Hello INDODAX Member,
Ethereum (ETH) is now back available to stake on INDODAX Earn!
Ethereum staking is re-opened starting Tuesday, September 5th, 2023, at 10 AM (UTC+7).
INDODAX Earn is a feature that uses a crypto assets lock mechanism to earn rewards on the blockchain with a Proof of Stake (PoS) consensus, commonly known as staking.
With INDODAX Earn, you can lock your crypto assets and generate rewards afterward, just like saving money in a Time Deposit.
Here are the steps to stake ETH with INDODAX Earn feature on the desktop version:
- Visit https://indodax.com/ and select the “Earn” menu.
- Scroll down and select Ethereum (ETH) coin in the Available Coins section. Make sure you have a sufficient ETH balance with a minimum stake of 0.05 ETH.
- Confirm by entering the amount of crypto assets to stake and continue the process by reading and agreeing to the INDODAX Staking Service Agreement, then click “Confirm“.
- After that, your stake status will change to Bonding, indicating that your asset is in the Staking queue and is waiting to enter the Earning stage. The transition from Bonding to Earning is carried out daily at 2 PM (UTC+7).
After that, the Bonding status will change to Earning, which means your assets are generating staking rewards. The distribution of rewards is carried out every day at 1 PM (UTC+7).
If you have any questions or need further information, please contact INDODAX Customer Support via email at [email protected] or through the Call Center at (021) 50658888.
Regards,
INDODAX – Indonesia Bitcoin & Crypto Exchange
