Celo FAQ

How do I unbond?

Unbonding your tokens involves revoking votes, unlocking the CELO, and finally withdrawing the CELO. Detailed instructions are here.

How is Celo's reward rate* determined?

Rewards for Locked CELO holders are targeted at 6% annually. This percentage can be adjusted by the protocol.

* Reward rates published by Coinbase Cloud are estimates based on publicly available information from third-party sources. Coinbase Cloud has not verified and does not guarantee the accuracy of this information. Reward rates on some protocols may vary based on the amount staked and/or other variables, including validator performance, so you should not rely on the accuracy of any reward rate ranges we publish, which are intended to provide an estimate. The actual rate of rewards earned may vary substantially and may change over time and Coinbase Cloud does not guarantee that you will receive any staking rewards. Staked assets may be subject to slashing penalties and risk of loss is possible, including up to the full loss of principal.

How are Celo's rewards denominated and distributed?

Holders of Locked CELO who voted in the previous epoch for a group that elected one or more validators and have activated their votes are eligible for rewards. These rewards are denominated in Locked CELO and reapplied as votes, so future rewards are compounded without the account holder needing to take any action.

What are the risks associated with delegating/staking CELO?

In Celo, delegating is done in the form of voting for a Validator Group. Locked CELO holders’ are not at risk of slashing. However, if there’s a slashing event, the group, validators, and CELO token holders will all receive reduced rewards for the next month.