Stake your COIN for XL1 token rewards! XL1 builds on XYO’s proven technology and creates a global foundation for data innovation. By staking, you’re not just earning, you’re helping power the future of data on the blockchain.
Benefits of Staking your COIN
- Stake your COIN to earn XL1 over your selected time period
- Earn higher rates based on how much COIN you stake and how long you stake it for
- Enjoy flexibility with multiple active staking positions at once
Think of staking as putting your COIN to work. You lock up your COIN, and in return, you're rewarded with XL1.
To get started, visit http://my.coinapp.co/staking. Choose how much COIN (minimum 10,000 COIN) you want to stake and for how long (minimum 3 months staking period). Review your position details and confirm to start earning.
The COIN you stake will be locked away, so it can't be used for HODL rewards or redemptions in the COIN App during the staking period. At the end of the staking period, once you claim your XL1 rewards, you'll receive your COIN back into your COIN Account.
For more information on XL1, please check out https://xyo.network/layer-one.
Once your position is ready to claim, please see below.
Claim Your XL1 Rewards:
- Log into coinapp.co and open my.coinapp.co/staking, then click “Ready to Claim” on the ready position.
- Click “Set Payout Address” and connect your wallet (you can use the wallet you already use for XYO HODL Rewards, or set up a MetaMask wallet if you don’t have one yet).
- Verify your wallet address through WalletConnect. Once verified, it will show as “Set.”
- Check the withdrawal window for your XL1 processing time (usually 10 PM–12 AM PST within the next few business days)
- After processing, your position will display an Etherscan link, and your staked COIN will be returned to your balance. For multiple positions, repeat verification for each one.