Hello 👋
One of Meria’s key features is staking.
1/ WHAT IS STAKING AND WHY DO IT?
Staking consists of locking up a portion of your cryptocurrencies in a DeFi
protocol.
A staking contract allows you to generate returns from your locked cryptocurrencies; it is a way to increase your position in a crypto asset without having to buy more.
This system is similar to savings and does not act on a fiat currency (like the Euro), but on a cryptocurrency.
Staking comes from the Proof-of-Stake consensus mechanism on which certain blockchains rely, notably Ethereum.
Indeed, locking your cryptocurrencies not only allows you to generate interest, but also to participate in securing the network 🔐
To learn more, check out our article What is staking?
2/ HOW MUCH CAN I EARN WITH STAKING?
Next to each cryptocurrency available for staking, an indicative interest rate is displayed:
The annual interest rate (APR) varies over time and depending on the projects.
As a result, it is not possible to guarantee a fixed return.
However, staking allows you to generate passive returns on your crypto assets; in other words, it increases the size of your position in a crypto without buying more 📈
The list of different APRs is available on the page dedicated to our investment
solutions.
3/ HOW TO DEPOSIT CRYPTOCURRENCIES INTO STAKING?
Step 1: Go to your Dashboard and click on the “Meria Solutions” tab in the left menu:
Step 2: On this page, select the “Staking” category, then the desired cryptocurrency :
Step 3: Click on “Invest”, enter the amount in euros to purchase, or the quantity of the asset you wish to deposit, and click on “Add to cart”.
Step 4: On the "Payment Method" page.
There are two ways to deposit cryptocurrencies into staking on Meria:
→ Either by staking cryptocurrencies already available in your Meria account.
In this case, select "Wallet".
→ Or by placing a staking crypto order. In this case, select "Credit Card".
💡 Your staking contract will be active within 24 hours. A countdown is available by clicking on the three small dots next to each cryptocurrency.
💡 Only the ETH cryptocurrency has a variable staking activation delay specific to the Ethereum blockchain, which is why the “Deposit in progress” status may appear for several days.
Meria unfortunately cannot speed up this process as the action is carried out directly on the blockchain.
⚠ Make sure to check the unstaking delays (available in the Fee Policy, under "Staking conditions"), as not all cryptocurrencies can be unstaked instantly.
4/ WHEN CAN STAKING BE STOPPED?
To stop staking and receive your cryptocurrencies directly in your wallet, you can request the withdrawal of your crypto assets at any time.
An unstaking delay called the “token release period”, specific to each
cryptocurrency, applies. This can be found in the Fee Policy under Staking
Conditions.&
Once unstaking is requested, a countdown is available by clicking on the three
small dots at the top right of your staking contract ☺️
5/ HOW TO WITHDRAW MY CRYPTO ASSETS FROM MY STAKING CONTRACT?
Here is how to withdraw your crypto assets from your staking contract:
Step 1: Go to your Dashboard and click on the “Investments” tab in the left menu:
Step 2: On this page, select the “Staking” category, then the desired cryptocurrency
→ Click on ➖
→ Enter the desired amount
→ Click validate
⚠ An unstaking delay called the “token release period”, specific to each cryptocurrency, applies to some assets. This can be found in the Fee Policy under Staking Conditions.
👉 In this case, once unstaking is requested, a countdown is available by
clicking on the three small dots at the top right of your staking contract.
6/ WHICH CRYPTO ASSETS ARE AVAILABLE FOR STAKING?
All crypto assets available for staking on Meria can be found on our staking
solutions page.
Feel free to contact us by clicking on the chat bubble located at the bottom
right of your screen 😊
See you soon,
The Meria Team