Staking - Avalanche (AVAX)
Introduction
- The on-chain staking service provided by MAX is a product designed to generate yield based on the Proof-of-Stake (PoS) mechanism.
- Compared to other platforms, this product has the following features:
1. ✓ Payouts once a week*
2. ✓ Generate predictable yield with crypto
3. ✓ Stake your crypto with a few taps from your MAX app
4. ✓ Unstake anytime**
Staking protocol
- Avalanche Network is a high-performance and low-latency blockchain platform designed for decentralized applications (DApps), DeFi ecosystems, and enterprise-level use cases. Avalanche adopts a unique consensus protocol to enable fast transaction finality and high scalability.
- Currently, the staking rate on the Avalanche network exceeds 56%, with total staked assets on the mainnet valued at approximately $8.15 billion, ranking among the top 10 PoS mainnets globally. The total value locked (TVL) in Avalanche’s DeFi ecosystem exceeds $1.45 billion, distributed across well-known protocols like Aave, Trader Joe, and Benqi.
- The auditing entity is OpenZeppelin.
Yield
- Yield are generated through PoS staking.
- The expected annual percentage yield (APY) is displayed on the staking page.
- Yield are distributed weekly.
Risks
- Loss of assets may occur if the private key of the staking node is compromised.
- Abnormal reward distribution may arise if the consensus mechanism is poorly designed.
- The Avalanche network may experience temporary interruptions or losses due to technical or security vulnerabilities.
Fee
10% of the generated yield will be charged as fees. If yield are received in MAX Tokens, the fee will be waived.
Staking / Unstaking Processing Time
- Staking / Unstaking Processing Time: Please refer to the times displayed in the app.
