What is staking
Staking is the process of participating in proof-of-stake block creation and validation as an asset holder. Stakers earn a yield for this contribution to the securing of the network. Sygnum takes care of the required staking infrastructure, so as a Sygnum client you can start earning passive income by staking at the click of a button.
Crypto assets that support Proof-of-Stake are considered more environmentally friendly because they are much less energy intensive due to their consensus mechanism. Staking is possible with blockchains that utilise a Proof-of-Stake (PoS) consensus algorithm, like Ethereum or Tezos. For blockchains that use a consensus mechanism called Proof-of-Work (PoW), staking is not possible.
Attractive yields
Earn a yield of typically between 4 and 10 percent per annum by staking your crypto assets. Higher rewards are available for longer staking commitment periods for some assets.
Convenient and integrated
With a growing selection of assets available for staking, Sygnum makes it easy to manage your staked assets with a convenient client experience.
Institutional grade
Your staked crypto assets are protected in a Swiss-regulated bank by Sygnum’s institutional-grade custody platform.
FAQ
Are my staked Ether secure?
The private keys to your staked (and unstaked) Ether are secured in Sygnum’s institutional-grade multi-custody solution.
Can I trade my staked Ether?
You cannot trade your Ether once they are staked. Please note that staked Ether cannot be unstaked until the Ethereum upgrade that enables withdrawals of staked Ether is live.
How are the rewards generated?
Staking rewards on Ethereum are generated from the Ethereum protocol itself. The Ethereum protocol incentivises users to stake and run validators by rewarding them with newly created (minted) Ether tokens. When Ether is staked, the protocol rewards users in proportion to the amount of Ether they have staked.
How can I stake my Ether in my Sygnum wallet?
On the landing page in the Sygnum e-banking portal, choose the staking tab in the digital assets section and Click on Ethereum 2.0 . If you have multiple client profiles linked to your e-banking user, please select one. You are then taken to an overview screen that displays your trading wallets. You can then choose a trading wallet that contains at least 32 Ether to start stalking.