UniSwap has grown into a monster over the years. Not only does the decentralized exchange have high volume, but its UNI token also enjoys a very high market cap.
As a result, popularity of UniSwap staking is not a surprise. For those not interested in on-chain staking, governance or liquidity, off-chain staking on centralized exchanges (CEXs) is a safe and reliable method of obtaining more UNI tokens, free of risks.
Here’s where to stake your UNI for best returns:
| Exchange: | Flexible APY: |
|---|---|
| Binance | 0.05% |
| Bitrue | 1.50% |
| Bybit | 1.50% |
| CoinW | 0.67% |
| Gate | 0.88% |
| KuCoin | 0.13% |
| Pionex | 0.02% |
| XT | 1.50% |
Where to stake for best profits?
Three exchanges hold the top spot for UniSwap staking: Bybit, XT, and Bitrue. All of these will offer identical APY (annual percentage yield) of 1.5%.
Other exchanges all have less than 1% annual returns.
Is staking UniSwap tokens profitable?
All exchanges listed here have flexible staking. This means you can withdraw or use your UNI coins (including accumulated interest) at any time. There are no redemption delays, penalties or fees.
Because of flexible durations, UniSwap staking on centralized exchanges comes with virtually no risk. Even day traders who aren’t holding UNI for a long term can use staking to obtain extra profits.
The main downside of staking UNI is a low percentage return. UNI gives you significantly lower yields compared to many other coins and tokens on the market.
Nevertheless, if you are invested in UniSwap’s governance token and plan to hold for a longer period, there is no downside to getting additional returns through staking.
Staking earnings estimate:
Our convenient tool can help you calculate potential earnings for UNI staking based on dollar amount and expected yearly return.
Let’s compare DeFi vs. CEX staking
Staking UniSwap (UNI) on decentralized exchanges and various protocols has an average APY of 6%. This is higher than CEXs currently offer. However, staking on-chain can have many drawbacks: suspicious dApps, untested decentralized exchanges, rug pulls, scams, exposed wallet keys, and many other risks can be scary for those inexperienced with Web3 interactions.
Savings & Earn programs on CEXs do not have the same risks as staking on-chain. Most exchanges have insurance funds and other fund protections in place. This guarantees the safety of both invested funds and interest gained.
In addition, keeping UNI on exchanges ensures your coins will always be available to trade or withdraw.
A few things to remember:
- Savings, staking or earn programs are usually not available in US, Canada, or UK. Check each exchange to ensure this is the case. Alternatively, you can use exchanges with optional KYC to bypass regional restrictions.
- APY varies frequently by small percentages, you should confirm current rates with each exchange. We excluded temporary promotional rates, new user bonus yields, or other temporarily available rates. Yields displayed in the table are average and available to all customers,
UNI staking is not going to make you rich, but it can risk-free and with guaranteed returns. You do not have to actively trade or deal with decentralized risks to earn free UNI tokens. Staking UNI is a safe way to increase the size of your holdings, so be sure to consider it.
