Staking - FAQs

All answers to frequently asked questions on how to use on-chain staking on Young Platform

Basics

  • 1.1 What is staking?

  • 1.2 What’s the difference between Proof of Stake, staking and Liquid Staking?

  • 1.3 What is the APY and how is it calculated?

Open and manage a stake

  • 2.1 Which crypto-assets can I stake, and in what amounts?

  • 2.2 How do I open a stake?

  • 2.3 Can I use the crypto-assets in my Moneyboxes for staking?

  • 2.4 How long do I have to keep my crypto-assets staked?

  • 2.5 What are the activation and closing times?

  • 2.6 How do I close one or more stakes?

  • 2.7 Can I set up a recurring purchase on an active stake?

Rewards and Fees

  • 3.1 How and when are rewards credited?

  • 3.2 Do rewards vary with the duration of the stake?

  • 3.3 Which fees apply to staking?

  • 3.4 Are there Club benefits on staking?

  • 3.5 Do staking rewards need to be declared?

Still have questions? Open a ticket via support.youngplatform.com to contact us
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