Zignaly offers rewards on its native ZIG coin as well as exciting offers from its partnerships distributed from staking pools, directly in the Zignaly vault.
The Zignaly Vault is a reliable, safe way to stake idle crypto assets and earn high interest! ✨
In this Article:
How does it work?
You have a few choices to participate now 🤓
These are automated rewards. In order to purchase and deposit ZIG coins, this article can clarify clear steps for you: Deposit ZIG coins.
2. You do a specific token deposit in the corresponding pool.
For example, "Hold PDD and earn PDD".
3. You stake a token with a lock-up period.
For example: "Stake BNB and get NEOFI". For more info regarding this type of vault, click here.
In some cases, you must maintain a specified minimum amount of ZIG coin (known as 'aside coins').
Locked funds (for example ZIG Coins from referral rewards) would not count towards this.
The wallet snapshot will be taken daily at a random time.
Rewards are calculated based on a snapshot of your balance taken 14 to 31 days prior, depending on the terms.
View the terms within the vault to see distribution start/end dates.
You will see the rewarded ZIG coin added to your total ZIG wallet balance (also under 'Wallet Transactions').
From your ZIG wallet, select 'All Vault offers' to view the current staking pools:
Within the list of Active Vault Offers, click on 'terms' to see the full details of each staking pool.
Here you will see the minimum balance of ZIG coins required to keep in your ZIG wallet.
Included is the pool start date.
Also specified are the total rewards, distribution dates, and the frequency that the rewards will be transferred into your ZIG wallet.
In case you cannot find your rewards as expected, you can refer to this article for further understanding of how it works: Why am I not receiving Staking Rewards?
Reward Withdrawals & Flat Fees
ZIG coin utilities also include our flat-rate network fee on withdrawals!
When you proceed to withdraw your staking pool rewards, your ZIG coins will cover the network withdrawal fees.
The flat fees for each of the networks are:
Binance Smart Chain (BEP20) → 15 ZIGs
Ethereum (ERC20) → 500 ZIGs
Polygon (MATIC) → 5 ZIGs
For example, if you withdraw 100 ZIGs in BSC network, you will receive 85 ZIGs. If you withdraw 10 BUSD using the BSC network, you will still receive 10 BUSD, and 15 ZIGs will be deducted from your ZIG coin balance.
🚨 June 2022 Update: BIG News!
Some of the vaults' offer terms will change as we know them, with new amazing features to make you one happy holder! 💰💰💰
For specific vaults, you will have to stake the coins to the specific program of your choice, instead of keeping them in your wallet. What does this mean? The staked coins will be transferred out of your wallet and returned once the staking period is finished.
Can I increase my staking amount?
Do I have to have ZIG coins in the ZIG wallet?
We may require staked ZIGs for the programs (we call these "aside coins"). They will boost your staked coins.
Can I request an early return of my coins?
You can, part of it or all of it. Please note that there is a penalty to do so in some cases. Remember, it is not a general rule, it depends on the program conditions.
If I request the return, which coins will I get?
You will only be able to reduce your staked coins, not your "aside coins".
You will recover the aside coins only if you reduce all of your main staked coins completely.
What kind of conditions can I expect?
Each program will have different penalties and periods for un-staking. You will not receive the distribution coins for those coins you removed.
Some vaults won't allow un-staking; it will be mentioned in the staking terms and when you stake your coins.
How can I boost my coins?
It will allow multiplying the value of your staked coins. For example, a vault program could offer the following boosts:
5,000 ZIGs ➡️ 1.00x
15,000 ZIGs ➡️ 1.10x
30,000 ZIGs ➡️ 1.20x
This means that if a user stakes 10 XYZ, depending on the number of ZIGs that you stake, the 10 XYZ will have a greater value in the calculations for the distribution, isn't that great? 🤑
Is it possible to reduce or increase the boost?
It is possible to increase it only, not to reduce it.
What is the difference between "staked coins" and "aside coins"?
Staked coins are the coins you need to deposit 'and will be retained' to participate in the vault.
Aside coins may be requested to participate in certain vaults.
Can locked coins be staked in this vault program?
No, locked coins can not be staked in this vault program.
Are the previous vaults going to disappear?
No, we will keep the automatic vault modality as well, as you know it.
"Stake BNB and get NEOFI"
Staking Period: from June 1st to June 15th
Distribution Period: from July 1st to July 15th
Reward: 15000 NEOFI (1000 NEOFI per day)
Minimum Staking Amount: 0.1 BNB and 10,000 ZIGs
Un-staking 'is' allowed, these options are: