By staking CELO, you provide economic security to the Celo network. Users nominate nodes by delegating their tokens to a group of validators. In return, they receive staking rewards generated by the node.

You will receive your staking rewards anytime you claim them through the staking interface. Please note that rewards do not expire. You can re-stake these rewards to earn a compounded interest.

Users can move their stake instantly from one validator to another using the change votes function.

In case you decide to withdraw your staked CELO, you can choose how much you want to unstake. The unclaimed rewards will be auto-claimed once you unstake your CELO.

Once unstaked, you will have to perform an unlocking process which will take 3 days to complete.

On Celo, staking works differently than on other PoS blockchains. Instead of staking directly with a validator, you vote for a validator group with your CELO. There is no commission or fee taken from your rewards. You will earn staking rewards for supporting validator groups, and this reward is not reduced by any deductions.

There’s no minimum amount to stake CELO. Always remember to leave at least one token unstaked to pay future transactions.

Celo is the native asset of the Celo blockchain used for governance and staking. The Celo blockchain also has other native assets like cUSD —pegged to the USD— and cEUR —pegged to the Eur— which can be used to pay for transaction fees and for many other applications in the Celo blockchain.

The consensus mechanism used by Celo includes a slashing mechanism, that is to say, that part of the stake of a node might be slashed if it does not behave correctly. Other risks could be protocol bugs, network attacks, and bad key management by the user. We adopt the necessary measures to bring the slashing risks to the minimum. Stakely counts on a Staking Insurance Program to cover losses in case of an accident caused by us.

Stakely Celo validator is managed by a highly-skilled team experienced in validating blockchains. In addition, Stakely counts on a Staking Insurance Program to cover any losses in case of slashing incidents, prioritizing the safety of users’ delegations.