The safest way to earn crypto
Blockchain adoption is slowly but inevitably coming into our lives. We are currently in a market downtrend, which is a great time to accumulate more assets in investment portfolios.
It’s up to everyone to choose their own strategy — to accept a high-risk one and participate in liquidity mining or other DeFi products, or to choose a low-risk one and stake your tokens, earning less at the particular time but without the risk of impermanent loss or liquidation.
Some of our community members have already read the in-depth guide on staking cryptocurrency in Ever Surf, where we broke down the basic concepts of staking and staking APYs on different blockchains.
The following analysis considers not only the stated APY, but also the speed of emission of new tokens (which affects the real APY) and the presence or absence of lockups. It can aid you in doing your own research and making an informed decision about which network to stake in.
Boosted staking — maximize staking rewards!
For Everscale community members and long-term investors who see classic staking as too conservative, we offer the opportunity to join boosted staking. It will enable you to maximize staking rewards to up to 26% APR in EVER tokens! The Boosted Staking program has a limit of total locked tokens, and if you’d like to maximize staking rewards, now is the best time to consider this.
What’s the APR in boosted staking?
Boosted staking rewards correlate with the lock-up period, and the rewards are as follows:
12 months lock-up — 12% + 4%24 months lock-up — 12% + 9.5%36 months lock-up — 12% + 12%48 months lock-up — 12% + 14.5%
In the above, 12% is an approximate reward level in Everscale staking, while the second figure is the boost given to you by the program depending on the lock-up period.
Is it safe to lock EVER tokens in boosted staking for the long-term?
Ever Surf or any other entities don’t have direct access to the funds as they’re all split between depools according to the depooler rating. If one of the validators decides to leave its node for some reason, the funds would still be safe, and the user would be able to withdraw them together with the reward as of the withdrawal date.
How to participate in boosted staking?
The Boosted staking DeBot is available in the Ever Surf wallet. Download the Ever Surf wallet, activate your account if you’re a new user, transfer some EVER tokens, and choose the Boosted Staking DeBot or use the service on staking.surf website. The other steps are straightforward:
- Click on the “Deposit” button.
- Choose the number of tokens you’d like to deposit.
- Choose the lock-up period.
The DeBot shows all the details about staking rewards, APY, and the lock-up period. Double check all the terms. Confirm transaction. As easy as that!
Boosted staking is an excellent opportunity for those Everscale community members who have joined our ecosystem for the long term and want to enjoy high rewards with low risk.
Note that this type of staking cannot be undone until the lock-up period ends — that’s the point of the extra rewards.
With that in mind, remember that it’s up to you to choose the best investment strategy to suit you! Good luck! And if you want to know more on why staking in Everscale is a good option, come and see our recent report on Everscale’s development.
