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Locked Staking is the process of holding funds in a cryptocurrency wallet for a period of time and bearing interest on the locked/staked tokens. For Cyfer Hub Locked Staking program, both PoS tokens and non PoS tokens are possible to be included, with various sources of income, included but not limited to the blockchain rewards, interest compensation, marketing events plan,etc. Cyfer Hub Staking will return staked funds to your ’ spot wallets at the end of the agreed staking period. The value of staked funds fluctuates and is subject to change.
We will have the tokens subscribed to Locked Staking projects staked with the related blockchain networks/protocols, and take care of the on-chain operations, including but not limited to staking/delegation/unstaking/rewards collection,etc. Additionally, there are also a few non-PoS tokens of which the rewards are compensated to users from several related teams to help users yield rewards while holding.
From 0:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period, the staking interest is distributed on a daily basis. Also, users can choose to redeem in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48-72 hours to receive the tokens.
There are more than 110+ cryptocurrencies are supported on Binance Locked Staking. With a one-click stake, you can choose from dozens of cryptocurrencies like BNB, DOT, SOL, MATIC, and so on.