What is Crypto.com Soft Lockup?
Crypto.com Soft Lockup is another way to earn rewards simply by holding a balance in your Crypto.com Exchange wallet.
Note: The Exchange wallet is different from your App wallet. For free and instant transfer of funds from your App to your Exchange wallet, please follow these steps. How to deposit cryptocurrency to my Crypto.com Exchange wallet (Crypto.com App Wallet Address).
How is this different from locking up CRO?
“CRO Lockup” is different as it requires you to lock up a minimum of 1,000 CRO for 180 days on Crypto.com Exchange. CRO Lock up is rewarded with its own range of benefits: tier-based APR of up to 8%, trading fee benefits (zero maker fees and maker fee rebates from locking up more than 50,000 CRO) & Syndicate access. Locked up CRO can not be withdrawn until the committed 6 months duration is complete.
Crypto.com Soft Lockup rewards Exchange users with available tokens including BTC. It offers more flexibility by rewarding you based on your daily Exchange wallet balances with no commitment period required, while extra rewards apply to those who are actively CRO locking up.
Who can participate in Crypto.com Soft Lockup?
Users of the Exchange can use this feature except for citizens and residents of Hong Kong SAR, Switzerland, Malta and the United States.
For more information about our Account Verification, please see Account Verification- Levels.
What are Exclusive Soft Lockup Rewards?
Exclusive Soft Lockup Rewards are another form of soft locking up, where selected tokens would have:
Increased APR
Unlimited lockup balance for users (users can get rewards on more than the current limit)
No minimum threshold for soft lockup
This is offered to our VIP users and Market Making participants.
How do I participate in Crypto.com Soft Lockup?
In order for you to receive daily rewards paid out, you will need to opt in.
Note: “Enable Soft Lockup” applies to both exclusive soft lockup rewards and earn rewards for our Institutional and VIP users.
Log in to your Exchange account.
Navigate to the Lockup & Earn page, and select Soft Lockup.
To opt-in, switch the toggle on.
Acknowledge the T&Cs by checking the checkbox, then agree to proceed.
That’s it! Make sure your balance in your Exchange account is greater than or equal to the required minimum holdings, and start to see your funds accumulate!
How do I opt out of Crypto.com Lockup?
If you opt out, you will not receive rewards effective immediately.
Log in to your Exchange account.
Navigate to the Lockup & Earn page and select Soft Lockup.
To opt out, turn off the toggle.
A pop-up will appear - in order to opt out, select “Confirm to cancel”.
You have been opted-out.
How is Crypto.com Soft Lockup calculated?
We will calculate daily rewards according to the snapshots of the currency held by users at 22:00:00 UTC each day.
The snapshot will include your funds under Available and In Order. This means funds that in order due to trade and subscribe to Syndicate sales will also be counted - trade away!
Daily rewards will be calculated with the below formula:
Daily rewards = Balance x (APR/365)
When will I receive my daily rewards?
It will be distributed to your token’s balance within an hour after 00:00:00 UTC if you have opted in and your balance is greater than or equal to the minimum threshold.
Where can I see my earnings from both CRO Lockup and Soft Lockup?
You can view your daily earnings in the Lockup & Earn section under Earnings History.
Here are key components of Crypto.com Soft Lockup:
Minimum holdings to be eligible for rewards calculation and payout; if your daily minimum balance is lower than the minimum requirement, no rewards will be calculated for that day
Different reward rates are based on how much CRO you've locked up on the Exchange (6-month commitment period). Please refer here:
Asset | Minimum Holdings | Reward Rates | Reward Rates |
|
| <100,000 CRO Locked up | > 100,000 CRO Locked up |
BTC | 0.02 | 0.25% | 0.75% |
USDT | 200 | 2.00% | 4.00% |
USD* | 200 | 2.00% | 4.00% |
XRP | 800 | 0.50% | 1.00% |
LTC | 4.5 | 0.50% | 1.00% |
EOS | 80 | 0.50% | 1.00% |
XLM | 2,750 | 0.50% | 1.00% |
LINK | 22 | 0.50% | 1.00% |
BCH | 1 | 0.50% | 1.00% |
VET | 18,000 | 0.50% | 1.00% |
ICX | 530 | 0.50% | 1.00% |
ENJ | 1,350 | 0.50% | 1.00% |
ALGO | 650 | 0.50% | 1.00% |
KNC | 215 | 0.50% | 1.00% |
NEO | 12 | 0.50% | 1.00% |
DAI | 200 | 2.00% | 4.00% |
PAXG | 0.1 | 0.50% | 1.00% |
BAT | 950 | 0.50% | 1.00% |
COMP | 1.8 | 0.50% | 1.00% |
OMG | 60 | 0.50% | 1.00% |
MKR | 0.4 | 0.50% | 1.00% |
BAND | 36 | 0.50% | 1.00% |
ONE | 3500 | 1.00% | 2.00% |
* Crypto.com Exchange USD Bundle
Maximum limit; Only the first $10,000 USD or $100,000 USD equivalent in token balance will be used to calculate your daily reward. Excess balance will not be rewarded.
Max Limit | Max Limit | Max Limit |
CRO Locked up Tiers | <100,000 CROs locked up | ≥100,000 CROs locked up |
Amount per token | First USD $10,000 worth | First USD $100,000 worth |
For different reward rates on Exclusive Soft Lockup rewards, refer to this table:
Asset | Exclusive Rewards |
ONE | 4% |
Note: The Crypto.com Soft Lockup is not a derivative product. Rewards that you receive through Crypto.com Soft Lockup are not linked or affected by any external factors, such as the price/exchange rates of other crypto assets.