Callisto Staking

To stake Callisto, you simply have to send your coins to the cold staking smart contract.

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How to Stake Callisto (CLO)?

Step 1.
Choose the amount of CLO you would like to stake in Guarda Wallet. The possibility of staking becomes available after the coins are deposited.
Step 2.
As the chosen amount of CLO gets deposited into the Staking Contract, these funds get locked for 27 days. During this period the staker cannot access their funds, withdraw or transfer them.
Step 3.
After the locking period is over, both the amount deposited and the staking reward are available for withdrawal. A Claim button will appear on the Receive page.

Depending on how prolonged your stake is, the amount you get as a reward will be getting bigger. Re-depositing funds during the lock period will cause a renewal of the contract, so depositing more in the Staking Contract is unadvised.

FAQ

1. How do I stake Callisto?

Open your CLO wallet on Guarda. Then hit "staking." Hit "Deposit for staking." Choose the amount you wish to send for staking.
Finally, hit "Next" and confirm the information to start earning your rewards.

2. Is it worth staking Callisto?

You can earn staking rewards for assisting the network's operation by staking CLO. It is undoubtedly a good option for a passive income.

3. How does staking work on Callisto?

Choose the amount of CLO you want to stake on Guarda. The chosen amount of CLO is then deposited into the Staking Contract, and the funds are locked for 27 days. Both the amount deposited and the staking reward are available for withdrawal after the locking period is over.

4. Can you lose money by staking CLO?

Guarda allows you to stake cryptocurrency in a non-custodial way. It is just as safe as keeping crypto in your wallet. You maintain complete control over your tokens while staked, and you can even unstake your funds at any time.
Proof-of-Stake increases network security. A hacker's attack is only possible if they have 51 percent of all coins. Attempting to hack into the blockchain's PoS algorithm is unprofitable.

Earn rewards for staking CLO

You can stake your CLO on Guarda and earn Callisto Rewards.

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What is Cold Staking?

In general terms, cold staking is a Smart-Contract based protocol that rewards long-term holders of CLO (or other cryptocurrencies available for staking) with an interest. The investors are interested in staking as it is regarded as a form of passive income for one’s coins.

Cold Staking protocol is not related either to Proof of Stake or a consensus mechanism – it is a contract between Callisto and its users, distributing the percentage of mining rewards between the holders in proportion to the stake.

Be In Charge of Your Crypto

Guarda is an ultimate solution for modern crypto management. You can do it all from the comfort of one single app. Earn with staking, Purchase, Instantly Exchange at best rates, get crypto loans, add extra security layer with Multisignature, and the list goes on.

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