A Guide to Staking with Equilibrium
You may recall that earlier this year, we introduced our new staking system to you, which conveniently includes all our assets: EOSDT, NUT, and EOS. This is a great way to earn passive income. Now we would like to offer you some useful tips about this product.
In distinction to other offers, Equilibrium does not earn on staking. Instead, all rewards go to the community without any commissions.
The amount of interest you can earn is a function of how much you stake, your commitment time, the total amount of collateral in the staking pool, the fee sent to the smart contract, and the total amount of the given crypto-currency which is outstanding. You can quickly calculate how much you can earn by using our easy online calculation mechanism.
The overall process of staking and getting yield is pretty straightforward — choose the currency, set the stake size, connect your wallet, transfer crypto — and you are all set. Let us guide you through the process in more detail.
A step-by-step guide to staking
First of all, please, go to https://equilibrium.io/dashboard/ and tap “Products” in the top menu.
To start earning, click the first card — “Staking pool”. This will take you to the welcome page of the staking pool.
Next, simply connect your wallet from among Scatter, TokenPocket, Anchor, or Wombat.
Now all you need to do is decide on which of the tokens you want to use — there are 3 available currencies for staking: EOS, EOSDT stablecoin and NUT (our utility token), each of which has a different APY. Now determine and input your staking amount to be settled via our smart contracts. Keep in mind that the three asset options have different requirements. The minimum staking amount required is 1 EOSDT or 2 NUT. EOS does not require a certain minimum amount.
When you have chosen your currency and input the staking amount, just click “stake”. That’s it, you are starting to earn right now!
How to Unstake?
This is an easy process that leaves you a lot of freedom. EOSDT and EOS users can unstake and free their funds at any time. In the case of NUT, a special date will appear.
Choose the currency that you want to unstake, switch to the “Unstake” tab and enter the amount for you want to unstake. Click “unstake’.
What are the benefits for users?
Staking on Equilibrium has three main advantages. It is secure, because funds are locked in smart contracts. You can achieve maximal income since we do not take a commission. With EOS and EOSDT, you have realtime earnings which can be withdrawn at any time.