Earn ( Staking Crypto )

CoolWallet allows you to participate in various decentralized staking protocols directly within the app. Your private keys remain securely stored in your hardware wallet at all times, enabling you to earn passive income while ensuring your assets stay protected.

How to Stake

1. Access Path: In the "Wallet" tab, tap the "Crypto" you wish to stake (e.g., ETH, SOL, ADA, DOT, ATOM, TRX, etc.).

2. Enable Staking: On the specific asset page, tap the "Staking" button.

3. Select Validator: The app will display recommended validators (or staking pools); however, you may also manually select one based on your preference.

4. Enter Amount: Input the amount you wish to stake and review details such as estimated rewards and unbonding periods.

5. Confirm & Sign: Review the transaction details and press the button on your CoolWallet card to sign.

6. Staking Complete: Once the transaction is confirmed on the blockchain, you can monitor your staking status and reward progress directly on the asset page.

Earn (Staking) FAQ ?

• BTC Staking: Only Taproot (bc1p) addresses are supported. Rewards start accumulating after Minting LBTC. Your rewards are based on the current amount of LBTC you hold in real-time. Unstaking back to BTC takes approximately 7 - 9 days.

• ETH Staking (Kiln): Stake as little as 0.1 ETH. Rewards are automatically compounded and cannot be withdrawn separately from the principal. Withdrawal times vary based on the Kiln pool queue.

• Why is ADA unique?: Due to Cardano's protocol, ADA remains in your wallet during delegation. Other coins must be transferred to staking contracts or swapped for liquid tokens (like LBTC).

• Why is the Estimated APY for DOT on CoolWallet different from the shown on p2p.org?

The discrepancy is primarily due to the difference between a "Real-time Issuance Rate" and a "Long-term Projected Return":

• Network Reward Rate (NRR): The NRR shown on p2p.org represents the Polkadot protocol's instantaneous issuance rate offered to delegators at this exact moment. It is a theoretical, real-time value that fluctuates based on current network staking ratios.

• Estimated APY: The APY displayed in CoolWallet is an estimated annual return based on historical performance data. Since Polkadot rewards fluctuate every 24 hours (per Era) based on validator performance (Era Points), the App provides a smoothed average to offer a more realistic expectation of long-term returns over a one-year period.

? Bottom Line: > NRR is the protocol's "live issuance speed," whereas CoolWallet's APY is a "projected yield" based on proven historical averages.

• SOL Unstaking Error: Ensure you have at least 0.01 SOL in your 'Available Balance' (un-staked) to cover the network fees (Gas fees) required for the unstaking transaction.