Staking is the process of delegating or locking Crypto Assets by Verified Members on a platform owned by Indodax in the network set by Indodax for a certain period of time, by getting Staking Rewards.

There are several terms commonly used in staking transactions at Indodax

1. Bonding: When you start Staking your assets at Indodax, Bonding is the first status which states that your assets are in the Staking queue and waiting to enter the Earning stage. During this time, you cannot withdraw the assets that you have registered for Staking, either in part or in whole. (The transition from the Bonding to Earning stage is carried out every 14.00 WIB).
2. Earning: When your Staking transaction that has passed Bonding changes to Earning, then the crypto asset being staked will start to get a Staking Reward. At Indodax, reward distribution is done automatically every day. Your reward will automatically enter the asset wallet.
3. Unstake: When you have entered the Earning stage and want to withdraw your assets locked in Staking, you can Unstake.
4. Unbonding: After you have finished clicking Unstake to return your staked crypto assets, the status will change to Unbonding. This means that your asset has entered the unstake queue and has stopped generating rewards (The unbonding to finish stage transition is carried out every 12.00 WIB).
5. Finished: When the Unbonding status has changed to Finished, the asset has been successfully unstaked, your Staking balance has been returned to your Wallet.

How to Perform Staking

Staking can be accomplished by adhering to the following steps: 

• For the first step, you need to possess the digital asset you intend to stake. You can acquire this digital asset by making a purchase in the market. Instructions on how to purchase the digital asset can be found through the following link, click here or here.

If you are accessing Indodax via website

• Navigate to the website https://indodax.com and access the "Earn" menu.
• Proceed by scrolling down to view the available coin options.
• Ensure that the balance of the coin you intend to stake is sufficient, meeting the minimum stake requirement for that specific coin. Then, select the "Stake Now" option.

Disclaimer: currently, only Polkadot (DOT), BNB (BNB), Polygon Ecosystem Token (POL), Solana (SOL), Ethereum (ETH), Cardano (ADA) coins are available for INDODAX Earn. Other crypto assets will be available soon.

• Confirm your selection by entering the amount of crypto assets for staking. Proceed with the process by reading and agreeing to the INDODAX Staking Service Agreement, then click "Confirm" and "Yes".

• After that, your stake status will change to Bonding which indicates that your asset is in the staking queue and waiting to enter the Earning stage. The transition from Bonding to Earning is carried out at 2 PM (UTC+7) every day.
  

• After that, the Bonding status will change to Earning, which means your assets are in the process of generating staking rewards. The distribution of rewards is carried out at 1 PM (UTC+7) every day.

If you are accessing Indodax via Application

• Open the INDODAX Mobile App on Android or iOS, and select the “Earn” menu on Pro Mode.
• If you use Lite Mode, you can open the INDODAX Mobile App on Android or iOS version, select the Wallet menu, then click “Earn“.
• Select the desired coin in the Available Coins section. Make sure the amount of coin balance you desire is sufficient for the minimum stake for each coin.
  

Disclaimer: currently, only Polkadot (DOT), BNB (BNB), Polygon Ecosystem Token (POL), Solana (SOL), Ethereum (ETH), Cardano (ADA) coins are available for INDODAX Earn. Other crypto assets will be available soon.

• Confirm by entering the amount of crypto assets for staking and continue the process by reading and agreeing to the INDODAX Staking Service Agreement, then click “Confirm”.
• After that, your stake status will change to Bonding which indicates that your asset is in the staking queue and waiting to enter the Earning stage. The transition from Bonding to Earning is carried out at 2 PM (UTC+7) every day.
  

• After that, the Bonding status will change to Earning, which means your assets are in the process of generating staking rewards. The distribution of rewards is carried out at 1 PM (UTC+7) every day.

How to withdraw the Staked Assets (Unstaking)

You have the right to withdraw the Staked Assets ("unstaking") at any time in the following way:

• The member submits an Unstaking request for the staked asset (You can only unstake when your staking status is at the earning stage), which will then automatically enter the Unbonding period according to the estimated time of each available coin.
• During the Unbonding period, you will not get a Staking Reward.
• When the Unbonding period ends, then your staking status will become 'Finish' and you will immediately regain your assets.

If you are accessing Indodax via website

• Go to your "Earn portofolio page" or click here
• Select your Portofolio 

• Then select "unstake"

 

If you are accessing Indodax via Application

• Select "Earn" on the home page
• Select "Portofolio"

• Select your "Portofolio"
• Select the "Three dots" that are located at upper right corner
• Select "Unstake"

Frequently Asked Questions (FAQ)

Q : What is Indodax Earn (Staking)?

A : INDODAX Earn facilitates you to lock your crypto assets on the Blockchain network with a Proof-of-Stake system. The staked coins will generate rewards from validating transactions process.

Q : What is Proof of stake (PoS)?

A : Proof of Stake (PoS) is a consensus mechanism used in the blockchain to verify and validate Crypto Asset transactions.

Q : How INDODAX Staking works?

A : The way INDODAX Staking works is very easy, you can lock available #AsetMasaDepan and INDODAX will lock your assets into the blockchain network. 

Q : What Future Assets can I lock up?

A : You can lock the list of available coins on the staking page. Click here to access the staking page. Other future assets will be periodically added.

Q : Who can lock assets in INDODAX Staking?

A : All INDODAX members can use INDODAX Staking. 

Q : How many rewards will I receive?

A : The rewards you will receive depend on the APY Staking Rewards and the amount of #AssetMasaDepan that you lock. Use the calculator feature to simulate Staking.

Q : What is Bonding?

A : Bonding is a status stating that the asset is in the Staking queue and waiting to enter the Earning stage. (the transition from bonding to earning is done every 14.00 WIB).

Q : What is Unbounding?

A : Unbounding is a status stating that the asset that has been staked has entered the Unstaking queue and has stopped generating rewards (the transition from Unbonding to Unstaking is carried out every 12.00 WIB).

Q : What is Earning?

A : Earning is the stage where the crypto asset that is staked gets a Staking Reward.

Q : What is Unstaking?

A : Unstaking is the process to withdraw the Staked Assets.

Q : What is Finished status?

A : Finished Indicates that the asset has been successfully unstacked, and your Staking balance has been returned to your Wallet.