An update about staking with Coinbase (Email)

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An update about staking with Coinbase (Email)

Post by thaterrormessage »

Starting March 29, 2023, our terms and conditions for staking are changing.
Here’s what you need to know:
Your staked assets will continue earning rewards. If you want to continue staking, no action is required. Your staking rewards may actually increase.

You earn rewards from the protocol, not Coinbase. Coinbase acts only as a service provider connecting you, the validators, and the protocol. We pass along any rewards earned from staking, minus a transparent Coinbase fee. In rare cases, your staked assets may be lost due to network penalties or other errors. Learn more

ATOM, SOL, ADA, and XTZ must be unstaked before you sell or send them. This could take a few hours or a few weeks, depending on the asset. The time required is due to protocol rules and Coinbase’s processing time.
If you want to opt out of these changes, unstake your assets on or before March 21, 2023. Keep in mind if you unstake, you’ll no longer earn staking rewards. Unstake to opt out
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