Skip to main content
All CollectionsEarn & Products
Custodial And Non-Custodial Staking
Custodial And Non-Custodial Staking
Dormm avatar
Written by Dormm
Updated over a week ago

First and foremost, you need to understand what staking is.

In a nutshell, staking is about holding, when you give your coins to hold and get rewards. In more sophisticated words, staking is part of the so-called POS (Proof of stake) system, consensus protocol, that allows verifying transactions and the release of additional tokens into the network.

Staking can be custodial and non-custodial (also known as decentralized orcold staking).

Custodial staking is when you give your coins to the custodial delegator(mostly exchanges) and get incentives. In this approach, the exchange does much of the administrative work for you, seeking out a node to join so you don’t have to do it yourself.

Non-custodial way of staking (also called cold staking) is when you delegate your crypto to specific validators through staking applications or pools where you stake and can still own your crypto. Still, you don’t do the work of running a node to secure the network.

MyCointainer gives you both options so that you can choose the best yield.

To check the list of centralized staking assets, please go here.

  • To start custodial staking, you just need to deposit the crypto to your MyCointainer account, and the staking begins automatically.

This page will show you the assets MyCointainer provides for cold staking.

  • To launch the staking, you must delegate coins from your wallet to our node.

Did this answer your question?