Staking Additional terms

These Additional Staking Terms supplement the Client Account Agreement which sets out the terms and conditions of your access to and use of the proprietary Digital Asset trading platform (the “Platform”) operated by Coinsquare Capital Markets Ltd. (“Coinsquare”) published at Coinsquare’s website at: https://coinsquare.com/en-ca/ccml-caa/ (the “Client Account Agreement”). These Additional Staking Terms may be amended by Coinsquare at any time in its sole discretion.

Ethereum (ETH)

  1. SERVICE FEES
    Rewards earned in connection with staking ether (“ETH”) are subject to a Coinsquare Service Fee of up to 30.00%.
  2. STAKING ETH
    In connection with Staking Services provided to you by Coinsquare pursuant to the Client Account Agreement and the Staking Addendum, you acknowledge and agree that:
    1. Once staking is initiated, a validator enters a queue to become “activated” which is subject to a variable period that is determined by the Ethereum Network and the network acknowledges the ETH to be deposited to the staking smart contract. Once completed, the ETH deposit is officially accessible to the Beacon Chain and remains in a “pending (bonding) state” until activated. Since only four validators are activated per epoch, activation may take days or even weeks to complete. Once activated, the validator begins accruing rewards for securing the network. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The periodic (monthly or annual) statements that Coinsquare makes available to you will include details pertaining to staking including the amount staked, the amount of rewards earned for the period, and the amount of fees paid for the period.
    2. You may withdraw your staked ETH or rewards from a validator (known as “unbonding”). Similar to the activation of a validator, a queue will be formed for users attempting to unbond their stake and withdraw their assets. This queue for unbonding can take up to forty-five (45) days.
    3. Coinsquare will not make payments of any missed reward (a reward that is not earned by the validator) that may occur in connection with staking ETH.
    4. With respect to any rewards earned on your staked ETH: (i) Coinsquare’s custodian will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with the custodian; (iii) Coinsquare will be entitled to a fee of up to 30% in respect of the Net Rewards (the “Coinsquare Service Fee”); and (iv) after the Coinsquare Service Fee has been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.

Solana (SOL)

  1. SERVICE FEES
    Rewards earned in connection with staking SOL, the native token of the Solana Network, are subject to a Coinsquare Service Fee of up to 30.00%.
  2. STAKING SOL
    In connection with Staking Services provided to you by Coinsquare pursuant to the Client Account Agreement and the Staking Addendum, you acknowledge and agree that:
    1. When you delegate or un-delegate SOL, the delegated SOL does not change state immediately. Newly delegated tokens are considered “activating”or “warming up” and are not eligible to earn rewards until they are fully activated. Newly un-delegated tokens are considered “deactivating” or “cooling down” and are not able to be withdrawn until deactivated. The Solana Network only allows tokens to finish changing state at the beginning of a new epoch (as described below).
    2. The Solana Network computes and distributes staking rewards once per epoch. If a reward is accrued in a given epoch, it will be issued in the first block of the following epoch. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The periodic (monthly or annual) statements that Coinsquare makes available to you will include details pertaining to staking including the amount staked, the amount of rewards earned for the period, and the amount of fees paid for the period. For each epoch, your share of SOL rewards is proportionate to the amount of SOL that you had staked when the epoch began.
    3. With respect to any rewards earned on your staked SOL: (i) Coinsquare’s custodian will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with the custodian; (iii) Coinsquare will be entitled to a fee of up to 30% in respect of the Net Rewards (the “Coinsquare Service Fee”); and (iv) after the Coinsquare Service Fee has been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.

Polygon MATIC (MATIC)

