*The yield rates reflected above are calculated based on the current %APY returns derived from DeFI yield-generating products included into the Covesting Yield program. See Terms and Conditions for more information about the program and risks associated with staking.
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What are Covesting Yield Accounts? How do they work?
Covesting yield Accounts allow you to connect to and participate in numerous DeFi yield generating applications through a mechanism called Staking.
Staking products allow for a high variable rate of return on idle crypto assets, otherwise known as an APY. The blockchain-based solution provides returns for those that lock up their crypto assets for a period of time. The more assets and/or the longer the stake period the higher the returns.
Covesting Yield Accounts do all the hard work of searching for staking opportunities so you don’t have to. This means there is no need for a technical background in the space — and you can get started with as little as $100 in just a few clicks!
What projects are included in the Covesting Yield program?
The Covesting Yield program aims to include only the best and most reliable DeFi yield projects with the most advantageous conditions for participants.
Which coins can I stake?
Currently staking is available with ETH, USDT(erc20) and USDC(erc20)
Is the indicated APY% guaranteed?
Indicated APY% is an average value based on the APY% of all DeFI projects included in the Covesting Yield portfolio.
Actual APY% for an open staking can be higher or lower based on demand and supply, as well as other market related factors such as volatility, lending or trading volumes etc.
Is the APY% fixed for the duration of a staking?
APY (interest) is never fixed because rates vary on a daily basis depending on demand and supply, as well as other market related factors such as volatility, lending or trading volumes etc.
Can I add funds to an open staking?
No, however a new separate staking can be opened with as long as the maximum total staking limit is not exceeded.
Can I have multiple open stakings at the same time?
Yes, multiple stakings can be open at once, as long as the maximum total staking limit is not exceeded.
If I upgrade my membership, will this affect my APY% for currently open stakings?
No. Only new stakings, opened after upgrading COV membership, will be affected.
When can I open a new staking?
A request to open a new staking can be placed at anytime throughout the day and will remain pending until processed. All pending requests are activated once a day, at 00:00 UTC.
When can I close a new staking?
A staking closure requests can be placed at anytime throughout the day and will remain pending until processed. All pending closure requests and corresponding calculations are processed once a day, at 00:00 UTC.
Can I cancel a pending staking open/close request?
No. Once a request to open a new staking or close an active staking has been placed, it cannot be cancelled.