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1inch Network Staking Calculator: Work Out Interest & Rewards
Find out instantly how much 1INCH interest you could generate by entering your staking amount and how long you want to stake your 1inch (1INCH) for.
Calculate your 1INCH staking rewards
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How to use our 1inch Network staking APY calculator
Copy link to sectionThe 1inch Network rewards calculator is super simple. Just follow these steps to find out how much you could earn through staking 1inch Network today.
- Enter how much 1inch Network you want to stake. You stake as much or as little 1INCH as you like.
- Choose your reward frequency. Put in whether you’re going to receive your rewards daily, weekly, monthly, or annually.
- Enter the interest rate. The rewards rate is an annual rate, even if you receive daily payouts.
- Enter how long you want to stake your 1INCH for. Normally, the longer you lock your money up for, the higher the possible rewards.
And that’s it! The results update automatically as soon as you change any of the details.
Where to stake 1inch Network
Copy link to sectionOur preferred platform for staking 1inch Network is Kraken . It’s a great place to store and keep your money safe while also offering a range of staking and payout options.
Kraken
How do I stake 1inch Network?
Copy link to sectionThe easiest way to stake 1INCH is to use a platform like Kraken to join a staking pool. The staking platform takes care of the technical side of things for you and pays out your rewards straight into your account at regular intervals, just like how a bank credits a savings account at the end of each month.
Once you’ve chosen a platform and created an account, you usually just need to send your 1INCH to the built-in wallet. Sometimes you need to actively choose to stake, while with other platforms the 1inch Network is staked automatically once you have some in your account.
For example, with a service like Nexo, you start earning interest immediately, as soon as you have 1INCH in your Nexo account. You then have the option to create fixed-term contracts which pay higher rates for a period of time.
But there are other platforms, like Binance or eToro, where you can buy a wider variety of coins but staking is either a more active process or the fees for doing so are considerably higher: between 35-45% on eToro or 25-35% on Binance.
How much can I make by staking 1inch Network?
Copy link to sectionUse the 1inch Network earn calculator to find out exactly how much you could make. However, in almost every instance staking 1INCH pays a better rate of interest than keeping fiat currency in a bank savings account.
For example, if you have $1000 in a savings account paying 1% interest, over the course of the year you would earn $10. This is normally paid into your account on a monthly basis.
1inch Network staking rewards are higher, more flexible, and can be paid out more frequently. For instance, if you spend $1000 to buy 1INCH and deposit it onto a staking platform, then you may be able to earn significantly more and receive that money on a daily basis. If the 1INCH reward was 8%, this would be the calculation:
$1000 x 8% APY rewards = $80
$80/365 days = $0.21 per day
Or in 1inch Network:
1 1INCH x 8% APY rewards = 0.08 1INCH
0.08 1INCH/365 days = 0.0002 1INCH per day
You can also choose to adjust your staking amount or withdraw your money at any time without losing out on your rewards. The trade-off is that the price of the coin is more volatile than fiat currency and the value of your holdings can fluctuate dramatically.