  1. SERVICES FEES
    Rewards earned in connection with staking Polygon MATIC tokens (“MATIC”) are subject to Coinsquare Services Fees of up to 30.00%.
  2. STAKING MATIC
    In connection with Staking Services provided to you by Coinsquare pursuant to the Client Account Agreement and the Staking Addendum, you acknowledge and agree that:
    1. As with trading, deposits, and withdrawals, CCML only supports MATIC as an ERC20 token on the Ethereum Mainnet. CCML does not provide any support for MATIC (Native) on the Polygon Network. All MATIC staking is done with ERC20 tokens on Polygon’s infrastructure on the Ethereum Mainnet (Layer 1).
    2. When you stake MATIC through the Services, you are delegating your tokens to a validator that is staking them on the Ethereum Mainnet network as ERC20 tokens, not native MATIC tokens on the Polygon network. Once your MATIC is staked, you will receive staking rewards upon the completion of each successful checkpoint submission. Checkpoints are submitted roughly every half hour but can be delayed due to congestion on the Ethereum Mainnet network. The percentage for the rewards distributed to you after each submitted checkpoint depends on your relative delegated stake with the validator, and the total amount of MATIC staked. Distributed awards may be sent to an Ethereum address or redelegated to a validator to increase your staked MATIC amount.
    3. If a reward is accrued after a checkpoint, it will be issued in the first block following the checkpoint submission. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The periodic (monthly or annual) statements that Coinsquare makes available to you will include details pertaining to staking including the amount staked, the amount of rewards earned for the period, and the amount of fees paid for the period. For each successful checkpoint submission, your share of MATIC rewards is proportionate to the amount of MATIC that you had staked when the submission occurred.
    4. You may unbond (withdraw) any or all of your staked MATIC at any time. Once you unbond your staked MATIC, this will withdraw your rewards and staked MATIC from the validator, and you will stop receiving rewards. Your withdrawn tokens will be locked by the validator during the Unbonding Period.
    5. With respect to any rewards earned on your staked MATIC: (i) Coinsquare’s custodian will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with its Custodian; (iii) Coinsquare will be entitled to a fee of up to 30% in respect of the Net Rewards (the “Coinsquare Services Fees”); and (iv) after the Coinsquare Services Fees have been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.
  1. Glossary
    “Unbonding Period” is the designated amount of time, set by the protocol, that a delegator must wait before receiving access to withdrawn tokens. For MATIC, the unbonding period is 80 epochs, which currently equals 1.5 – 2 days. This occurs to prevent malicious behaviour on the network.

Polkadot (DOT)

  1. SERVICE FEES
    Rewards earned in connection with staking DOT, the native token of the Polkadot blockchain, are subject to a Coinsquare Service Fee of up to 30.00%.
  2. STAKING DOT
    In connection with Staking Services provided to you by Coinsquare pursuant to the Client Account Agreement and the Staking Addendum, you acknowledge and agree that:
    1. When you stake DOT through the service, you are nominating your tokens to a validator that is staking them on the Polkadot blockchain. Once your DOT is staked, you will receive a staking reward upon the completion of each era. Era points are earned by validators for several payable actions including issuing validity statements for parachain blocks and producing non-uncle blocks in the Relay Chain. Validators are paid proportionally for the era points they earned during the previous era. The amount of rewards distributed to you after each era depends on your relative nominated stake with the validator, and the number of era points earned by the validator. Distributed awards may be sent to a Polkadot address or nominated to a validator to increase your staked DOT amount.
    2. If a reward is accrued aduring an era, it will be paid to the validator upon the completion of the era. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The periodic (monthly or annual) statements that Coinsquare makes available to you will include details pertaining to staking including the amount staked, the amount of rewards earned for the period, and the amount of fees paid for the period. For each successful era, your share of DOT rewards is proportionate to the amount of DOT that you had staked during the era.
    3. You may unbond (withdraw) any or all of your staked DOT at any time. Once you unbond your staked DOT, this will withdraw your rewards and staked DOT from the validator, and you will stop receiving rewards. Your withdrawn tokens will be locked by the validator during the Unbonding Period.
    4. With respect to any rewards earned on your staked DOT: (i) Coinsquare’s custodian will be entitled to a fee and may pay a portion of that fee to any third-party service provider itselects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with its Custodian; (iii) Coinsquare will be entitled to a fee of up to 30% in respect of the Net Rewards (the “Coinsquare Services Fees”); and (iv) after the Coinsquare Services Fees have been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.
  3. Glossary
    “Unbonding Period” is the designated amount of time, set by the protocol, that a nominator must wait before receiving access to withdrawn tokens. For DOT, the unbonding period is 28 eras, which is expect to equal 28 days, but is subject to change based on Network parameters. This occurs to prevent malicious behaviour on the network.

