Introducing Threshold (T) Staking on CoinList
One of the requests we often receive from our community is to provide more ways to stake and earn crypto on CoinList.
Today, we are excited to launch staking for the Threshold Network, a leading data encryption protocol, that will allow CoinList users to stake their T tokens and participate in the network’s consensus.
Our relationship with the Threshold Network (formerly NuCypher & Keep Network) goes back to the NuCypher WorkLock program, which saw CoinList users lock more than $54M in ETH. Since then, we’ve launched NU trading and staking on CoinList, and most recently T trading and NU <> T conversions on CoinList Pro, Coinlist.co, and mobile.
Now that the NuCypher and Keep Network merge to produce Threshold is complete, we're thrilled to offer Threshold Network (T) staking directly on CoinList.
Stake Before May 30th and Begin Earning Rewards
Users who would like to actively participate in securing the Threshold Network and upgrade their KEEP and NU tokens can elect to stake their tokens before May 30th. If you choose to stake your tokens on or before May 30th, you are eligible to earn up to a 15.3% rewards rate. Please note:
- Users must continue to stake tokens until the launch of Threshold’s full suite of applications (including the tBTC V2 bridge). While exact dates are not available, it is estimated that users will need to continue staking until July 15th, 2022 (the “Staking Interval”).
- If you choose to stake your T tokens on or before May 30th, your tokens will be locked throughout the Staking Interval. Please note that, while you may elect to unstake your tokens before the end of the Staking Interval, your tokens will not be distributed to your wallet until the earned tokens have been received and the staking period has expired.
- T tokens staked through CoinList will be staked to the Threshold Network once the Staking Interval begins on May 30th, 2022.
- You can find more information about the Threshold staking program here.
If you are unable to stake your T tokens before the May 30th deadline, CoinList may launch a separate staking period at a future date. Please note that rewards earned by staking may vary depending on the staking period in which you choose to participate.
Legal Notice
This blog post is being distributed by Amalgamated Token Services Inc., dba “CoinList,” or one of its subsidiaries. CoinList operates CoinList Markets LLC, a licensed money services business (NMLS #1785267), among other subsidiaries. CoinList does not provide—and this post shall not be construed as—investment, legal or tax advice. This blog post and use of the CoinList website is subject to certain disclosures, restrictions and risks, available here.