We are excited to introduce a new feature that will significantly enhance your ETH staking experience on the BF platform.
Introducing Auto-Restaking for Your ETH Staking Rewards:
We understand the importance of maximising your weekly ETH income while keeping things convenient. With that in mind, we’re thrilled to announce the launch of our Auto-Restaking feature for ETH staking rewards. This feature empowers you to automatically reinvest your weekly ETH staking rewards, ensuring that your rewards are continuously compounded.
How Auto-Restaking Works:
By enabling Auto-Restaking, your weekly ETH staking rewards will be automatically reinvested into your staking account. This means that you won’t have to log in every week to manually restake your rewards. The power of compounded yield will take effect, allowing your staked ETH to generate even greater ETH returns over time.
The Power of Compounded Yield with ETH Staking:
Compounded yield has a remarkable ability to amplify your ETH over the long term. As you reinvest your rewards, you’re essentially earning ETH rewards on your ETH rewards. This compounding effect can lead to growth in your ETH holdings in the long term, offering you the potential to achieve your ETH goals faster.
How to Enable Auto-Restaking:
Enabling Auto-Restaking is quick and easy. Simply log in to your BF account, navigate to the funds section in your BF account, click on the ‘Staking ETH’ tab, and toggle the Auto-Restaking button so it’s green.
Once activated, you’ll get a pop up with more details and once confirmed you’ll be on your way to harnessing the power of compounded ETH staking rewards without the need for manual intervention. A complete step-by-step guide is provided below.
We’re committed to providing you with innovative features that enhance your investment journey. Auto-Restaking is just one example of our dedication to helping you make the most of your investments.
Here’s to a future of compounded ETH yield!
Warm regards,
BF Investor Relations
Your Guide To Enabling Auto Re-Staking On Your BnkToTheFuture (BF) AccountFor Compounded ETH Yield
Experience the benefits of compounded ETH staking rewards effortlessly with our Auto Re-Staking feature. Say goodbye to the hassle of manually reinvesting every Monday. This innovative tool empowers you to earn ETH yield upon ETH yield with zero extra effort. This comprehensive guide walks you through activating, verifying, and monitoring your ETH staking rewards with Auto Re-Staking.
Step 1: Access Your Account and Navigate to the Funds Section
Login to your account and proceed to the funds section.
Step 2: Enable Auto Re-Staking
Within the ‘Staked ETH’ tab, you’ll find your ‘Staked ETH’ dashboard. The ‘Total Staking Rewards’ section holds a toggle at the bottom. If you haven’t already, activate ‘Auto Re-Staking’ here. By enabling this feature, the ETH rewards you receive every Monday will be automatically reinvested, giving you compounded ETH yield. This process requires no manual intervention. You can always adjust this setting later through the Staking Dashboard.
Step 3: View Further Details
For more information, click the question mark icon.
Step 4: Toggle Activation
Slide the toggle to the right, changing its colour from grey to green. A popup window will provide additional information. Remember, you can easily disable this feature at any time in the future.
Step 5: Stay Informed Every Monday
With Auto Re-Staking active, the toggle will appear in green. Expect a notification each Monday, detailing the amount of ETH queued for staking.
Step 6: Monitor Your Progress
While on this screen, access a chart illustrating your received staking rewards. Beneath the chart, transaction details are broken down. Click the ‘Pending Staking’ button in the pending box to track the status of your staking requests.
Step 7: Check Your Staking Status
You’ll encounter three statuses on the staking rewards page. Requests awaiting the 32 ETH threshold when combined with other BF customers in a pool will be marked as ‘In BF Queue.’ Once the threshold is reached and the assets are pooled with fellow BF investors, the status will switch to ‘Validator In The Queue,’ indicating presence in the Ethereum Blockchain queue. Active requests that are generating rewards will be labelled accordingly. With Auto Re-Staking enabled, there’s no need for manual requests. Your rewards will be automatically reinvested each Monday. Simply await your turn in both queues every week, and enjoy the rewards.
Experience the power of Auto Re-Staking for effortless compounded ETH staking rewards. Let technology work for you, ensuring your ETH yield grows without added effort. Login and enable Auto Re-Staking here now.
ETH STAKING RISK WARNINGS
Risk Warning: Staking ETH involves certain risks that you should be aware of before making any investment decisions. Please consider the following risk warning carefully:
- Volatility of Cryptocurrencies: Cryptocurrencies, including ETH, are known for their price volatility. The value of your staked ETH may fluctuate significantly, and you may experience gains or losses based on market conditions
- Technical and Operational Risks: Staking ETH requires technical expertise and understanding of the underlying blockchain technology. There is a risk of technical failures, network disruptions, hacking attempts, or other operational issues that could impact the security and performance of the staking process.
- Regulatory and Legal Risks: The regulatory landscape surrounding cryptocurrencies and staking activities is evolving and subject to change. There may be uncertainties and potential legal or regulatory risks associated with staking ETH, including tax obligations, compliance requirements, and restrictions imposed by regulatory authorities.
- Slashing and Penalties: Validators in ETH staking are subject to penalties, known as slashing, for improper behavior or failure to meet their obligations. These penalties can result in a loss of a portion of the staked ETH.
- Market and Liquidity Risks: The liquidity of staked ETH may vary, and it may not be easily convertible or accessible when desired. In certain market conditions or during network upgrades, there may be limitations or delays in accessing your staked assets.
- Technology and Security Risks: Staking ETH involves interacting with smart contracts, decentralized networks, and third-party platforms. There is a risk of potential vulnerabilities, bugs, or security breaches that could result in the loss or theft of your staked assets.
- Past Performance is Not Indicative of Future Results: The historical performance of staking activities or returns earned by other investors is not a guarantee of future performance. Staking outcomes are subject to various factors, including market conditions and network dynamics.
It is important to note that the above risk warning is not exhaustive and does not cover all potential risks associated with staking ETH. We strongly recommend conducting thorough research, understanding the risks involved, and consulting with a qualified professional before engaging in ETH staking or any other investment activity.
Please carefully consider these risks and assess your risk tolerance and investment objectives before proceeding with ETH staking.
You can read all risk warnings here.