Cardano (ADA)

  1. SERVICE FEES
    Rewards earned in connection with staking ADA, the native token of the Cardano network, are subject to a Coinsquare Service Fee of up to 30.00%.
  2. STAKING ADA
    In connection with Staking Services provided to you by Coinsquare pursuant to the Client Account Agreement and the Staking Addendum, you acknowledge and agree that:
    1. When you stake ADA through the Services, you are delegating your tokens to a stake pool to be staked on the Cardano network. Once your ADA is staked, it will enter a bonding period lasting 5 epochs (an epoch is spproximately 5 days). You will receive staking rewards upon the completion of each epoch following the bonding period. Stake pools receive staking rewards earned during the previously completed epoch. Staking rewards are earned for block production and funded by transaction fees collected during the previously completed epoch. The percentage for the rewards distributed to you after each epoch depends on your relative delegated stake with the stake pool, and the number of staking rewards earned by the stake pool. Staking rewards earned may be sent to an external addressor delegated to a validator to increase your staked ADA amount.
    2. If a staking reward is accrued at the end of an epoch, it will be paid upon the completion of the first block following the epoch. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The periodic (monthly or annual) statements that Coinsquare makes available to you will include details pertaining to staking including the amount staked, the amount of rewards earned for the period, and the amount of fees paid for the period. For each epoch, your share of ADA rewards is proportional to the amount of ADA that you had staked with the stake pool during the epoch.
    3. You may withdraw any or all of your staked ADA at any time. Once you withdraw your staked ADA, this will withdraw your staking rewards and staked ADA from the stake pool, and you will stop receiving rewards. You may withdraw your staked ADA tokens immediately upon their release from the stake pool.
    4. With respect to any staking rewards earned on your staked ADA: (i) Coinsquare’s custodian will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the staking rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with its Custodian; (iii) Coinsquare will be entitled to a fee of up to 30% in respect of the Net Rewards (the “Coinsquare Services Fees”); and (iv) after the Coinsquare Services Fees have been paid, your account will be credited with any remaining portion of the rewards, and, subject to any un-delegating, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.

Cosmos (ATOM)

  1. SERVICE FEES
    Rewards earned in connection with staking ATOM, the native token of the Cosmos Hub, are subject to a Coinsquare Service Fee of up to 30.00%.
  2. STAKING ATOM
    In connection with Staking Services provided to you by Coinsquare pursuant to the Terms and the Staking Addendum, you acknowledge and agree that:
    1. When you stake ATOM through the Services, you are delegating your tokens to a validator that is staking them on the Cosmos network. Validators are paid block rewards and transaction fees proportionally for the blocks they validate during each round. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The amount of rewards distributed to you depends on your relative stake with the validator, and the number of staking rewards earned by the validator. Distributed awards will be sent to a Cosmos address or delegated to a validator to increase your staked ATOM amount.
    2. If a reward is accrued at the end of a block, it will be paid upon the completion of the block it is earned in. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The periodic (monthly or annual) statements that Coinsquare makes available to you will include details pertaining to staking including the amount staked, the amount of rewards earned for the period, and the amount of fees paid for the period. For each successful block, your share of ATOM rewards is proportionate to the amount of ATOM that you had staked during the block.
    3. You may unbond (withdraw) any or all of your staked ATOM at any time. Once you unbond your staked ATOM, this will withdraw your rewards and staked ATOM from the validator, and you will stop receiving rewards. Your withdrawn tokens will be locked by the validator during the Unbonding Period.
    4. With respect to any rewards earned on your staked ATOM: (i) Coinsquare’s custodian, BitGo, will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with BitGo; (iii) Coinsquare will be entitled to a fee of 28% in respect of the Net Rewards (the “Coinsquare Services Fees”); and (iv) after the Coinsquare Services Fees have been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.
  3. Glossary
    “Unbonding Period” is the designated amount of time, set by the protocol, that a nominator must wait before receiving access to withdrawn tokens. For ATOM, the unbonding period is 21 days. This occurs to prevent malicious behaviour on the network.

