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?