$CVR STAKING GUIDE
The wait is finally over as we are extremely ecstatic to announce our staking programme on the Ethereum Chain in collaboration with Ferrum Network which is ready to go live on the 15th of December at 6:00pm UTC. Users will now be able to stake their $CVR tokens to earn up to 85% in APY.
The staking programme is categorized into 3 pools, each with its own terms which are:
- Gold — With a mandatory lock period of 40 days, an APY of 25% and 90 days until maturity
- Silver- With a mandatory lock period of 80 days, an APY of 55% and 180 days until maturity
- Platinum — With a mandatory lock period of 160 days, an APY of 85% and 360 days until maturity
The different options enable users to stake their $CVR according to their return requirements. We will be staking with the help of Ferrum Network who is a cross-chain blockchain service DeFi company that interoperates across chains and removes barriers to mass adoption, with over 70 staking clients and a total value locked of $35,000,000.
In case of any confusion on how to stake, here is a step-by-step tutorial on how you can stake your $CVR’s at the earliest
Step 1: Make sure you have $CVR ERC-20 as we are on the Ethereum Chain
You can purchase $CVR via the below links:
- Orion Protocol
Step 2: Head over to the Ferrum Network Staking Pool platform and stake your $CVR ERC-20 or click the link below
With the help of just 2 simple steps, you can now stake in your very own $CVR tokens and earn comfortable returns without any hassle. You can keep yourself updated on when the staking is live and other details by following us on our social media platforms.
So hurry up and stake away!
About Ferrum Network
Ferrum Network is a cross-chain Blockchain as a Service DeFi company that specializes in adding deflationary token utility and advisory services to projects across the crypto space.
With the mission of breaking down barriers to mass adoption in mind, Ferrum builds white-label blockchain solutions that empower startups and established organizations, enabling them to get their core products to market faster.
CoverCompared is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.