20% p.a CRO Mainnet Staking Rewards on Crypto.com DeFi Wallet

2021-03-25 02:00:00 · 5348 views · 3 min read



One Place for Everything DeFi


In line with the spirit of decentralization, the CRO Mainnet will be launched as the Crypto.org Chain with Crypto.org Coin (CRO) as its native currency on March 25, 2021.



Mainnet CRO staking rewards will be made exclusive to validators and millions of individual users delegating CRO to validators via DeFi Wallet. It will enable one-click delegation of staking and rewards collection at Mainnet launch with no minimum staking requirements. Mainnet CRO staking rewards on the Crypto.org Chain will be set at ~20% p.a.



What is Crypto.com DeFi Wallet?


It is a non-custodial DeFi Wallet that allows you to store, earn and grow your crypto assets. It offers you full control of your crypto assets and private keys. Your private keys are protected by Biometric Authentication Technology and 2-Factor Authentication which provide an extra layer of security for users. With the Crypto.com DeFi Wallet, users can enjoy a full suite of DeFi services in one place. 




Crypto.com DeFi Wallet Features: 


The core value of the Crypto.com DeFi Wallet is being secure, decentralized, convenient and flexible.



Mainnet CRO Staking - Rewards will be set at ~20% p.a


DeFi Swap  - Swap DeFi coins at the best available rate


DeFi Earn - Grow your assets and earn passive income with no minimum terms 


WalletConnect - Support WalletConnect, it allows you to connect with DeFi Swap and other DApps in one place.


Secure - Your private keys are encrypted locally on your device with Secure Enclave


ETH & CRO TestNet Support - Perform test transactions on the Testnet blockchain


Mainnet CRO Staking:

CRO Mainnet Staking rewards will be set at ~20%p.a in the network launch phase with an estimated 500M CRO in yearly rewards to be distributed. It will be  available only on the DeFi Wallet. It will be given to validators (and millions of individual users delegating CRO to validators via DeFi Wallet) which helps secure the network and participate in the consensus to approve blocks and validate transactions.



DeFi Swap:

Swap ETH and many other ERC-20 tokens directly on the DeFi Wallet with DeFi Swap integration. It supports pairs in Ethereum (ETH), Crypto.com Coin (CRO), Uniswap (UNI), Dai (DAI), and many other ERC-20 tokens. 



DeFi Earn:

DeFi Earn allows you to deposit your crypto assets to the Compound and Yearn lending pools through native in-app integration. There is no minimum term, and you can withdraw their deposit with the accrued interest at any time. DeFi Earn also supports Cosmos Staking that allows you to stake and grow your ATOM via validator delegations. DeFi Earn gives you easy access to grow 12 DeFi tokens: Compound (COMP), ATOM, Yearn (YFI), BAT, DAI, ETH, UNI, USDC, USDT, WBTC, and ZRX — with more to come.




You can send and receive up to 90 cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Uniswap (UNI), Compound (COMP), Yearn Finance (YFI), Stablecoins and other ERC20 tokens. With the multi-wallets function, you can have more than one wallet by creating new wallets or importing existing wallets. Crypto.com DeFi Wallet is also integrated with WalletConnect, allowing you to connect with DeFi Swap and other DApps by scanning the QR Code.




Your private keys are encrypted locally on your device with Secure Enclave, protected by Biometric Authentication Technology and 2-Factor Authentication. Simplified backup and recovery with your unique 12-word backup phrase.



Testnet Support:

Finally, users can perform test transactions easily on the Testnet blockchain without the risk of losing real funds. You can change your wallet network from Mainnet to CRO testnet and Ethereum testnets including; Ropsten, Kovan, Rinkeby, and Goerli to use this service. 



Download the Crypto.com DeFi Wallet Now




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