FAQ - Staking

What options are available for staking?

Below are the options available:

Where:

APY%

Unstaking-Period

Minimal Amount:

FTX

4% Yearly

30 Days

1 FIDA

Onchain - Serum

Variable Rate

7 Days

500 FIDA

Ascendex (BitMax)

4% Yearly

30 Days

1 FIDA

Where can I stake on Serum?

You can stake on-chain at Serum.

Please note the minimal amount to stake on-chain is 500 FIDA.

Where can I view the variable rate on Serum?

You can view the APY Bonfida - staking

What determines the APY% on Serum?

Staking on Serum rewards a variable APY% as a rewards program that is 10% of all FIDA Buy & Burns.

There are several factors that determine the amount of FIDA allocated to staking.

These are:

  • Fees generated by Bonfida

  • Price of FIDA token