We’re delighted to announce two new bonus auto-staking programs.
These will allow you to earn higher auto-staking rewards for longer-term deposits of QRDO held in your Qredo Wallet.
The new auto-staking bonus programs run over two time periods:
3 Month QRDO Staking Bonus
Stake your QRDO from July 1 to September 30, 2022 and earn an additional 5.05% APY
3 month cumulative staking equivalent 15.15% APY
The staking bonus will be paid out as single payment at the end of the three month period on October 1
6 Month QRDO Staking Bonus
Stake your QRDO from July 1 to December 31, 2022 and earn an additional 5.05% APY
6 month cumulative staking equivalent 17.675% APY
The staking bonus will be paid out as single payment at the end of the six month period on January 1
The new bonus programs are valid for both new and existing deposits, and are earned in addition to the existing weekly auto-staking of 10.1% APY 💥
To receive the bonuses, simply hold QRDO in a Qredo Wallet for the above periods. No other action is required.
Not yet holding your QRDO in a Qredo wallet?
Open a Qredo Wallet today, deposit your QRDO, and start earning your bonus.
Note: The app dashboard will be updated in the coming days to reflect the new bonus periods.
Is the current existing weekly staking reward of 10.1% APY still available?
Yes! Weekly auto-staking rewards will continue to be distributed as normal. The bonuses will be distributed as an additional incentive scheme.
With the new three and six month bonus programs, will the extra staking returns be credited to my staking wallet each month?
No, for both the three month and six month program, you will receive your accrued staking return at the end of the period: on October 1, 2022, for the 3 month program, and on January 1, 2023 for the 6 month program.
What happens if I withdraw assets?
You can withdraw your QRDO at any point. However, withdrawing QRDO from your crypto wallet at any time during the bonus period will result in the loss of accrued rewards.
Also, please note that the three month staking bonus is calculated per wallet, not per Qredo account. If you transfer QRDO from one Qredo wallet to another during the three month period, you will lose the staking rewards that have accrued for that amount.
What are the minimum and maximum amounts?
There is no upper limit on the amount that can be staked.
Please note that staking rewards of less than 1.00 QRDO will not be paid.
Can I add funds after the start date?
Users can add QRDO to their wallet to be staked at any time during these three months.The staking return received during this period will be pro rata’d for the time your QRDO is staked. For example: If you open a Qredo wallet and stake your QRDO on July 1st, you will start accruing bonus staking rewards from that date until the end of December.