In the past process to get interest on a treditional financial rails are challanging and time consuming. But, today with various DeFi applications built on ERC20 any individual can take out an interest by staking the assets in their custodian as a proxy. All with the below properties:
- without having to disclose their identity to a third party
- Faster
- Secure using cryptocurrencies as the underlying collateral
Crypto asset can be staked either in:
- ÆGIR Web Wallet
- ÆGIR Mobile Wallet
Holders can stake their asset in:
- Native Hydro Tokens
Rewards will be in:
- Native Hydro Tokens
Rewards are calculated and are directly impacted by the below attributes:
- Annualized yield of 7%-12% depending on number of stakers and amount of total staked tokens
- Total supply for Staking : -----
- Lock period : 90 days lock-up with an annualized yield of 7%-12% depending on number of stakers and amount of total staked tokens
- Rewards can be claimed daily
- Token holders can not unstake partial or full tokens before maturity.
- Work In Progress
- Once the assets are staked for a certain duration, for that duration investor can't unstake them.
- Minimum amount of 222,222 Hydro required to stake.
- Open ÆGIR Web Wallet.
- Navigate to the Staking tab.
- For Staking, use the 1st section from the Staking tab.
- Enter the number of Hydro tokens you want to stake [Note: Minimum amount of 222,222 Hydro required to stake].
- Click on the “Stake” button.
- Confirm the transaction from the MetaMask popup.
- Wait for the transaction to get successfully approved.
- Check your staked Hydro tokens under the Overview tab.