Earn
Earn rewards by participating in blockchain networks.
Advantages of Staking on CoolWallet
CoolWallet offers advanced security by keeping your private keys offline and utilizing AES 256 military-grade encrypted Bluetooth for secure transactions.
We support 7 types of PoS staking coins and 3 stablecoins across 3 blockchains, helping you diversify your staking portfolio. Additionally, CoolWallet provides self-custody, giving you full control over your private keys and assets.
PoS Staking
PoS (Proof of Stake) is a blockchain consensus mechanism where validators stake a certain amount of tokens and earn rewards by securing the network and validating on-chain transactions. You can participate in PoS staking by delegating your tokens to a validator and sharing the staking rewards with them.
Stablecoin Staking
Stablecoin staking allows asset holders to earn income by lending their stablecoins. You can lend stablecoins (such as USDT, USDC, DAI, etc.) to decentralized finance (DeFi) lending platforms, providing liquidity to them and earning interest paid by borrowers.
USDT
Ethereum, BSC, Polygon
APY
3.60%
Stake on
Pro / S / HOT
*CoolWallet S does not support Polygon
USDC
Ethereum, BSC
APY
3.60%
Stake on
Pro / S / HOT
DAI
Ethereum
APY
3.60%
Stake on
Pro / S / HOT
How to Stake and Earn Rewards
- Select Crypto
- Select Address Enter Amount
- Select Validator
- Verification
- Claim Rewards
Strategic Partners
Everstake is the biggest decentralized staking provider, trusted by 625,000 users. For the past five years, the company has been using enterprise-level hardware to run over 8000 nodes for 50 blockchain networks.
Founded in 2018, P2P.org is dedicated to providing staking services and has emerged as a leading proof-of-stake validator and RPC node provider. P2P.org assists investors in compounding their cryptocurrency investments and offers high uptime, secure staking with advanced monitoring and support.
The mission of Kiln is to provide easy access to blockchain protocols for users, allowing them to earn rewards by securing networks and participating in protocol consensuses with their held cryptocurrencies.
FAQs
Why Staking on CoolWallet?
Advanced Security
- Hardware Security: Protects against hacks and scams by keeping private keys offline
- Encrypted Bluetooth: Utilizes AES 256 military-grade security for secure transactions
Variety of Supported Crypto
- 7 Coins for PoS Staking: Diversify your staking portfolio
- 3 Types of Stablecoins: Available across 3 blockchains
Ownership and Privacy
- Self-Custody: Full control over your private keys and assets
- Anonymity: Stake directly from your wallet, avoiding KYC requirements
Simplicity at Your Fingertips
- Intuitive Interface: Easy staking process
- Real-Time Monitoring: Track staking rewards instantly
- True Mobility: Stake anytime, anywhere with the CoolWallet App
What is Staking?
Crypto staking is the process of locking up crypto assets for a period. In return, these stakers are rewarded with additional coins.
Staking presents an opportunity to earn passive income. However, staked coins/tokens are usually locked for a specific period, meaning the stakers cannot be readily accessed or transferred during that time.
What is Proof-of-Stake?
Proof-of-Stake (PoS) is a consensus mechanism used in blockchain networks to validate and authenticate transactions and create new blocks. It is an alternative to the more traditional Proof-of-Work (PoW) mechanism used in cryptocurrencies like Bitcoin.
In a PoS system, validators are chosen to create new blocks and validate transactions based on the amount of crypto they hold.
What Are Staking Rewards?
Staking rewards are incentives earned by individuals or entities who participate in the process of staking crypto within a blockchain network. Staking rewards can vary significantly depending on the blockchain network, the amount of crypto staked, and the network’s reward distribution mechanism. Users and investors often participate in staking to earn these rewards while contributing to the security and functionality of the blockchain.
Do All Staking Coins Work the Same Way?
No, not all staking coins work the same way. Staking mechanisms and the specific details of how staking works can vary significantly from one blockchain or cryptocurrency to another. Key variations like staking amount, staking duration, reward mechanism, penalties, governance, inflation rate, and network purpose.
What are the Risks of Stablecoin Staking?
The main risks associated with stablecoin staking include smart contract vulnerabilities and the possibility of DeFi platform service interruptions. The DeFi platform integrated with CoolWallet is AAVE, whose smart contracts have undergone multiple audits and tests to ensure safe operation. Learn more.