Coinmetro's VSP Staking Program offers long-term sustainable, secure, and easy-to-use passive income opportunities for all users! All it takes is a minimum of 10 VSP and a few clicks to start earning a passive income.
What is VSP?
Vesper Finance is a comprehensive DeFi ecosystem and growth engine for crypto assets, providing a broad range of yield-generating products.
The Vesper token (VSP) is the core economic engine facilitating the building and expansion of the Vesper ecosystem and its community. The VSP token incentivizes participation, facilitates governance, and is a catalyst for user contribution.
How to stake VSP at Coinmetro
Firstly, from your Coinmetro Dashboard, you'll need to select Stake & Earn, and then VSP Staking. This will bring you to the VSP Staking platform. Alternatively, you can click the button at the bottom of this article.
On the Coinmetro Mobile App:
From your Dashboard, click on the Menu (3 lines) in the upper right-hand
corner. Then, click on 'Platform' to open the expanding menu and click on 'Staking'. Now, click 'VSP Staking'.
With at least 10 VSP available in your Coinmetro account, you can open a staking plan with the click of a button. Simply select 'Get Started', then choose how many VSP you would like to stake, and for how long. Remember—the longer you stake for, the higher the APR will be!
Once you are ready, simply press 'Confirm' to start staking your VSP!
How much will I earn?
You can earn up to 4% APR for Staking your VSP at Coinmetro. You can find out how much you will earn when allocating your funds to your staking plan. Remember, the longer you stake, the higher the rewards will be!
Please note that the APR for staking is variable. Please ensure you have thoroughly read the VSP Staking Program Agreement before confirming your plan.
Claiming your rewards
The rewards for staking are now accumulated live, and you can now see your rewards being accumulated in real-time! By clicking 'Cash Out Now', the pending rewards are moved to your available wallet balances, with a matching entry in your transaction history.
Ending a staking plan
You can end your staking plan by simply pressing 'Close'; however, ending your staking plan early comes with a penalty. 50% of the total paid rewards for the plan will be deducted from your staked VSP. A confirmation popup will display the penalty applied before you choose to confirm.