Everything you need to now about how to stake CRO
CRO is the native token of the Crypto.com Main-net which uses a delegate-proof-of-stake(DPoS) consensus protocol. By delegating your tokens to trusted validators you earn rewards after the validator takes their commission. CRO delegators can receive up to 12.95% after a 15% validator commission. For a real time calculation of Staking Rewards please check out the CRO Advance Reward Calculator.
There is currently no minimum stake requirement for the CRO token. To secure the network CRO will have to undergo a 28-day unbonding period when unstaking over which no rewards are earned. Users should pick their validator carefully as misbehaving validators can result in the slashing of the user’s tokens. Furthermore, validators not meeting uptime requirements can result in a 24 lockout where no rewards are earned.
What you will need to stake CRO
- Preferably a Crypto.com Exchange account to send your CRO from
- A Crypto.com Defi Wallet, we go over the creation of this in our guide
- Roughly 0.0002 CRO to pay Staking Fee
Step 1 – Creating your Crypto.com Defi Wallet
Step 2 – Finding your Wallet Address and copying it
Step 3 – Sending CRO from the Crypto.com Exchange to the Crypto.com Defi Wallet
Step 4 – Staking CRO on Crypto.com Defi Wallet
Conclusion
Staking CRO is a relatively easy process with extremely cheap gas fees that make the feature accessible to a wide variety of participants. The main things to consider when delegating CRO are which validator you choose and the unbonding time associated with unstaking. For a full list of CRO validators and their stats please check out the CRO Asset Profile on Staking Rewards. Overall the reward is strong to average compared to similar projects and is derived from network inflation. Considering the number of tokens participating in staking will affect your own staking reward rate, we expect the participation percentage to rise over the coming years.