Staking and Lending at Bitvavo

Lending can only be enabled for all assets at once, and Staking can be enabled individually per asset. Make sure you download the newest version of our app from your app store. 

Rewards are calculated based on two factors:

1. The current rewards rate is shown in your account. For some assets, this reward rate might change over time (for example Tezos, where the reward is influenced by the total amount staked across the entire network).
2. The number of digital assets you hold in your Bitvavo-hosted wallet per day. To determine this amount we look at the lowest amount you have had in your wallet on that specific day. Assets held in open orders are included in this calculation.

When you sell or withdraw the staked asset to an external wallet, you don't accrue any rewards on this asset from that moment on.

The Staking and Lending rewards are accrued daily and paid out weekly on Monday in the form of digital assets, before 23:59.

Reward rates for Staking assets can be as high as 15% over the value of the digital asset and are calculated daily. You can find the current reward rates per asset in your Bitvavo account.

ARK (ARK) ~ 1,07%
Axie Infinity (AXS) ~ 15,00%
Cosmos (ATOM) ~ 8,00%
Cardano (ADA) ~ 2,05%
Casper (CSPR) ~ 7,00%
Celestia (TIA) ~14,00%
Ethereum (ETH) ~ 3,20%
ICON (ICX) ~ 3,00%
Komodo (KMD) ~ 1,00%
Kusama (KSM) ~ 7,00%
Livepeer (LPT) ~ 10,00%
LTO Network (LTO) ~ 5,00%
NEAR Protocol (NEAR) ~ 5,00%
NEO (NEO) ~ 0,52%
Ontology (ONT) ~ 0,51%
Phala Network (PHA) ~10,00%
Solana (SOL): ~ 5,50%
Sui (SUI) ~ 2,00%
Terra 2.0 (LUNA2) ~ 2,00%
Terra Classic (LUNA) ~ 2,00%
Tezos (XTZ) ~ 2,50%
The Graph (GRT) ~ 3,00%
Waves (WAVES) ~ 2,00%

Reward rates for reward-eligible Lending assets can be as high as 5.1% over the value of the digital asset and are calculated daily. You can find the current reward rates per asset in your Bitvavo account.

USDC ~5,10%
USDT ~5,10%
ARB ~2,00%
LTC ~0,75%
BCH ~0,20%
BTC ~0,16%
FIL ~0,15%
LINK ~0,15%
XLM ~0,15%
MANA ~0,12%
QNT ~0,12%
DOGE ~0,10%
YFI ~0,10%
ENJ ~0,09%

While your digital assets are lent via Staking and /or Lending at Bitvavo, you will be able to trade and withdraw the Staking and Lending digital assets you own as you would for any other digital asset on your Bitvavo account. 

The Lending reward rates may change at Bitvavo’s discretion, as the rates are subject to changes caused by market supply and demand. It is possible that the Lending reward rates increase or decrease after you’ve already agreed to lend your digital assets.

The Staking reward rates may change at Bitvavo’s discretion, as the rates are subject to changes caused by market conditions. It is possible that the Staking reward rates increase or decrease after you’ve already agreed to Stake your digital assets.

For example; When you put assets into a liquidity pool, the accrued rewards are shared among all the participants. If more people join and add their assets, each person gets fewer rewards which results in a lower reward rate.

The tax implications and reporting requirements associated with Staking vary depending on the jurisdiction in which you reside. Staking rewards may be subject to income tax, capital gains tax, or other tax obligations. It is advisable to consult with a tax professional or refer to tax authorities to understand the specific tax implications and reporting obligations related to Staking in your jurisdiction.

The rewards earned from lending your crypto assets may be subject to taxation. The specific tax implications vary depending on your jurisdiction and the applicable tax laws. Interest income is typically considered taxable income, and you may be required to report and pay taxes on the interest earned. It is recommended to consult with a tax professional or refer to tax authorities to understand the tax obligations associated with Lending activities in your jurisdiction.

Certain limitations or restrictions may apply to Bitvavo Lending participation. This may include restrictions based on where you are residing.

There are risks to the Lending service, as included in the Risk Disclosure Statement. 

We work with multiple lending partners, including lending platforms, market makers and trading firms. We regularly review our relationship with our lending partners to provide the best reward rates while keeping risks as low as possible.

All Bitvavo lending counterparties undergo an elaborate screening process to determine creditworthiness and set appropriate limits aimed at mitigating risk. The creditworthiness and reliability of borrowers are typically assessed through a combination of factors, which may include: credit history, financial statements, collateral evaluation, KYC/AML, reviewing reputation and references, IT risk assessment, and operational risk assessment.

We may at any time choose to engage new lending partners or disengage the partners we work with. This may result in a sudden change of the Lending rates, or a temporary halt of the Lending service.

Staking involves certain risks. To learn more about the risks involved in staking, review the Bitvavo Risk Disclosure Statement.

Staking involves the process of participating in the validation and consensus of a blockchain network holding cryptocurrency assets. Bitvavo stakes on behalf of its customers. As a customer, you entrust Bitvavo to handle the staking process, including the selection of appropriate validators or nodes within the supported blockchain networks. Bitvavo employs a rigorous due diligence process to assess the credibility and reliability of validators or nodes it engages with for staking purposes. This due diligence process may involve evaluating factors such as the reputation of the validators or nodes, their performance history, security measures in place, and their compliance with network protocols