When staking cryptocurrencies in the Venga App, you have two options: Fixed Staking and Flexible Staking. Understanding the differences between these options will help you choose the best strategy for your goals.
Fixed Staking
Fixed staking involves locking your assets for a predetermined period, clearly displayed in the app when you initiate staking. Key characteristics include:
- Lock-up Period: Your assets are locked for the entire duration of that specific Earn product.
- Returns: Usually offers higher returns compared to flexible staking due to the commitment of locking funds.
- Withdrawal: You cannot withdraw or access your funds until the lock-up period ends.
- Additional Deposits: Additional funds cannot be added during the staking period but you are always able to open a new fixed staking order.
Flexible Staking
With flexible staking, you can manage your staked assets without a lock-up period. Key features include:
- No Lock-up Period: There's no minimum lock-up; your funds can be managed at any time.
- Flexible Management: You can add more funds, partially unstake, or fully unstake your assets whenever you choose.
- Withdrawal Time: Unstaking assets requires a processing time of 2 days before your funds arrive to your main wallet.
- Convenience: Ideal for users who prefer access to their funds without long-term commitments.
- Rewards: The RPY (Reward per Year) can change at any time and rewards are credited daily
Choosing the Right Option
- Opt for fixed staking if you prefer potentially higher returns and are comfortable with temporarily locking your funds.
- Select flexible staking if you prefer easy access and management of your funds, even though returns may be slightly lower.