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What is Phala Network?
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Phala Network
PHA
Phala Network is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet
Staked
10%Staked
0%Unstaked
90%Unstaked
0%Add to your watchlist
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*Ability to stake subject to location and rate subject to change.
Staking Phala Network
Staking Stats
Est. Reward Rate APY
13.59%
Reward Change 24H
-1.40%
Reward Change 30D
-20.42%
Asset Market Cap
$416.5M
Staking Market Cap
$40.7M
Tokens Staked
75.4M
Percent Staked
9.77%
Powered by Staking Rewards
Phala Network staking is on the decline this month.
The current estimated reward rate of Phala Network is 13.59%. This means that, on average, stakers of Phala Network are earning about 13.59% if they hold an asset for 365 days. 24 hours ago the reward rate for Phala Network was 13.78%. 30 days ago, the reward rate for Phala Network was 17.08%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 9.77%. In other words, there are 75.4M of Phala Network staked, which means that Phala Network has a staking market cap of $40.7M. This is compared to a total asset market cap of $416.5M.
Rewards
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Benefits of staking Phala Network
Put your crypto to work
Staking can be a way of making your Phala Network work by generating rewards, rather than collecting dust in your crypto wallet.
Support the projects you like
Staking can also be a way to contribute to the security and efficiency of Phala Network. By staking some of your funds, you make the blockchain more resistant to attacks and strengthen its ability to process transactions.
It’s passive income
You can enroll with just a few clicks or when you join staking pools. While Phala Network is not available to stake on Coinbase, it is available to trade. Sign up to trade Phala Network today.
FAQ
How to stake Phala Network?
You can earn rewards for Phala Network through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.
When can I start earning rewards with Phala Network?
You start earning yield with most of the Staking and Standard Rewards assets once they are purchased. To earn yield by staking ETH or depositing assets in DeFi yield, you will need to purchase the asset and then agree to terms to enable the option and start earning rewards.
What are the risks around staking Phala Network?
Staking requires your Phala Network to be locked on the protocol in order to earn rewards. During this time you won't be able to trade or transfer your Phala Network. The lock up periods are defined by protocols and can range from a few hours to a few days. Coinbase does not impose any lock up periods. No additional lockup periods are imposed by Coinbase.
How much can I make staking Phala Network?
The current estimated reward rate of Phala Network is 13.59%. This means that, on average, you can earn about 13.59% for current block/epoc rewards for Phala Network.
How many Phala Network tokens are currently staked?
Currently, 75.4M are staked, which means that the staking market cap of Phala Network is $40.7M.
What percentage of Phala Network is currently being staked?
Of the available tokens, 9.77% is currently staked.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.