Fees are set at 1.5% and will increase by 0.5% per month until it is 3.5%. This will be used to pay for hosting services, development of monitoring solutions and giveaways.
Max. 3.5% fees will be guaranteed until end 2021. This means that at 20% APY, you'll be getting 19.3%.
Max Rate 10% and Max Change Rate 1%. This means that Fees can never go above 10%, and can increase by 1% maximum every 24 hours. These values can never be changed.
100k CRO is self-delegated. There is no incentive to fail!
Beginning in August 2021, 20% of all commissions will be deposited into cro1xvkcmp63z99eam8j9w5f8suny7el6mt4y282hu for insurance, and 20% will be allocated for giveaways.
How to stake?
Defi Wallet App
Ensure you already have CRO in your cro1xxxx address.
Click Earn > Earn More > CRO.
Enter the amount that you would like to delegate (remember to leave some CRO for gas).
Select "[SG] X Staking" from the list and confirm
Ensure you already have CRO in your cro1xxxx address. You can generate one on Defi Wallet app.
Extract to your favourite location.
Shift+right-click on File Explorer and open PowerShell window.
Add your wallet with your recovery phrase .\chain-maind.exe keys add Default --recover
If using a ledger, add --ledger behind.
Enter your 12/24 words. (Always keep a backup of these words!)
Ensure the address in Defi Wallet is same as what is shown.
.\chain-maind.exe tx staking delegate crocncl14vxzdsxtmat7hvz58trk823adg3pjh4xh6ghm6 [amount]cro --from Default --chain-id "crypto-org-chain-mainnet-1" --gas 200000 --gas-prices 0.025basecro --node https://mainnet.crypto.org:26657
Replace [amount] with your desired value.
If you get RPC error -32603 - Internal error: timed out waiting for tx to be included in a block error, you can usually ignore it. Check your transaction on the explorer.
You may delete the keys from your computer with .\chain-maind.exe keys delete Default