The Crypto Earn Pocket, provided by Vivid Digital S.r.l., is a crypto staking product that allows you to earn rewards by actively participating in the blockchain network of a crypto asset. When you stake your crypto, you lock it in the network to support activities like transaction validation and network security. In return, you earn rewards in the form of additional crypto.
What crypto assets are available for staking?
In the Crypto Earn Pocket, you can stake a carefully selected list of crypto assets to earn returns. You can find the most up-to-date assets along with an indication of the associated return listed inside your Crypto Earn Pocket.
What are rewards?
Rewards are the earnings you receive for staking your crypto, which is determined by the Annual Percentage Yield (APY) associated with the specific coin you staked. APY represents the annualised return on your staked crypto, including compounding, and is calculated after deducting any applicable fees. Rewards are paid in the same crypto asset you’ve staked (e.g., staking the Ethereum coin (ETH) earns you ETH rewards).
How can I earn by holding my crypto in the Crypto Earn Pocket?
By depositing funds into your Crypto Earn Pocket, you can purchase and stake supported crypto assets. Each coin offers a specific APY, allowing you to earn passive income. Here's how it works:
1. Choose from a range of coins available for staking:
Stake a carefully selected list of crypto assets to earn returns APY. You can find the most up-to-date assets with their APYs by opening the Vivid app right in your Crypto Earn Pocket.
Please note: APYs are subject to change based on market conditions and are not guaranteed.
2. Earn rewards weekly:
Rewards are calculated daily based on your staked crypto balance and credited weekly each Monday before the end of day.
3. Reinvest automatically:
Your earned rewards are automatically re-staked, enabling compound growth over time.
4. Enjoy flexibility:
You can stake, unstake, and withdraw your funds any day, any time.