Find answers to common questions about staking with Colombia Staking
🚀 Getting Started
What is staking?
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Staking is the process of delegating your eGLD tokens to a validator to help secure the MultiversX network. In return, you earn rewards proportional to your stake. It's similar to earning interest on your crypto holdings while supporting blockchain operations.
How do I start staking with Colombia Staking?
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1. Download the Xportal wallet app or browser extension
2. Purchase eGLD from a supported exchange
3. Visit staking.colombia-staking.com
4. Connect your wallet and delegate your eGLD to Colombia Staking
What is the minimum amount to stake?
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There is no minimum amount required to stake with Colombia Staking. You can stake any amount of eGLD you have in your wallet. However, keep in mind that very small amounts may result in proportionally small rewards.
💰 Rewards & Fees
What is the current APY for staking?
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The annual percentage yield (APY) for staking eGLD typically ranges from 8% to 12%, depending on network conditions and total staked amount. Colombia Staking offers competitive commission rates to maximize your returns.
When do I receive my rewards?
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Staking rewards are calculated and distributed every epoch (approximately 24 hours). Your rewards accumulate automatically and can be claimed at any time through the staking dApp.
What fees does Colombia Staking charge?
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Colombia Staking charges a competitive service fee on the rewards earned. This fee is automatically deducted from your rewards - your principal staked amount is never touched. The exact rate is displayed transparently in our dApp before you delegate.
🔒 Security
Is my eGLD safe when staking?
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Yes! When you stake your eGLD, it remains in your wallet - we never take custody of your funds. You can undelegate at any time, and your tokens will be returned to your wallet. This is called non-custodial staking.
What happens if Colombia Staking goes offline?
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Colombia Staking operates 48 validator nodes with redundant infrastructure across multiple locations. Even if some nodes experience issues, your stake remains safe and continues to earn rewards from our other nodes. Your tokens are never at risk.
⚡ Operations
How long does it take to unstake?
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When you undelegate your eGLD, there is a waiting period of approximately 10 days (10 epochs) before your tokens become available in your wallet. This is a built-in feature of the MultiversX protocol, not Colombia Staking.
Can I add more eGLD to my existing stake?
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Yes! You can delegate additional eGLD at any time. Each delegation is separate, so if you stake more later, it will create a new delegation entry. All delegations to the same validator earn rewards independently.
Can I stake from a hardware wallet?
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Yes! Xportal and the MultiversX web wallet support hardware wallets like Ledger. You can stake your eGLD directly from your hardware wallet for maximum security.
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