To boost your APY, you need to deposit CLT in your CoinLoan wallet. There is no minimal staking time needed to get bonus rates. Within a day after deposit, all interest rates in the Interest Account will increase by 0,1% with every 250 CLT you hold:
- 250 CLT raises your interest by 0.1%;
- 750 CLT — by 0.3%;
- 2,500 CLT — by 1%;
- 5,000 CLT — by 2%.
The maximum bonus is 2%, having more than 5,000 CLT won’t affect your interest rates anymore. In Figure 1 below, you can see the screenshot of the Interest Account page with a maximized interest rate. You can achieve this by holding 5,000 CLT.
Figure 1: Your Interest Account rates when holding 5,000 CLT
Staked coins can’t be used for paying fees or getting a loan. However, you can instantly unstake them at any time and return your rates to basic values.