Staking

Certain blockchains achieve the consensus mechanism through proof-of-stake, locking assets with validator nodes. When validators stake, they earn rewards. The more coins or tokens the validators hold, the more incentive they have to behave justly. Staking also works as a method to quell inflation, as validators are rewarded to lock assets rather than mine them.

You can stake select assets from your BitGo wallets with a white-label validator, earning you an annual percentage rate (APR). Staking protocols differ by asset, offering different APRs and limitations. To help ensure network stability, some blockchains implement unbonding periods, locking assets for a period of time after unstaking them. The unbonding period differs by asset.

Note: Once you stake ETH, you can't unstake it until after the Ethereum Mainnet merges with the Beacon Chain proof-of-stake system. BitGo can't confirm when the this merge will complete.