Oct 20, 2021
Opulous $OPUL Staking Options
At Opulous, we are constantly working on ways to give our community rewards for holding $OPUL tokens. This could be by providing exclusive benefits for our NFT sales and utilizing the most up-to-date DeFi services.
Since our launch in 2021, we have been busy setting up various crypto staking pools to offer high APYs to our #OPULFAM. When you deposit $OPUL into one of our open pools, you earn more tokens as a reward!
This blog gives you an overview of our current $OPUL staking options, but we thought it fitting to first look at what staking is!
WHAT IS STAKING?
When you are actively staking crypto, you’re pledging an amount of your crypto holdings (you pick the amount) to a specific blockchain network, receiving rewards, or earning high-interest rates. Since all cryptocurrencies use blockchain, each transaction needs to be verified before storing it on the network. Staking is essentially how every one of these transactions is validated.
For the most part, crypto investors deem staking a form of passive income, which can be pretty lucrative. As soon as you start staking, the amount of funds you choose is “locked” in your wallet for a predetermined amount of time and used by the network to validate its transactions and create new blocks on its blockchain. Therefore, the higher amount you stake, the higher the odds that your holdings will be selected.
And in exchange for your time and pledges, you can earn amazing rewards and incredible APYs. Some of our staking pools, for example, have earned APYs up to 1000%.
Now that we have your attention read on to discover some of our active staking pools offering attractive rewards and yields!
OPUL STAKING POOL
The OPUL Staking Pool is our first pool, giving everyone the opportunity to stake OPUL to receive up to 20% APY and earn raffle tickets to apply for Opulous Rewards including paid vacations, exclusive merch and early access to our MFT drops!
SINGLE ASSET STAKING
Algofi
- Current Variable Reward: 12.32% APY
- Available Rewards: 65,000 OPUL
- Duration: 2 months
- No Lockup
- Link: https://app.algofi.org/stake
Huobi
- Reward: 10% APY
- Pool Size: 5M OPUL
- Lockup: 90 days
- Link: www.bit.ly/Huobi_Staking
NFTrade
- Rewards: Paid in xOPUL that you can exchange for OPUL
- Lock Period: 10 days per stake
- Link: https://bit.ly/3HpCuGi
LIQUIDITY POOLS
Pact
- Current Variable Reward: 15% APY
- ALGO / OPUL Pool
- No Lockup
- Link: https://app.pact.fi/pools
XCAD/OPUL LP Farm ($ZIL)
- Current Variable Reward: 18% APY
- Pool Size: 118911.6 zOPUL
- You can now bridge $OPUL via $ZIL for $XCAD / $OPUL pairing
- Link: https://swap.xcadnetwork.com
Kucoin Flexible Pool (ASA/ERC20/BSC)
- Reward: 10.0% APR
- Pool Size: 8M OPUL
- Stake (delegate) OPUL on Kucoin Pool-X Earn
- Redemption Period: 3 days
- Link: https://www.kucoin.com/earn/finance/list?keyword=OPUL
OPUL/STBL LP FARM
- Current Variable Reward: 7%
- OPUL/STBL Pool
- No Lockup
- Link: https://app.algofi.org/farm
If you have questions about staking $OPUL or need help getting started, please join our Telegram Group. Our support agents and community members are happy to help out.
Be sure to follow our Twitter and Instagram for news regarding Opulous and our S-NFT sales!
