Q: What is the minimum amount required to stake ETH in COCA?
A: You can start staking with as little as 0.1 ETH, compared to the usual 32 ETH required for ETH staking.
Q: Do you have recomendation on the staking amounts and periods?
A: Please, remember, longer staking periods and larger staking amounts help spread the initial staking costs (Ethereum network fees) over time, making the staking process more profitable. DYOR.
The minimum we recommend (DYOR):
- Staking Amount. Staking 0.1 ETH requires at least 8 months to offset network fees. Stake at least 1 ETH for better profitability.
- Staking Period. For 0.1 ETH, stake at least 8 months; for 1 ETH, stake at least 6 months to ensure earnings surpass network fees.
- Claim Rewards. For 0.1 ETH, сlaim rewards once after 6 months; for 1 ETH claim after 3 months to minimize network fee impact.
Q: Who provides the staking service in COCA?
A: Staking ETH is powered by our trusted partner Everstake, and their smart contracts are audited by Chainsecurity and Ackee.
Q: Can I unstake my ETH anytime?
A: Yes, you can unstake your ETH at any time. The unstaking process takes approximately 10 days.
Q: What happens to my staked ETH during the staking period?
A: Your staked ETH is locked and cannot be used until unstaked. Your staked ETH generates compound earnings that are automatically reinvested regularly.
Q: What are the rewards for staking ETH?
A: Rewards include your staking earnings (interest) and any portion of unstaked assets. These are credited to your wallet in ETH once claimed.
Q: Does COCA charges any fees to Stake ETH?
A: No, ETH Staking for COCA users is free.
Q: Are there any other fees associated with staking?
A: Yes, you’ll need to pay network fees for staking, unstaking, and claiming rewards. These fees go entirely to the Ethereum network and are paid in ETH. Make sure you have enough ETH to cover these network fees.
Q: How often are earnings credited?
A: Earnings are automatically credited and restaked to generate compound interest. Credit frequency depends on the Ethereum network and our partner Everstake. Typically, earnings are credited approximately weekly, but they may also be credited daily in some cases.
Q: How can I claim my rewards?
A: To claim your rewards, you need to first unstake your assets. Once unstaked, rewards can be claimed and will be credited dircetly to your wallet in ETH.
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