Young Platform

Guide: creating new stakes for adding funds to existing ones

Filippo Iachello

October 7, 2024

6 min

Now that you’ve created your first stake, it’s time to consider a medium to long-term strategy. The key to maximising your rewards is to plan how much of your budget you intend to allocate to staking each month and on which cryptocurrencies.

Creating an accumulation strategy through staking can exponentially increase your rewards, thanks to the effect of compound interest (when available). This means that each new reward received is staked again, increasing the number of cryptocurrencies at stake and, consequently, the rewards month after month.

Create a new stake

How to create new stakes

You can create multiple stakes on the same crypto. For instance, if you allocate €200 in ETH each month to staking, you can do so easily. Here are the steps:

Go to the “Staking” section.
Choose the cryptocurrency for which you wish to create a new stake from the list of active stakes.
Click the “Create Stake” button.
Proceed as you did with the first stake: enter the amount, read through the summary of the conditions, and confirm the operation.

Mid-Term Strategy Simulation

To understand the impact of compound interest and additional contributions on staking, let’s examine two different scenarios in which a user stakes Ethereum (ETH) for 24 months.

Assumptions

APY (Annual Percentage Yield): 5%
Rewards credited daily
Scenario 1: Initial capital of €1,500, without any additional contributions.
Scenario 2: Initial capital of €1,500, plus a monthly contribution of €200
Current price of Ethereum: €2,000 per ETH
The price of Ethereum remains constant throughout the period (for simplicity).

Scenario 1: Initial Capital of €1,500

In this scenario, you start with an initial stake of €1,500 in Ethereum, assuming an APY of 5%. Considering the initial price of Ethereum is €2,000, you will lock 0.75 ETH at the start.

Your funds will grow over time due to compound interest. By the end of 24 months, the value of your portfolio will have increased to €1,653.75, which equates to approximately 0.8287 ETH.

The reason your ETH amount increases over time is due to the effect of the 5% APY. Based on this simulation, each year, you earn 5% interest on your staked amount. These rewards are continuously staked, creating a compounding effect that progressively grows your holdings.

Scenario 2: Initial Capital of €1,500 + €200 per month

Scenario 2 starts with the same initial conditions: €1,500 in staking and a 5% APY. However, we add €200 each month into the same staking position. Every month, you contribute €200 more to your Ethereum staking.

Not only do you continue to receive rewards on the initial amount, but the monthly contributions of €200 consistently increase the base amount upon which the APY is calculated. This means that you’re not just earning rewards each month—you’re also adding new capital that helps your overall portfolio grow even faster.

At the end of the 24 months, once the staked crypto is “unstaked,” you will have a total of €6,730.89, corresponding to approximately 3.3654 ETH. As you can see, adding even a small amount each month significantly increases the accumulated total. It’s not just the €200 added monthly—every euro you staked has worked for you, generating additional rewards.

This simulation is for illustrative purposes only and does not constitute a promise of returns or profit. Actual results may vary significantly. The information provided in this text is for informational purposes only and does not constitute financial advice. Young Platform S.p.a. is not responsible for any losses or damages from using this information. Please refer to Young Platform’s Staking Wallet Terms & Conditions for a complete description of the service and its associated risks.

How to Create New Stakes and Maximize Rewards

Monitoring total rewards

To monitor your staking activities and total rewards:

Go back to the page of the active stake you want to check.
At the top, you’ll see the “Staking Balance”, which represents the total amount of cryptocurrencies staked. For example, if, over the past three months, you’ve created:
- One stake of 3 ETH
- One stake of 2 ETH
- One stake of 5 ETH
- The total shown will be 10 ETH.

In addition, you’ll see the euro equivalent of the cryptocurrencies in staking at the current price.

Note: The indicated balance only includes actively staked cryptocurrencies, not the accumulated rewards. You can find the rewards under the “Total Results” section, which includes:

Stake Rewards: Cryptocurrencies accumulated as rewards for staking.
Club Rewards: Additional tokens (YNG) are obtained if you are subscribed to the Young Platform Club.

General information about staking

In the same section, you will find an overview of the active staking features, including:

Activation Time: The period required for the staking to become operational.
Credit Frequency: The frequency with which you receive rewards.
Closure Time: The time needed to unlock cryptocurrencies after a closure request.
Type of Staking: Proof of Stake or Liquid Staking.
Annual Reward (APY): The expected return yearly.
Club Advantage: If you are subscribed to the Club, you will see additional benefits such as extra rewards in YNG.

Staking management sections

Activity

In this section, you can view the status of each stake:

The number of tokens currently staked.
The number of tokens in the activation phase.
The number of tokens unlocked after the closure of one or more stakes.

Stake History

Here, you will find the complete history of all the stakes you have created. By clicking on each one, you can view the details of your Position:

Stake Status: In activation, active, in closure, or closed.
Amount of Rewards Accumulated for that specific stake.
Club Rewards (YNG) obtained for that stake.
Stake History:
- Creation Date.
- Activation Date.
- Date of First Reward.

If you have requested the closure of a stake, you will also see:

Closure Request Date.
Effective Closure Date.

This overview will allow you to easily monitor your staking strategy and add new funds to maximise your rewards.

What’s Next?

Now that you’re familiar with creating and managing stakes, it’s the perfect time to explore the benefits of Young Platform Clubs. These clubs can increase your rewards and offer additional benefits. If you wish, you can also consult the dedicated guide to closing one or more stakes, so you have all the information you need to manage your staked cryptocurrencies effectively.