Staking SCOP on Scopuly: what is it and how to earn up to 25% APY
Staking is a passive income method in which cryptocurrency holders keep coins on their balance or send their coins to a liquidity pool in the blockchain and receive income from commissions for provided liquidity (AMM — Auto Market Maker) for this.
Staking payouts every 24 hours.
Once every 24 hours, a snapshot of all SCOP holders is taken and from 10 to 25% APY is credited to the current balance, depending on the participation program.
Fulfill any of the two conditions to participate in SCOP staking:
🔹 +10% APY. Keep on balance from 100 SCOP.
🔹 From +14 to +25% APY. Deposit assets into the liquidity pool (from 100 SCOP).
SCOP staking does not lock up your assets and you can exit the liquidity pool at any time.
SCOP staking annual returns average 18%. It’s like opening a savings bank account, only much better and safer! Your assets are under your control and they are not blocked for some period as bank deposits do. The more you keep on your SCOP balance or liquidity pool, the more you will earn.
How to start earning:
- Create or connect Stellar address: https://scopuly.com/auth
- Make an XLM deposit to your address. (You can send XLM from your exchange or buy with a card on Scopuly: https://scopuly.com/fiat)
- Exchange XLM to SCOP: https://scopuly.com/swap
- Keep SCOP on balance or deposit in a liquidity pool: https://scopuly.com/pools/SCOP
You can participate in SCOP staking not only from your Scopuly wallet, but also from any Stellar wallet that supports liquidity pools.
- Learn more about SCOP Rewards https://scopuly.com/rewards
- Learn more about SCOP Token https://scop.scopuly.com
- Learn more about Scopuly https://about.scopuly.com
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