What is the difference between Free Staking and Staking function?
Free Staking (Savings) is a staking feature provided by ChainUp.
Only 3 main tokens (USDT, BTC, ETH) is supported.
The Annualised Rate is fixed by the system which may fluctuate on a weekly basis due to market condition.
Staking is a paid add-on function that allow you to choose the token you want to allow staking. - You may refer to the 'Staking' function in the Backend User Manual on how to configure that.
The paid staking function allows you to have more control, you can set more conditions. Conditions such as the period (is it fixed or flexible), the annualised % you are giving and more.
Free Staking
Latest Annualised % is as such (last updated: 8th September 2022):
• USDT - 5%
• BTC - 2.2%
• ETH - 2.2%
Do note that the adjustments for staking interest rate supported by ChainUp fluctuates on weekly basis (due to market condition) and as a client of ours, you will be informed via announcement in the backend if there is any changes to the rate.
Kindly provide ChainUp with the following information:
1. Annualised percentage that you would like to profit-share with your user
(eg. 70% User 30% to Your Exchange)
2. UID to receive profits from profit-share
...
Once we have the configuration done internally.
What is the difference between Free Staking and Staking function?
Free Staking (Savings) is a staking feature provided by ChainUp.
Only 3 main token (USDT, BTC, ETH) is supported.
The Annualised Rate is fixed by the system which may fluctuate on a weekly basis due to market condition.
Staking is a paid add-on function that allow you to choose the token you want to allow staking.
, you will be able to see this page on your backend.
Value-added Services > Savings
Toggle PutOn to enable, PutDown to disable the staking function for the respective tokens.
Free Staking is available on both App and PC, this is where you can locate them:
Whereas when it is your own staking, you have more control, you can set more conditions. The period (is it fixed or flexible), the annualised % you are giving and more.