Nexo is a popular, global crypto interest, lending and now a staking platform, as they added Ethereum staking to its service.
Nexo’s Ethereum Smart Staking is a very simple way to stake your funds within the Nexo platform.
To start staking with Nexo Smart Staking, simply swap your ETH into NETH (Nexo Staked Ethereum). A minimum of $10 is required.
Each NETH is backed 1:1 with ETH, and having it in your wallet confirms you are staking your backed ETH. NETH can be exchanged at any time for native ETH.
More about Nexo Smart Staking
- 4-12% APY, paid out daily
Once you have NETH, you immediately start accruing compound interest. You receive the staking rewards daily, in-kind, directly to your Nexo Savings or Credit Wallet.
- Same APY regardless of Loyalty tier
The rate is the same for all users, regardless if you hold NEXO Tokens in your account or not.
- No balance limits or tier
Stake as much as you want and earn the same APY.
Is Nexo Smart Staking available in the US?
Ethereum Smart Staking is not available in the US, Canada or Australia.
How to Stake with Nexo?
The quickest way to start staking is to go directly to the Nexo Exchange in the Nexo Wallet.
- Open Nexo Exchange.
- Select ETH in the Pay With field and NETH in the Receive field and click I Understand.
- Choose the amount of ETH you’d like to swap for NETH.
- Click Preview Stake and then Stake ETH.