CRO Staking & Unstaking
Users can stake their CRO here to receive LCRO based on the latest internal exchange rate. Veno will bridge users' CRO from Cronos chain to Crypto.org chain, which will be staked and auto-compounded on Veno’s validator(s).
Users can also unstake their CRO on Veno, upon which their LCRO will be burnt, and wait up to 32 days to receive their CRO back, based on the exchange rate. There will also be a small withdrawal fee of 0.2% on unstaked CRO. Note: CRO takes 28 days to unstake on Crypto.org chain, and unstaking will be performed in batches every 4 days, hence the maximum wait time of up to 32 days.
Upon requesting to unstake their CRO, users will receive an NFT representing their claimable CRO as of a specific date, which can be transferred/sold on selected third party NFT platforms during or after the 28-32 day waiting period to further enhance users’ liquidity. Note: The unstaked CRO will be claimable for the NFT owner at the end of the waiting period, hence do keep the NFT for yourself if you wish to receive the unstaked CRO.