Question 1

What is Proof-of-Stake (PoS)?

Accepted Answer

While proof-of-work (PoW) is a consensus mechanism where miners rely on hardware and software to validate transactions on the blockchain, PoS consensuses use staked tokens. In PoS, validators have a higher chance to obtain the right to validate new transactions based on their staked amount or staking duration.

Question 2

Why choose Bitget Staking?

Accepted Answer

1. Interest is credited every day. If you stake on D (date), interest starts to accrue on D+1 and is paid on D+2. Bitget will pay interest to your spot account each day for as long as you keep staking.,2. You can stake at any time and redeem before the end of a staking period. Staking offers a flexible, free, and smooth experience.,3. You get as much as you earn on the chain. Bitget does not take a cut of your earnings, and the ROI exactly matches that of the nodes.,4. Earn principal-protected and low-risk income. Your assets will only grow during staking. No setup required, and no penalty (such as slashing) or other on-chain node staking risks. Bitget makes you an effortless earner!

Question 3

How is APR calculated?

Accepted Answer

The ROI displayed is the exact same as offered by the respective nodes and is not modified by Bitget in any way.

Question 4

How are my rewards calculated if I've subscribed to multiple PoS products?

Accepted Answer

Bitget aggregates your rewards from each network according to their respective APR, shown as your total earnings.

Question 5

When can I redeem my staking rewards?

Accepted Answer

If you stake on day D, interest starts to accrue on D+1 and is paid on D+2.

Question 6

What's the difference between Express Redeem and Redeem?

Accepted Answer

Standard redemption: If you stake on D (date), you can request a standard redemption on D+1. The redemption period aligns with the on-chain nodes. The staked tokens and interest will be distributed to your spot account after the redemption period (no interest will be generated during the redemption period).,Express redemption: If you stake on D (date), the staked assets and the interest will be distributed to your spot account within 10 minutes, and the platform will deduct 10% of the return as a service fee. This amount has a daily limit, and the portion that exceeds the limit can only be redeemed the next day.

Question 7

How does the compound interest mode work in staking?

Accepted Answer

1.On-chain compound interest includes the interest generated by both your principal and previously accumulated interest.,2.You can enable or disable the compound interest mode at any time.,3.The on-chain accrued compound interest must be redeemed to be credited to your spot account.

Staking

Stake and earn with ease!

Staking dictionary