What is it?
If you are a member of one of the Young Platform Clubs, you can receive extra rewards in YNG tokens in addition to the standard rewards.
Ethereum Staking
- Bronze Club: +5% of ETH APY
- Silver Club: +15% of ETH APY
- Gold Club: +30% of ETH APY
- Platinum Club: +70% of ETH APY
Solana Staking
- Bronze Club: +3% of SOL APY
- Silver Club: +8% of SOL APY
- Gold Club: +15% of SOL APY
- Platinum Club: +35% of SOL APY
How to Do It
- Join a Young Platform Club (Bronze, Silver, Gold, Platinum).
- Activate a stake.
- YNG rewards will automatically be calculated and credited when the stake is closed.
What Happens If You Join a Club While Having an Active Stake?
If you join a Club while you already have an active stake, you will earn extra YNG rewards when you become a Club member. The rewards are not retroactive and will not apply to the periods before joining.
What Happens If You Leave a Club While Your Stake Is Active?
If you leave a Club while the staking is still active, you will stop receiving extra YNG rewards from the day you exit the Club. However, all rewards accumulated up to the day before leaving are guaranteed and will be credited upon stake closure. You won’t lose the rewards earned so far, but no further YNG rewards will be credited after leaving the Club.
Staking Duration
YNG rewards accumulate during the staking period and are credited upon stake closure.
Taxation
For residents in Italy, YNG rewards from staking are subject to taxation and reported in the Tax Report for income declaration. They are taxed at 26% before fees.