ZIL staking
When you stake your ZIL with CEX.IO, you could expect potential staking rewards of up to 11% APY. With this Zilliqa Wheel of Fortune promotion, this figure can increase dramatically for the duration of the event. The staking APY boost may range anywhere from 50% to 200%. When you factor this into the standard 11% APY, your effective staking rewards will double for seven days! Rewards could be briefly increased to as much as 33% for seven days.
A bonus for staking is a percentage of the existing staking rate. It is calculated as follows:11% (regular staking reward for ZIL) + 100% of regular staking APY (bonus) = 22% (total staking reward for ZIL.) With a 200% bonus, this could equate to a 33% increase for the week.
Every week, 0.21% is added to your ZIL holdings (when calculated by the standard 11% APY.) With a 200% bonus, this becomes 0.64% for the week. With 100,000 ZIL staked, you would be rewarded with 640 additional ZIL for the week!
What could be better? You can get into staking or reaffirm your stake in the ground even more!
Staking with CEX.IO
Depending on your staking service provider, the entire process could be much more than you bargained for! Through other providers, you may encounter long lockup periods, less-than-expected returns, technical issues, and a myriad of other problems. CEX.IO understands these complaints from our years of experience in this industry. We aim to be the most simple and reliable staking provider available.
For these reasons, we made it our mission to create the most unrestricted staking environment possible. By simply adding tokens to your CEX.IO wallet, you will automatically enjoy the benefits and potential staking rewards. You are not required to initiate or manage this process at all!
In addition, there are no lockup periods involved. You are free to withdraw your tokens at any time, a stark difference from other providers. From our staking page, you can review all of the tokens we support for staking!
Remember, the excitement kicks off on August 22!
