The Earn module in the OneKey App allows you to stake your cryptocurrency assets, participate in the validation of transactions on Proof of Stake (PoS) blockchains, and effortlessly earn passive income. By selecting the right assets and staking methods, you can utilize your idle funds to enhance your overall holdings.
Supported Assets
Within the App, you can stake various assets provided by different service providers. Here’s a list of the available assets:
- Lido
- ETH
- MATIC (Ethereum mainnet)
- Everstake
- ETH
- SOL
- APT
- ATOM
- MATIC (Ethereum mainnet)
- Babylon
- BTC
Earn Features
The Earn module offers several features to improve your staking experience:
- Low-Risk Earning: Stake your funds with the opportunity to earn passive income while maintaining a low-risk profile.
- Flexible Unstaking: You can unstake your assets at any time, allowing for greater financial flexibility.
- Automatic Compounding: Some assets support automatic compounding, maximizing your potential returns.
- Portfolio Overview: Keep track of all your funds' statuses easily with a comprehensive investment portfolio view.
How Does Staking Work on OneKey?
The Earn feature is supported by our trusted third-party partners, including Lido, Everstake, and Babylon. These partners utilize their smart contracts and infrastructure to handle the staking process, enabling you to manage all assets in the App without the need to run your own node.
Each asset has its own staking conditions, such as minimum staking amounts, redemption processing times, and methods for receiving rewards. Detailed information can be accessed on the corresponding detail pages within the Earn module.
You will need to pay gas fees to interact with the smart contracts for staking, redeeming, or withdrawing your principal and earnings. While your funds are in an active status, you will earn staking rewards as incentives.
You can also unstake (redeem) your assets at any time. However, different assets may have redemption processing periods that range from a few hours to several days. Once the processing period is over, you can immediately withdraw your funds. The status of your assets will be displayed in the portfolio section of the asset detail page.