Staking is the latest in line of new offerings from Change as it expands to passive market
London, 12th July 2022: Making your money work harder just got easier as investment platform Change launches the very first unlocked staking feature to provide daily pay-outs which offer compound yields to ensure the highest possible returns for app users.
The new staking feature means customers can stake the crypto assets they hold in the Change app to earn rewards without having to do anything.
In a market first, the rewards, which are based on compound yields, are paid out on a daily basis and automatically start generating extra income unless withdrawn.
Though likened to the crypto equivalent of putting money in a savings account, returns generated by staking are typically much higher than any interest rate offered by banks.1
Change CPO and co-Founder Gustav Liblik, said: “Traditionally, staking can be restrictive in that some platforms customers have to commit to longer periods during which they cannot access their staked crypto. The flexibility enabled by our new feature removes this barrier. It means customers can stake or un-stake quickly and at any point, making it easier to adapt their portfolio in line with the market to maximise returns.”
“What’s even more unique is that rewards are received on a daily basis and automatically start earning extra income straightaway. The result is that our community can expect to generate higher earnings on stakes made on our platform than others.”
To get started, users simply have to tap on the Earn tab within the app to see what cryptos are available for staking, choose the one they’d like to stake, and start earning. Available 24/7, app users can stake or unstake around the clock with yields paid out..
A recent study shows that almost a third (29%) of Brits are planning to earn money through passive income2 – sources where minimal effort is required such as rental income, shares, investment interests and dividends – over the next year. A separate report previously revealed passive funds’ share of European investment to be as much as 20%.3
Gustav added: “Passive investing opportunities offer our community a simpler way to grow their wealth. With less time and effort needed, we’re seeing more demand for these types of features and will be answering that call by bringing in more offerings that will have something for everyone. With our new staking opportunity, users are able to generate passive income – quickly, with ease, and even while they’re sleeping.”
Sources
1Crypto Staking 101: What Is Staking? (coindesk.com)
2How to make passive income from your property in 2022 – SDLT Refunds
3Passive funds’ share of European investment market jumps to 20% | Financial Times (ft.com)