Locked Staking allows you to earn staking rewards by locking your crypto on a blockchain via smart contract for a certain period of time.

We will move your staked crypto from your Spot Wallet to the on-chain Locked Staking product you selected.

The staking rewards are distributed on a daily basis at 00:00 AM (UTC) the day after Locked Staking is confirmed to the end of the corresponding product period.

Yes, you can choose to redeem in advance. After choosing early redemption, your subscribed crypto (the principal) will be returned to your Spot Wallet and the distributed interest will be deducted from the refunded principal. Please note that it might take up to 48 - 72 hours for your crypto to arrive in your wallet.

The interest distribution process for VET, NEO, and ONT are different from other crypto, they are not distributed on a daily basis. Instead, you will receive rewards between 00:00 - 04:00 (UTC) the next day after the product expires, at which your staked crypto (NEO, VET, ONT) and the rewards you earned (GAS, VTHO, ONG) will be automatically transferred to your Spot Wallet.

You will not lose your principal, but the distributed staking rewards during the lock-up period will be deducted from the principal.