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DeFiStake - FAQ's

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General

How do I log in to DeFiStake?

Step 1: Visit www.defistake.net.

Step 2: Enter your credentials and click ‘LOGIN’.

You will be directed to the DeFiStake dashboard.

How do I get registered to DeFiStake?

Step 1: Visit www.defistake.net.

Step 2: Enter your personal details.

Step 3: Get Registered by clicking on ‘Register’.

Note : If a friend referred you to the platform use the referral link/code provided.

How do I reset my password?

Step 1: Visit www.defistake.net.

Step 2: Click on ‘Forgot Password’?

Step 3: You will be redirected to a ‘Reset Password’ page, enter your email address to which a 6 digit code will be sent.

Step 4: Enter the 6 digit code on www.user.defistake.net/reset-password and click ‘Next’.

You should be able to reset your password.

How do I contact DeFiStake?

If you wish to get in touch with us, please write to us at support@defistake.net.

Are there any fees to create an account?

No, there are no fees applicable to create your account, it’s an absolutely free process.

How do I close my account?

For now, the only way you can close your account is by contacting customer support with that request. If you have a verification issue or want to change your ID info, submit a request and select Identity verification. If there are any other questions or issues, share them with us at support@defistake.net. We'd love to hear how we can do better.


To close your account, send the following to customer support at support@defistake.net:

• Copies of documents you used for verification

• Reasons for closing your account

We will check your info and help you close your account.

Swap

How does DeFiStake Swap work?

The DeFiStake Swap system is integrated into the largest cryptocurrency stock exchanges. There is no deposit storage, only instant coin exchange on our service. So we are able to find the most profitable exchange rate for our customers in a very short time.

What are the cryptocurrencies available for swapping?

DeFiStake supports various cryptocurrencies. We are working to support more assets in the future. If you have any suggestions, please feel free to contact our customer support.

Why should I trust DeFiStake?

DeFiStake is a project created for the convenience of customers. Our users don’t need to create accounts or store deposits on our service. Thanks to this, the customers are protected from any kind of financial theft. We provide the best rates comparing a wide range of reliable trading platforms.

What is a cryptocurrency wallet address?

A crypto wallet is an alternative to a physical wallet, which exists only in a digital form. Such a wallet is responsible not only for the safety of your coins, it also includes private and public keys that are necessary for conducting the transactions. Each wallet contains information about the availability of the user's coins.

A private key is a kind of password that looks like an alphanumeric string. You need the private key to access your wallet.

This information must be private and well-protected. Don’t show or send your private key to anyone, no one should ask you to do this!

A public key is a wallet address. It looks like an alphanumeric string too.

The wallet address is provided to other users. It is used to receive cryptocurrency.

What is the minimum amount of exchange?

DeFiStake doesn’t have limits for cryptocurrency exchanges. However, the network fee is charged by the blockchain for every transaction to be performed. So the sent amount must be sufficient to cover all the network fees.

We do our best to make the minimum amount for exchange the lowest for all coins available on our service.

Unfortunately, there is no opportunity to finish an exchange or guarantee a refund of coins if a deposit amount is less than the minimum one.

DeFiStake does not have any limits for floating rate exchange. It means that you can swap as much crypto as you want.

What is the maximum amount of exchange?

DeFiStake does not have any limits for floating rate exchange. It means that you can swap as much crypto as you want.

Staking

How does DeFiStaking work?

Staking (also called Proof of Stake) is built-in inflation that maintains the long-term security of the network. New coins are created to pay validator nodes who “vote” secure the coin and process transactions. While validation requires technical expertise and needs to be one of the very largest owners, stake can be pooled.

DeFiStake runs a validator node as a service. You delegate the voting weight of your currency to our node and earn the block rewards less our fee. While you hold on to your currency, this process is not entirely risk-free.

How does custody for staking and lending work?

Staking and lending are both non-custodial. You are always in complete control of your private keys and funds throughout the staking and lending processes. You are free to undelegate or withdraw your funds at any time, subject to the lock-up requirements for each protocol.

Can I buy tokens from DeFiStake?

No, DeFiStake does not sell any tokens. You can buy tokens from exchanges such as Bitfinex, Coinbase, Shapeshift and Probit.

What is the minimum amount of time that I can stake with DeFiStake ?

Staking usually requires an unbonding period, which is the period of time you need to hold staked currency before it can be sold or transferred. DeFiStake does not impose any minimum staking period but you will be subject to the unbonding period of the specific currency.

What are the advantages of DeFi Staking?

  1. Easy to use: You don't need to manage private keys, acquire resources, make trades, or perform other complicated tasks to participate in Staking.
  2. Funds are safe: DeFiStake selects only the best DeFi projects in the industry and monitors the DeFi system in real-time while it's running in order to reduce the risks associated with such projects.
  3. Higher earnings: DeFi Staking does away with the exorbitant fees that come with trading capital. With the consistent level of risk, users are able to earn the highest possible returns in the best way.

After I participate in staking, how is the earnings cycle calculated?

Once funds are successfully allocated to Locked Staking, earnings are calculated beginning at 00:00 (UTC) the following day. The minimum earnings calculation period is one day; earnings for a period of less than one day will not be included in the earnings distribution.

If I redeem early, can I earn part of the interest?

Early redemption will unfortunately deduct all interest based income. This is because assets pledged to participate are locked in the smart-contract on-chain, and the redemption operation requires a more complicated manual operation to initiate and includes certain blockchain transfer fees.

Does DeFiStake bear the losses if an on-chain contract is attacked during staking?

No. We only act as a platform to showcase projects and provide users with related services, such as accessing funds on behalf of the user and distributing earnings, etc. DeFiStake does not bear any liability for losses incurred as a result of on-chain contract security.

Gaming

What is GameFi?

GameFi refers to the financialization of video gaming. Similar to the popular crypto term DeFi, or decentralized finance, GameFi is a fusion of the words “game” and “finance.”

GameFi is a rather broad term, and, as we’ll explain in this article, titles that are considered GameFi may have entirely different financial elements to one another. For example, some blockchain games reward players for completing in-game tasks while others may enable revenue generation from the various assets a player owns.

It is important to note that GameFi is not gambling. The games we consider part of this emerging sector require players to leverage a mix of skill and strategy to generate income. Although luck may be a part of these games, it is not the predominant factor in determining who wins or is eligible for financial reward.

Can I play real-time games with DeFiStake?

Yes. Real-time gameplay is enabled through Game Channels.

Does my game have to be decentralised?

No. You can use as much or as little of the DeFiStake platform as you wish.

How do GameFi games work?

GameFi comes in many different forms today. As such, the mechanisms by which players can generate revenue through their gameplay vary. However, there are a few important themes worth mentioning. Many of the most popular blockchain games today use a combination of the following features to monetize the action.