Put your crypto to work and earn rewards in just a few clicks.
Staking is the process where you commit your crypto assets to support a blockchain network and confirm ledger transactions for a reward.
Staking is available with certain cryptocurrencies using the more energy-efficient proof-of-stake payment processing model - and is a popular way to earn.
Savl supports staking with Solana (SOL), Oasis Network (ROSE) or Velas Native (VLX).
You can clearly see the APY (Annual Percentage Yield), next to each staking option.
With SOL or VLX, the minimum staking period is just two weeks whereas, ROSE allows you to start earning rewards in just a few hours.
Our rewards calculator allows you to predict your potential staking income based on amount and timeframe.
When you stake coins for reward, you need a third-party validator. Validators are special nodes responsible for provisioning infrastructure and validating new blocks. You can't earn rewards without them. Savl provides a choice of highly reputable validation partners to choose from.
IMPORTANT: Fees may vary from 0% to 30% or more. Validation partners each have different fee structures and conditions and the lowest fee provider may not be the best choice. A validator with more coins and lower fees might be advantageous.
As soon as you begin staking, your assets get to work right away. However, patience is a virtue and each network calculates and pays rewards based on different time periods called epochs:
∙ SOL's and VLX's epoch is ~2-4 days
∙ ROSE's epoch is ~1 hour
Rewards earned in each epoch are cumulatively added to your active stake automatically.
You can transfer your rewards to your Private wallet at any time. As per above, SOL, VLX and ROSE have different network processes and timings:
∙ SOL or VLX will be credited within minutes following a withdrawal request.
∙ ROSE takes longer and will be credited within 14 days after the withdrawal request (although you begin earning faster).