Staking Derivative

A staking derivative is a token that represents crypto-assets put into staking and the rewards accrued on them. It is issued by liquid staking protocols when a user locks their assets.

Unlike traditional staking, a staking derivative allows the representative token to be used in other operations — for example, in decentralised finance protocols — while the staking remains active.

These instruments involve specific risks: smart contract risks, potential price divergence, and protocol risks. Underlying rewards are variable and not guaranteed.

Disclaimer: As part of the ETH Staking Service via Lido, Young Platform holds wstETH – a staking derivative – in custody on behalf of Users pursuant to Article 75 of MiCAR, in accordance with the procedures described in the Summary of the Custody Policy. Young Platform does not allow Users to directly utilise wstETH in external DeFi protocols during the staking period. Liquid staking protocols and DeFi operations on staking derivatives do not fall within the scope of crypto-asset services regulated by Regulation (EU) 2023/1114 (MiCAR) and are not subject to the corresponding regulatory protections. For details on the services actually provided by Young Platform, please refer to the Staking Terms and Conditions.

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Crypto-Asset Services. Crypto-asset services are provided by Young Platform S.p.A., with registered office at Via F. Cigna 96/17, 10155 Turin, Italy. Young Platform S.p.A. is registered with the Organismo Agenti e Mediatori (OAM) as a virtual currency operator (no. PSV1 205532) for the purposes of national AML legislation, and submitted to Consob, on 5 December 2025, an application for authorisation as a Crypto-Asset Service Provider (CASP) pursuant to Articles 62–63 of Regulation (EU) 2023/1114 (MiCAR). Pending the conclusion of the authorisation procedure, it operates under the transitional regime set out in Article 143 MiCAR and Article 45 of Legislative Decree no. 129/2024. Issuer of the YNG Token. Young Platform S.p.A. is the issuer of the YNG Token, a utility token within the meaning of Article 3(1)(9) of Regulation (EU) 2023/1114 (MiCAR), which is neither an asset-referenced token nor an e-money token. The characteristics, rights, operational functions, and risks of the YNG Token are fully described in the White Paper notified on 17 April 2026 (DTI: RGN2XS8ZG). Contractual Documentation. For the contractual and economic terms and conditions, please refer to the Information Sheets and the Terms & Conditions. For details of the Young Platform group entity providing services to you, please consult the Terms & Conditions. For support enquiries, please contact us via Customer Support. Payment Account. Young Platform S.p.A. is registered in the relevant Register as a Payment Services Agent of TPPay S.r.l. and is accordingly authorised by the Organismo Agenti e Mediatori (OAM) under identifier no. 205532, registration no. SP5627. TPPay S.r.l. is registered at no. 27 of the Register of Electronic Money Institutions (IMEL), Mechanical Code 36928, maintained by the Bank of Italy pursuant to Article 114-quater, paragraph 1 of Legislative Decree no. 385 of 1 September 1993, as subsequently amended (Consolidated Banking Act), with registered office at Via Serviliano Lattuada, 25, 20135 Milan (MI), Italy. Risk Warning. Crypto-assets are instruments characterised by high volatility and carry a significant risk of loss, including total loss, of the capital invested. Crypto-assets held do not benefit from the deposit guarantee schemes established under Directive 2014/49/EU, nor from investor compensation schemes under Directive 97/9/EC. Past performance and projections do not constitute a guarantee of future results. For an overview of the risks, please refer to the Risk Disclosure.

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