Crypto staking is the process of actively participating in transaction validation on a blockchain (similar to mining) through a proof-of-stake (PoS) protocol allowing users to stake their digital assets and earn rewards. NDAX’s staking model ensures that users can easily stake their Ethereum, Polkadot, and Cardano holdings on NDAX and earn competitive reward rates, yielding up to 12% Annual Percentage Yield (APY). Through flexible subscription plans, DOT and ADA participants can also choose to unstake their assets at any time.

Staking services are subject to all of the terms and conditions of the User Agreement, which terms are subject to change. You have no right to rewards associated with staking services unless and until such rewards are received by NDAX pursuant to a successful validation transaction, at which time the rewards will be transferred to your account balances. NDAX cannot guarantee that you will receive any specific staking reward. Any estimate of a rewards percentage provided by NDAX is an estimate only and may change at any time in NDAX’s sole discretion.

 Currently, NDAX offers staking for Ethereum (ETH), Polkadot (DOT), and Cardano (ADA). Stay tuned as we’re planning to make more digital assets available for staking as we add more proof of stake coins to our trading platform.  

 Our APYs vary from asset to asset and initially range from 4.0% to 12.0%.  

 NDAX charges an industry-standard 20% fee on the rewards generated through staking.  As an example, if Cardano’s (ADA) has a 4.8% APY, this means you’ll receive 80% of the 4.8% earned rewards, while NDAX receives 20% as a staking fee.  Our staking fee covers the cost of anti-slashing (security/protection), infrastructure management, as well as any fees paid to 3rd party staking providers.  

 Staking rewards are redeemed automatically at regular intervals and transferred to your crypto wallet(s). Reward payout frequency varies by asset. DOT and ADA are paid out daily, while ETH is weekly. Once your staking plan is confirmed, there is a bonding period which also varies by asset. This means you’ll need to wait anywhere between 1-3 days from the time your staking subscription is set up to start earning rewards.

 Depending on the staking plan you choose, you’ll have the ability to unstake your DOT and ADA assets immediately. Each staking plan has an “unstaking period”, which refers to the time between when a user chooses to unstake and when the assets are returned back. Please note that ETH and ETH staking rewards will be locked until the completion of the Ethereum 2.0 network transition. The transition may need months and NDAX has no control over this process.