NEAR Protocol (NEAR)

  1. SERVICE FEES
    Rewards earned in connection with staking NEAR, the native token of the NEAR blockchain, are subject to a Coinsquare Service Fee of 28.00%.
  2. STAKING NEAR
    In connection with Staking Services provided to you by Coinsquare pursuant to the Terms and the Staking Addendum, you acknowledge and agree that:
    1. When you stake NEAR through the Services, you are delegative your tokens to a validator that is staking them on the NEAR blockchain. Once your NEAR is staked, you will receive staking reward upon the completion of each epoch. Validators are paid proportionally for the staking rewards they earned during the previous epoch. The percentage for the staking rewards distributed to you after each epoch depends on your relative staked assets with the validator, and the staking rewards earned by the validator. Distributed awards may be sent to a NEAR address or delegated to a validator to increase your staked NEAR amount.
    2. If a reward is accrued at the end of an epoch, it will be paid upon the completion of the epoch. When rewards are received by Coinsquare, Coinsquare will provide statements to users indicating the amount of the rewards that the user is entitled to as well as the total rewards that were earned and any fees payable. For each successful epoch, your share of NEAR rewards is proportionate to the amount of NEAR that you had staked during the epoch.
    3. You may unbond (withdraw) any or all of your staked NEAR at any time. Once you unbond your staked NEAR, this will withdraw your rewards and staked NEAR from the validator, and you will stop receiving rewards. Your withdrawn tokens will be locked by the validator during the Unbonding Period. Coinsquare may, in its sole discretion, allow users to withdraw up to an equivalent amount of NEAR as such user then holds during the Unbonding Period, prior to such NEAR having been fully unbonded.
    4. With respect to any rewards earned on your staked NEAR: (i) Coinsquare’s custodian, BitGo, will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with BitGo; (iii) Coinsquare will be entitled to a fee of 28% in respect of the Net Rewards (the “Coinsquare Services Fees”); and (iv) after the Coinsquare Services Fees have been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.
  3. Glossary
    “Unbonding Period” is the designated amount of time, set by the protocol, that a nominator must wait before receiving access to withdrawn tokens. For NEAR, the unbonding period is roughly 3 to 4 epochs, which currently equals 1.5 to 2 days. This occurs to prevent malicious behaviour on the network.

Celestia (TIA)

  1. SERVICE FEES
    Rewards earned in connection with staking TIA, the native token of Celestia, are subject to a Coinsquare Service Fee of up to 30.00%.
  2. STAKING TIA
    In connection with Staking Services provided to you by Coinsquare pursuant to the Terms and the Staking Addendum, you acknowledge and agree that:
    1. When you stake TIA through the Services, you are delegating your tokens to a validator that is staking them on the Celestia network. Validators are paid block rewards and transaction fees proportionally for the blocks they validate during each round. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The amount of rewards distributed to you depends on your relative stake with the validator, and the number of staking rewards earned by the validator. Distributed awards will be sent to a Celestia address or delegated to a validator to increase your staked TIA amount.
    2. If a reward is accrued at the end of a block, it will be paid upon the completion of the block it is earned in. Rewards will be credited to your account after Coinsquare receives rewards from our third-party validator service provider. The periodic (monthly or annual) statements that Coinsquare makes available to you will include details pertaining to staking including the amount staked, the amount of rewards earned for the period, and the amount of fees paid for the period. For each successful block, your share of TIA rewards is proportionate to the amount of TIA that you had staked during the block.
    3. You may unbond (withdraw) any or all of your staked TIA at any time. Once you unbond your staked TIA, this will withdraw your rewards and staked TIA from the validator, and you will stop receiving rewards. Your withdrawn tokens will be locked by the validator during the Unbonding Period.
    4. With respect to any rewards earned on your staked TIA: (i) Coinsquare’s custodian, BitGo, will be entitled to a fee and may pay a portion of that fee to any third-party service provider it selects to act as validator; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Coinsquare’s custodial wallets with BitGo; (iii) Coinsquare will be entitled to a fee of up to 30% in respect of the Net Rewards (the “Coinsquare Services Fees”); and (iv) after the Coinsquare Services Fees have been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.
  3. Glossary
    “Unbonding Period” is the designated amount of time, set by the protocol, that a nominator must wait before receiving access to withdrawn tokens. For TIA, the unbonding period is 21 days. This occurs to prevent malicious behaviour on the network.

Last updated on Apr 05, 2024