Bitfinex Staking Program Promotion - Up to 14% per year Reward

Bitfinex Staking Program

Their soft-staking program allows you to easily generate rewards by simply holding your digital tokens on Bitfinex. Staking rewards can be as high as 14%* per year for supported Digital Tokens.
 

How to Staking?

1. Pick a digital token to stake
Browse our list of staking supported digital tokens below and pick which ones best suit you.

2. Deposit to Bitfinex
Simply deposit your chosen digital tokens to your Bitfinex account to begin staking.

3. Earn weekly rewards
Watch your account grow as Bitfinex automatically deposits your staking rewards into your account on a weekly basis.
 

Supported Digital Tokens

This is the estimated annual staking reward for staked tokens. Actual annualized staking rewards may differ. Bitfinex makes no guarantees regarding the amount of any staking rewards.

FAQ

How frequently will I receive staking rewards?
    Every single week we will pay out the rewards we collect to our users. We will take a mid-week account balance snapshot and will distribute the rewards based on the amount of tokens held at the time of that snapshot.

Is there a minimum/maximum digital token holdings requirement to start staking?
    There is no minimum to begin staking with us. However, to avoid unnecessary stress on our system, we do set a minimum amount of staking rewards before you become eligible to receive a staking reward. That threshold is generally set at a number of tokens that is valued at around US$0.10 (the "Minimum Reward"). If, based on the number of tokens you have staked, the amount of the staking reward is less than the Minimum Reward you will not receive a staking reward. We set the Minimum Reward each time we distribute staking rewards, but we do not expect the Minimum Reward to exceed US$0.20.

Do I have to pay fees to use this service?
    No. We keep a small portion of the staking rewards we collect and deposit the rest into the accounts of our users. In some cases, our staking service provider also retains a portion of rewards collected by the digital tokens we stake.

Is it safe and how does Bitfinex stake my digital tokens?
    Yes, the staked digital tokens never leave our cold wallets. To further minimize risk (e.g., from slashing and to ensure we can accommodate withdrawals) we only stake a portion of the digital tokens we hold. Every digital token has its own way of implementing the staking mechanic, but the process usually begins with us using our cold wallet funds in order to delegate votes to a chosen validator node. Staking provides a layer of governance to its network participants which helps to make the network more secure and for that, network participants are rewarded.

So I just leave my digital tokens in my Bitfinex account and they earn rewards?
    Yes! On a weekly basis, we’ll distribute the staking rewards we collect to users who held the staked digital tokens in their Bitfinex account. You don’t have to do anything in particular.

Who makes the governance decisions with my tokens?
    For chains that implement governance mechanisms into their protocol, Bitfinex will not actively take part in any governance events using your tokens other than delegating to a trusted node of our choosing. Where we have partnered with a staking service provider, we will generally allow that service provider to make decisions regarding governance without our input.

Will I still be able to trade or withdraw my staked tokens?
    Yes, you will be able to trade your staked tokens. Depending on the protocol, some staked tokens are “locked” for a period of time. To accommodate withdrawals we only stake a portion of the digital tokens we hold. In the unlikely event that withdrawals by other users exceed the “un-staked” portion of the tokens we hold, it is possible that withdrawals will be delayed until the staked tokens are released. The duration of the potential delay would depend on the applicable protocol.