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Staked
44%
Staked
0%
Unstaked
56%
Unstaked
0%

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Staking Secret

Staking Stats

Est. Reward Rate APY

22.21%

Reward Change 24H

0.00%

Reward Change 30D

+0.95%

Asset Market Cap

S$90.4M

Staking Market Cap

S$39.5M

Tokens Staked

141.7M

Percent Staked

43.75%

Powered by Staking Rewards

Secret staking is on the rise this month.

The current estimated reward rate of Secret is 22.21%. This means that, on average, stakers of Secret are earning about 22.21% if they hold an asset for 365 days. The reward rate has not changed over the last 24 hours. 30 days ago, the reward rate for Secret was 22.00%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 43.75%. In other words, there are 141.7M of Secret staked, which means that Secret has a staking market cap of S$39.5M. This is compared to a total asset market cap of S$90.4M.

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So in short the Omnichain Execution Environment present on our Root Chain which is Arbitrum works like a Finite State Machine where there are a set of possible interactions which in turn set forth state changes. This state includes things like token balances available on each connected chain.  On the omnichain environment we can find a Root Port (keeps track of address mappings accross chains and balances), a set of Bridge Agents (manage requests made to the root port act as middlemen to the permissionless root routers) and a mirroring amount of Root Routers (1:1 with RootBridgeAgents, interact with the Omnichain dApps like Hermes Maia and Talos in name of the user just like UniswapRouter executes trades on Uniswap for the user).  Each Root Router can have N Branch Routers N being the number of chains where Ulysses is active. So starting from the branch chain a user would send a request to a root router who can perform a set actions in preparation for the cross chain request, the request is then sent to the BridgeAgent which checks the inputs and credits user balance into the local chain's Branch Port issuing a receipt, attaching it to the header of the user message where the payload is the execution data to be performed on the corresponding root router on the omnichain environment and communicating with LayerZero messaging layer.  Once this message arrives in the  Omnichain env the corresponding Root Bridge Agent will verify the receipt written by its partner and credit the correct amount of assets to the corresponding Root Router and giving it any perms necessary for the requested action in question. The request is the relayed to the root router which will execute the callData received. If this action demands the clearance of tokens to another branch chain the root router will simply send a request to the bridge agent who will deposit the necessary assets in the root port and relay the data to the destination branch chain so that token clearance can take place.  Ulysses is and open ended system comprised of a set of immutable and modular components with upmost composability and versatility in mind. Providing a toolkit for developers to easily create bridgeless Omnichain dApps with native support for Unified Liquidity.

So in short the Omnichain Execution Environment present on our Root Chain which is Arbitrum works like a Finite State Machine where there are a set of possible interactions which in turn set forth state changes. This state includes things like token balances available on each connected chain. On the omnichain environment we can find a Root Port (keeps track of address mappings accross chains and balances), a set of Bridge Agents (manage requests made to the root port act as middlemen to the permissionless root routers) and a mirroring amount of Root Routers (1:1 with RootBridgeAgents, interact with the Omnichain dApps like Hermes Maia and Talos in name of the user just like UniswapRouter executes trades on Uniswap for the user). Each Root Router can have N Branch Routers N being the number of chains where Ulysses is active. So starting from the branch chain a user would send a request to a root router who can perform a set actions in preparation for the cross chain request, the request is then sent to the BridgeAgent which checks the inputs and credits user balance into the local chain's Branch Port issuing a receipt, attaching it to the header of the user message where the payload is the execution data to be performed on the corresponding root router on the omnichain environment and communicating with LayerZero messaging layer. Once this message arrives in the Omnichain env the corresponding Root Bridge Agent will verify the receipt written by its partner and credit the correct amount of assets to the corresponding Root Router and giving it any perms necessary for the requested action in question. The request is the relayed to the root router which will execute the callData received. If this action demands the clearance of tokens to another branch chain the root router will simply send a request to the bridge agent who will deposit the necessary assets in the root port and relay the data to the destination branch chain so that token clearance can take place. Ulysses is and open ended system comprised of a set of immutable and modular components with upmost composability and versatility in mind. Providing a toolkit for developers to easily create bridgeless Omnichain dApps with native support for Unified Liquidity.

Learn More

Benefits of staking Secret

Put your crypto to work

Staking can be a way of making your Secret work by generating rewards, rather than collecting dust in your crypto wallet.

Support the projects you like

Staking can also be a way to contribute to the security and efficiency of Secret. By staking some of your funds, you make the blockchain more resistant to attacks and strengthen its ability to process transactions.

It’s passive income

You can enroll with just a few clicks or when you join staking pools. While Secret is not available to stake on Coinbase, there are still plenty of options to stake.

FAQ

How to stake Secret?

You can earn rewards for Secret through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.

When can I start earning rewards with Secret?

You start earning yield with most of the Staking and Standard Rewards assets once they are purchased. To earn yield by staking ETH or depositing assets in DeFi yield, you will need to purchase the asset and then agree to terms to enable the option and start earning rewards.

What are the risks around staking Secret?

Staking requires your Secret to be locked on the protocol in order to earn rewards. During this time you won't be able to trade or transfer your Secret. The lock up periods are defined by protocols and can range from a few hours to a few days. Coinbase does not impose any lock up periods. No additional lockup periods are imposed by Coinbase.

How much can I make staking Secret?

The current estimated reward rate of Secret is 22.21%. This means that, on average, you can earn about 22.21% for current block/epoc rewards for Secret.

How many Secret tokens are currently staked?

Currently, 141.7M are staked, which means that the staking market cap of Secret is S$39.5M.

What percentage of Secret is currently being staked?

Of the available tokens, 43.75% is currently staked.