Staking is the process of locking up your cryptocurrency assets for a specific period to support the operations of a blockchain network or exchange. When you stake your assets with PIN Network, you're contributing to the liquidity pools that make trading on the platform more efficient. In return for staking your assets, you earn rewards based on the Annual Percentage Yield (APY) rate associated with your chosen staking period.
We offer four staking periods with different APY rates:
7 days: 3.2% APY
30 days: 5.8% APY
180 days: 7.5% APY
365 days: 9.2% APY
Generally, longer staking periods offer higher APY rates as a reward for committing your assets for a longer time.
No, early withdrawals are not possible. Once you stake your assets, they will be locked for the entire duration of your chosen staking period. This policy helps maintain the stability of our liquidity pools and ensures fair distribution of rewards to all stakers. Please carefully consider your financial needs before committing to a staking period.
After your staking period ends, there is a mandatory 7-day unstaking period. During this time, your assets will not earn rewards. This unstaking period is necessary for system security and liquidity management. After the unstaking period completes, your original staked amount plus any earned rewards will become available for withdrawal or new staking.
No, APY rates are variable and not guaranteed. The displayed rates are based on current staking pool size and network performance. These rates may change over time as more users stake assets or as network conditions change. Your actual returns may be higher or lower than the estimated amount shown at the time of staking.
Currently, you can stake the following cryptocurrencies on our platform:
PIN (PIN Network Token)
BTC (Bitcoin)
ETH (Ethereum)
USDT (Tether)
We plan to add support for more cryptocurrencies in the future.
Staking rewards are calculated using this formula: Reward = Principal × (APY / 100) × (Staking Period / 365)
For example, if you stake 1000 USDT for 30 days at 5.8% APY, your expected reward would be:
1000 × (5.8 / 100) × (30 / 365) ≈ 4.77 USDT
Rewards are distributed in the same cryptocurrency that you staked.
When you stake your assets, you contribute to PIN Network's liquidity pools. This increased liquidity is essential for the exchange's stability and efficient operation by:
Reducing price slippage during large trades
Enabling faster transaction processing
Providing a buffer against market volatility
Allowing for more competitive trading fees
Enhancing overall user experience on the platform
Yes, there are minimum staking amounts for each cryptocurrency:
PIN: 100 PIN
BTC: 0.001 BTC
ETH: 0.01 ETH
USDT: 10 USDT
There are no maximum limits, so you can stake as much as you have available in your wallet.
Yes, we take security very seriously. PIN Network employs industry-leading security measures to protect all staked assets, including:
Cold storage for the majority of assets
Multi-signature technology for all transactions
Regular security audits by third-party experts
24/7 monitoring of all platform activities
Insurance coverage for digital assets
However, as with any cryptocurrency activity, there are inherent risks. We recommend using strong passwords and enabling two-factor authentication on your account.
Yes, you can stake multiple different cryptocurrencies simultaneously. Each staking transaction is handled independently, so you can have different assets staked for different periods. This allows you to diversify your staking strategy and potentially maximize your rewards.
