Stake $VLX to maximize your profit opportunities

Please, refer to this guide to learn more about the process of staking and rewards in Velas wallet

Current APR varies from 9.7 to 11%. To find out more info, please read this tiny article.

There is no ideal formula for that. However, there are few “hints”

• The lower % of commissions the higher chance you will receive more reward
• he larger the Validator stake, the more likely it will be chosen as a validator and receive a reward

Each reward is distributed when the epoch is over. To find out when exactly you will receive your reward you can in our Native explorer - epoch progress and epoch time remaining.

Validators can set a commission fee in the protocol. This percentage is the proportional cut that validators receive from the delegated stake for operating the node infrastructure on behalf of token holders.

A 100% commission / fee means you get 0% of your earnings on your staked VLX.

A 0% commission / fee means you get 100% of your earnings on your staked VLX.

Time for your stake to become liquid after you stopped staking: ~ 2 days. To read a detailed explanations about cooldown and warm up, please check the following article.

To stake VLX you need minimum of 2 VLX to be on the balance.

Time until your stake starts earning rewards: ~2 days. To read a detailed explanations about cooldown and warm up, please check the following article.

Take time to thoroughly research the exchange you're considering. What do other users say about the exchange? What does the exchange say about itself? Have there been issues with security in the past? If so, how has that exchange addressed those problems?In your search, dig deep and look for potential negative stories that the exchange may have.

Staking locks up your assets to participate and help maintain the security of that network’s blockchain. In exchange for locking up your assets and participating in the network validation, validators receive rewards in that cryptocurrency known as staking rewards.

Just keep in mind when searching for digital currency exchanges and when considering any aspect of cryptocurrency investing that scams and frauds are out there, and they can have a very real impact on individual investors. Look for the physical address associated with the exchange. If there is no address readily available, you should not use the exchange.

The Velas team and company are not responsible for third-party exchanges and wallets. You have to reach out to the support center and team on a particular exchange or wallet where problems are caused.

There are Centralized Exchanges or CEXs (organizations that coordinate cryptocurrency trading on a large scale, using a similar business model to traditional asset exchanges like stock exchanges) and Decentralized Exchanges DEXs (s a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary. Many popular DEXs, like Uniswap and Sushiwap, run on the Ethereum blockchain.)

There are many kinds of security protection to save your crypto:

• Back-Up Your Seed Words Properly (set of seed words — also called a “secret recovery phrase” or “master key” — is a series of words that can be used to cryptographically derive all your account keys. You can use your seed words to recover your accounts if your device crashes. Anyone who has access to your seed words has access to every account tied to these words.)
• Use Two-Factor Authentication for Your Exchange (One of the easiest things you can do to help thwart these attacks is to first make sure you purchase your crypto safely and then turn on two-factor authentication (2FA) for withdrawals in your exchange app.)
• Use a Strong Password to Protect Your Crypto
• Use a Different Password for Your Wallet
• Don’t Enter Your Seed Words on a Website