as we successfully generate new blocks.
Total assets managed: +$60 000 000
Number of validators: +150 (Frankfurt, Amsterdam, London, New York and San Francisco)
Non-Custodial and Governance Control
Investors are always in complete control of their funds, and are empowered to make key governance decisions.
We operate a professional infrastructure, fit for institutional staking. We distribute nodes across 5 datacenters with automated failover, and no customer has suffered losses due to slashing or extended downtime.
Step-by-step guide to Elrond staking:
1. Get a wallet
Before staking you will need to transfer your EGLD to a wallet that you own and control:
2. Delegation / staking section
Locate the delegation / staking section within your wallet and head over to it.
3. Choose staking provider
Once you click the stake now / delegate now button you can search for and select PrimalBlock from the providers list.
PrimalBlock's staking pool Smart Contract address is: erd1qqqqqqqqqqqqqqqpqqqqqqqqqqqqqqqqqqqqqqqqqqqqqx8llllsxavffq.
4. Finalize process
Go through the staking / delegation steps and complete the staking process.
Once the staking is complete you can unlock the live dashboard and check your stake and rewards at any time.
How much will I earn? What does APR stand for?APR stands for Annual Percentage Rate, which represents the rewards rate for a whole year, applied to your staked funds. PrimalBlock's current APR is around 19%, which is estimated based on the current theoretical maximum network rewards and our service fee (10%). Basically, for every 100 EGLD that you stake with us, you will be rewarded with another 19 EGLD yearly. This does not take into account the rewards that could be staked as well: so-called compounded rewards.
What is the difference between APR and APY?APR refers to the simple interest accrued from a particular investment over a 1 year period. APY refers to the compounded interest accrued from a particular investment over a 1 year period. APY reflects more accurately the expected yearly returns of that investment. More info about compounded interest here.
How can I unstake? How long does it take to unstake?You can unstake at any time using Elrond Web Wallet or Maiar Wallet App. On Elrond Network, the unstake process takes 10 days. You first have to initiate the unstake process and 10 days later, you will need to finalize the withdrawal of your staked EGLD.
How can I claim rewards?You will be able to claim them from the app (if you used Maiar) or from the web wallet. Every 24 hours new rewards become available to be claimed. You can claim them when you want. If you don't claim them you don't lose them, they will stay there waiting to be claimed. Keep in mind you can stake the rewards as well, so that you compound the rewards and increase the overall rewards received.
What is the minimum ELGD stake / unstake amount?The minimum amount that you can stake or unstake is 1 EGLD. There is no minimum for rewards that staked instead of being claimed.
Is Staking non-custodial?Yes, staking is non-custodial. You are always in complete control of your private keys and funds throughout the staking process. You are free to undelegate or withdraw your funds at any time, subject to the lock-up requirements: 10 days in the case of Elrond.
What does the service fee represent?As a staking service provider we are responsible for running the Elrond Network validator nodes. This will keep the network secure for everyone and earn you new eGold in the process. In exchange for this service, we take a commission on all rewards generated. In other words, we only make money when you make money. PrimalBlock applies a service fee of 10% of the overall rewards.
Can I buy tokens to stake from PrimalBlock?No, PrimalBlock does not sell any tokens. You can buy tokens from exchanges such as: Binance, Binance.us, Okex, Crypto.com, Bitfinex, Bithumb. You can also buy eGold from Elrond suggested partners, using a card or wire transfer: https://buy.elrond.com.