Staking is simply holding or locking funds in a crypto wallet with the aim of maintaining the operations of a proof-of-stake based blockchain system. It helps the KDA blockchain network achieve consensus rewarding the participants, which is similar to mining.
Rewards are paid out automatically. CoinMetro handles the entire staking process, so you just need to sit back and watch the rewards roll in! Also, staking with CoinMetro yields very generous rewards!
You can earn up to 18% PA for staking KDA on CoinMetro! Here are the rates based on the duration you opt to choose:
11% APY for one month
14% APY for three months
16% APY for six months
18% APY for one year
Please note that these rates are fixed for now; however, as the APY is variable, the KDA staking rates may change in the future.
IMPORTANT - KDA Staking went live again on 03/11/2021 and was oversubscribed within 20 minutes! Unfortunately, this means that KDA Staking is no longer available due to being over-populated. We sincerely apologise for any inconvenience caused by this.
For more in-depth information on KDA Staking, you can read our article on the official CoinMetro blog here.