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Lykke’s staking solution now live!

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Our long-awaited staking solution went live in September. It enables you to stake Lykke tokens without any minimum threshold.

Our stakeable tokens are called ETH and ADA. Those tokens provide retail access to staking services without the usual constraints such as a minimal amount, a lock-in period or technical monitoring.

So how do you start staking ETH or ADA? It’s easy:

1.     Deposit or buy Ether (ETH) or Cardano (ADA) on the Lykke exchange.

2.     Buy our stakeable ETH or ADA tokens on the Lykke exchange.

Thereafter there is no need to act. Your staking rewards will be automatically paid into your account on a daily basis. These staking rewards are directly linked to the rewards generated by the validators’ nodes operated by Lykke.

The amount of money you can earn from staking our ETH or ADA tokens depends on a multitude of factors, such as the amount of ETH or Cardano staked, the current market conditions, and the staking rewards offered by the network validators.

We assume the investment risk of the staked ETH and ADA tokens, protecting our clients from the potential losses of staked amounts.

It’s worth flagging that the ETH and ADA tokens are designed in such a way that the staking reward is the sole driver of its value. Factors such as overall demand for the ETH or ADA tokens or liquidity will only affect the value very marginally or not at all.

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