Staking is where you pledge your crypto as a computational source to help validate proof-of-stake blockchain transactions in exchange for generous rewards.
With Savl, staking is also self-custodial, so your funds are only used for staking purposes, and you control the process every step of the way.
Staking with Savl means you could earn up to 10% APY for doing relatively little, so in our opinion, it is worth a go.
At the time of posting, Savl supports the following currencies for staking:
If you want to know more, tap the ‘Services’ icon on the Savl app toolbar and select ‘Staking’. There’s even a rewards calculator so you can get a sense of how staking rewards might work for you.
Note: Staking comes with risk. You'll earn rewards in cryptocurrency, which is a volatile asset that can decrease in value. Additionally, you may have to lock up your crypto for a set period, during which the market value could plummet (or skyrocket).