Bitget Wallet, a non-custodial wallet for the Bitget ecosystem, has launched a $1 million-worth of $BGB on-chain staking pool, offering a fixed 5% annual percentage yield (APY).
Crypto exchange Bitget said the initiative will strengthen $BGB’s presence in the on-chain ecosystem by providing users with a secure and autonomous way to earn passive income while retaining full control of their assets.
“We remain committed to expanding BGB’s use cases while delivering stable and secure earning opportunities. By growing our staking program and strengthening BGB’s ecosystem, we aim to make decentralized finance more accessible and rewarding for all users.”
Alvin Kan, Chief Operating Officer, Bitget Wallet
Staking Program Details
- Lock-up period: 90 days
- Maximum individual stake: 2,000 $BGB
- Earnings updates: Provided in real time throughout the staking period
Availability and Demand
- Limited allocation on a first-come, first-served basis
- Builds on the success of previous staking programs
- Reinforces the growing demand for decentralized yield solutions
How to Stake $BGB
- Step 1: Access the Bitget Wallet app.
- Step 2: Navigate to the finance section.
- Step 3: On the staking page, stake $BGB.
- Step 4: Enter the staking amount (≤ 2,000 $BGB) and confirm participation.
- Step 5: Track earnings daily and redeem at maturity.
What are Staking Pools?
A staking pool is a collective of crypto holders pooling resources to improve their chances of validating blockchain transactions and earning rewards.
Unlike mining (proof-of-work), staking relies on proof-of-stake (PoS), where pooled cryptocurrencies help validate transactions in exchange for rewards.
Read more: What is a Staking Pool? How Does It Work?
Bitget On-Chain Earn
According to the Bitget website, On-Chain Earn allows users to stake tokens using the PoS consensus mechanism, where validators are selected based on their staked amount or duration.
The feature offers daily credited interest, flexible staking and redemption, and ensures users receive full rewards without deductions. The APR is calculated based on network-specific rates, and users can choose between standard and express redemption, with the latter incurring a 10% service fee.
A compound interest mode enables automatic reinvestment of earned rewards, providing a seamless, low-risk staking experience with principal protection.
Recent Bitget News
PayFi Event: Bitget is hosting the PayFi Event in Siargao until March 16, 2025, to promote blockchain-based payments in the tourism and freelance industries, showcasing its PayFi system for fast, low-cost transactions using stablecoins and digital assets while engaging local businesses, digital nomads, and tourists in real-world crypto adoption.
Forbes Recognition: The crypto platform ranked 8th on Forbes’ list of the “World’s Most Trustworthy Crypto Exchanges” in February.
Security Upgrade: Bitget Wallet V8.29 update introduced enhanced authorization detection, MPC technology, industry partnerships, and a $625M Protection Fund for improved security.
Proof of Reserves: Its February 2025 report shows 186% total reserve ratio, with Bitcoin at 322%, Ethereum at 173%, and stablecoins exceeding 100%, highlighting financial stability and transparency.
This article is published on BitPinas: Bitget Wallet Launches $1 Million BGB On-Chain Staking Pool With 5% APY
