Understanding Yield Interface
PrimeXBT platform interface consists of six main sections:
Main – Make deposits, withdrawals, change account settings and keep track of your account’s activity and statistics. Margin – Manage your Margin account, monitor the market, place trades and control your orders and positions. Copy-trading – Create, manage, or follow public trading Strategies. Yield – Stake crypto-currencies in DeFi projects to earn APY%. Contests – Participate in trading competitions and win prizes. Analysis – Charts by TradingView for technical analysis
Let's take a separate look at the Yield section.
Yield accounts allow you to connect to and participate in numerous DeFi yield generating applications through a mechanism called Staking.
Staking products allow for a high variable rate of return on idle crypto assets, otherwise known as an APY. The blockchain-based solution provides returns for those that lock up their crypto assets for a period of time. Covesting Yield Accounts do all the hard work of searching for staking opportunities so you don't have to.
The Yield module consists of 3 sub-sections:
- Current APY% rates - view current average APY% rates and place new stakings
- Historical APY% rates - chart of historical APY% rates for available currencies
- Current stakings - view core stats of active stakings. Clicking an active staking will bring up the 'Staking stats page', where you can view APY and Equity charts, as well as close the active staking
- Staking history - core statistics of closed stakings
Here a token holder can review details of the token, check their platform's COV Wallet, buy COV tokens required for the membership, sell the tokens, or go to the COV Wallet to deposit and withdraw COV tokens to an external ERC20 address.