In one tap you can start collecting rewards on your hard-earned Tezos (XTZ), similar to earning interest in a savings account. There is no simpler and safer way to get started with Tezos staking.
Staking Tezos (XTZ) involves delegating your tokens to validators who secure the network, and in return, you receive rewards. Staking your assets helps verify transactions, facilitates governance, and enhances network resilience. The network incentivizes staking through block rewards and transaction fees, with staking rewards passed to you after a service fee deduction.
Because Zengo has no seed phrase vulnerability, it is an order of magnitude more secure than a single-factor hardware wallet.
Stake using your Zengo wallet in a few simple taps.
Earn an annual interest on your Tezos (XTZ).
No restriction on when to sell or how long to hold your investments.
We’ve partnered with Everstake to offer ultimate flexibility: Add or remove funds whenever you’d like.
Yields are automatically reinvested into the investment principal.
From your Zengo wallet, tap on the “actions” button and then on “Earn”
Select what asset you’d like to stake and how much
Review the transaction, including estimated rewards and network fees
Verify the transaction and start earning rewards! It may take up to 12 days for rewards to appear (based on the Ethereum network).
Zengo Staking simplifies the staking process to just a few clicks, supporting Proof-of-Stake cryptocurrencies like Tezos and more.
To stake on Zengo first choose a cryptocurrency, submit a stake request, and start earning rewards based on the staked amount and network conditions. Upon unstaking, you receive your initial funds back along with the rewards earned during the staking period.
Zengo tezos (XTZ) Staking functions the same way as Zengo Staking. By simply holding tezos (XTZ) in your Zengo wallet, you can activate tezos (XTZ) staking and participate in the network’s PoS consensus mechanism, earning you additional XTZ as rewards.
You can stake your tezos (XTZ) by following these steps:
Activate tezos (XTZ) staking by tapping on “Earn” in your Zengo wallet, selecting tezos (XTZ), and confirming your staking transaction.
You can view your earned interest directly within the Zengo app under the “Earn” section where your staked assets are listed.
The only fees you need to pay are network fees (not paid to Zengo but to the blockchain networks) to complete your deposit and withdraw transactions or to activate staking.
No, there’s no fixed amount of time that you must keep your crypto in Savings. You can deposit and withdraw anytime.
Zengo support is available 24/7 from within the app! Or contact us at [email protected]
Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.
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