Staking Services
When you hold Supported Digital Assets in your BlockwayFi wallet you may be given the option to license our software that you may use to “stake” on your own behalf these assets in a third party proof-of-stake (POS) network. Please visit our staking information page for further details on how proof of stake consensus mechanism works. Through BlockwayFi Staking, you can stake specific assets to receive rewards for securing Proof-of-Stake (POS) networks. You may choose to stake your assets by delegating to a Consensys-operated validator node or to a third-party validator node (both a “Designated Validator Node”). If you choose to stake your assets with a third-party validator node (including the “Lido Staked ETH” node or any other provider), then such staking is subject to the third party’s staking terms and conditions. CONSENSYS DOES NOT PROVIDE ANY ADVICE OR MAKE ANY RECOMMENDATIONS ABOUT ENGAGING IN STAKING OR CHOOSING A VALIDATOR. Your choice to participate in staking and which method to do so are entirely your own. Consensys reserves the right to modify the list of referenced validators at any time without prior notice. Staking Rewards and Fees. You understand and agree that the delegation of staking rights to a validator operator listed in BlockwayFi does not grant to your benefit any right to request payment of any kind, but merely a potential right to share a reward perceived by the validator. If you stake your assets through BlockwayFi Staking, the Designated Validator Node will be acting as a transaction validator on the applicable Proof-of-Stake (POS) network. If the Designated Validator Node successfully validates a block of transactions in that network, you may receive staking rewards granted by such network and Consensys will receive a flat service fee (at the rate indicated either on the Site or in the user interface of the Offering). Your reward will be determined by the protocols of the applicable network. Please be aware that some Proof-of-Stake networks require that a certain amount of staked assets be “locked” (restricted from any use, sale or transfer) for a certain period of time while staking. No Custody. Consensys operates non-custodial services, including staking, meaning we do not have access to the security key that permits you to access the funds you have staked and any rewards you have earned. We are not able to take custody of your rewards or assets. You acknowledge that you and not Consensys are responsible for safeguarding the security key that controls access to your staked tokens and your rewards. Disclaimer and Slashing. Staking is provided “as is”. Consensys is not responsible in any way for any failure by any supported blockchain network to transfer rewards (including any risks of “slashing”) or for the loss, destruction, or transfer of rewards to the incorrect wallet address. Consensys does not guarantee uninterrupted or error-free operation of the staking services or that it will correct all defects or prevent third-party disruptions or unauthorized third party access. Suspension Termination and Withdrawal. You may un-stake or stop using the services at any time. Depending on the protocol and the provider withdrawal processing queue, which Consensys does not control, the unstaking process may take hours or even days to complete. Any expected unstaking periods are estimates only. You may have to complete additional steps to claim your rewards depending on the third party service provider that is supporting the validators you chose to use. Consensys may suspend or terminate this staking offering for any reason in its sole discretion and is under no obligation to disclose the details of its decision to take such action with you, but if Consensys does so, Consensys will not itself inhibit access to your staked tokens or to any rewards you have earned, but we take no responsibility for any third party service provider or any third party protocol. In certain offerings, such as BlockwayFi Validator Staking, Consensys may be able to initiate the un-stake process to the wallet you staked with. Upon days of notice from Consensys of termination of the offering or suspension of your access dependent on your contract term, you must initiate and complete the un-stake process. After Upon expiration of that 90 day notice period, in its sole discretion, Consensys may initiate the un-stake process on your behalf and your staked tokens and any rewards issued by the third party protocol to the wallet you staked with and will not accessible by Consensys. No Guarantee of Rewards. CONSENSYS DOES NOT GUARANTEE THAT YOU WILL RECEIVE STAKING REWARDS OR ANY STAKING REWARD RATES. SUCCESSFUL TRANSFER OF THE REWARDS IS SUBJECT TO THE PROOF-OF-STAKE NETWORKS AND IS NOT UNDER CONSENSYS’ CONTROL. REWARD RATES ARE DETERMINED BY THE UNDERLYING PROTOCOLS AND NOT BY CONSENSYS AND MAY FLUCTUATE, INCLUDING BECAUSE THE UNDERLYING SERVICES GENERATING REWARDS ARE PERFORMED IMPROPERLY.