Introduction:
Welcome to the Core staking guide! This guide will provide all the information you need to start earning daily CORE token rewards by staking your Core on Element.
What is Core Staking?
What is Core Staking? Core staking is a new way to put your CORE to work and earn rewards without giving up control of your assets. By locking your Core for a set time, you can help secure the Core blockchain and earn CORE tokens as a reward. This process is secure, non-custodial (meaning your CORE stays on the Core blockchain), and easy to use.
Why Stake CORE?
- Earn rewards: Get CORE tokens for supporting the Core network.
- Contribute to security: Help keep the Core network secure and decentralized.
- Easy to use: Staking on Element is simple and secure.
How to Stake CORE:
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Open Element: Log into your account and access your wallet.
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Go to the "Earn" section: Locate the staking section in your wallet.
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Select CORE: Choose CORE as the asset you want to stake.
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Enter the amount: Specify the amount of Core you want to stake (minimum 1 CORE).
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Confirm the transaction: Review the details and confirm the transaction.
Important Information:
- Staking Rewards: Rewards are given in CORE tokens.
- Withdrawal: You will be able to withdraw your CORE and any un-claimed CORE rewards at the end of the staking period.
Frequently Asked Questions:
- How much can I earn with staking? Rewards vary depending on amount staked, lock up period chosen, and the APR of the validator node which can vary throughout the stake.
- How often do I get rewards? Users will get available rewards every day.
- What kind of rewards do I get from staking my CORE? Your rewards will be delivered as CORE tokens.
- Can I cancel staking early? Yes, you can unstake your CORE at any time. Your principal and accrued rewards will be returned to your wallet.
Need More Help?
If you have any questions or need assistance, please don't hesitate to contact our support team.
We hope this guide has been helpful! Start staking your CORE and earn rewards today!