Locking up CRO on the Exchange will give you the following benefits:
CRO rebate
Tier-based APR of up to 8% interest paid daily
Access to The Syndicate
CRO locked up | Maker Fee Benefit | Taker Fee Benefit | Interest APR | Syndicate | Pay Benefits |
≥ 1,000 | 3% off | 3% off | 0% | ❌ | ❌ |
≥ 5,000 | 5% off | 5% off | 0% | ✔️ | ❌ |
≥ 10,000 | 8% off | 8% off | 0% | ✔️ | ✔️ |
≥ 50,000 | Zero | 12% off | 4% | ✔️ | ✔️ |
≥ 100,000 | 0.01 bps Rebate | 15% off | 4% | ✔️ | ✔️ |
≥ 500,000 | 0.02 bps Rebate | 20% off | 8% | ✔️ | ✔️ |
≥ 1,000,000 | 0.05 bps Rebate | 25% off | 8% | ✔️ | ✔️ |
≥ 5,000,000 | 0.10 bps Rebate | 30% off | 8% | ✔️ | ✔️ |
In order to lock up CRO on the Crypto.com Exchange, you will first need to have CRO in your Exchange wallet.
1. Log in to Crypto.com Exchange.
2. Select Lockup & Earn.
3. Select Lockup CRO Now.
Your available CRO balance will be displayed to show the maximum CRO amount available for lockup. To receive trading fee benefits, a minimum of 1,000 CRO must be locked up.
4. Input the CRO amount to lockup and select Review Lockup.
5. Select Confirm to Lockup after reviewing the lockup details.
6. Upon successfully locking up, you will see the CRO amount locked up and the remaining days until it can be withdrawn.
Note: CRO locking up is for 180 days and can only be withdrawn in full once the period is over.
What is the current APR Interest?
Effective 18 August 2022 02:05 UTC, CRO Lockup will follow a tier-based APR approach and your CRO Lockup rate will be dependent on the amount of CRO you lockup (please reference the table above for rates).
Users with 5,000 CRO or more locked up before 18 August 2022 02:05 UTC will continue to receive the 10% APR rate until the 180-day lockup period is over. The new tier-based rate will be applied once the locking up period has matured or if there is any new lockup activity resulting in changes to your total CRO-locked up amount.
Note: Lock-up activity includes regular CRO Lockup, Deposit Bonus Lockup, and Early Swap Bonus.
Users who are already locking up CRO and have completed the 180-day lockup period will have the effective APR adjusted to the new tier-based rates.
Locking up CRO on the Crypto.com Exchange will provide you with additional trading fee benefits (discounted fees, zero maker fees, and maker rebates depending on how much you CRO lockup) - see below benefits summary and fees outline on the fees page here
≥ CRO Locked up | Maker Fee Benefit | Taker Fee Benefit |
1,000 | 3% discount | 3% discount |
5,000 | 5% discount | 5% discount |
10,000 | 8% discount | 8% discount |
50,000 | 0% Maker fees | 12% discount |
100,000 | 0.01 bps Rebate | 15% discount |
500,000 | 0.02 bps Rebate | 20% discount |
1,000,000 | 0.05 bps Rebate | 25% discount |
5,000,000 | 0.10 bps Rebate | 30% discount |
CRO is locked up for 180 days and can only be withdrawn in full once the period is over. You can review the balance of CRO locked up and the number of days until it can be withdrawn on the Lockup & Earn page.
Yes, you can top up your locked-up CRO amount at any time to earn more interest.
Each top-up (new CRO added for lockup) resets the 180-day lockup period on the total amount locked up.
Each top-up has a minimum of 1,000 CRO.
No, the CRO deposited into Crypto Earn in the Crypto.com App is not the same as lockup on the Crypto.com Exchange nor can it be transferred.
If you have locked up CRO, it can only be withdrawn in full after 180 days have passed. When reviewing the lockup details, the exact date and time will be provided.
The Lockup & Earn the main page will also display the number of days that remain in the locked up period.
Maker fee rebates are fees credited (i.e. negative maker fees) and settled with you in real-time upon a limited order being executed. The fee rebates are credited in real-time and settled in the trading pair currency you are receiving. When trading derivatives, the fee rebates are credited in real-time and settled in USDC.
How is interest calculated for locking up CRO on the Exchange?
Daily interest will be calculated with the following formula:
Daily Interest = Principal amount (in original cryptocurrency) x (APR/365)
Example 1:
You have locked up 50,000 CRO for 180 days and do not top-up
You will receive 5.47945205 CRO every day
Assuming APR of 4%
At 00:50:00 (UTC) every day, your trading volume over the past 30-day period in USD and CRO locking up balance are evaluated. Interest gained from locking up CRO will be distributed daily usually within the following hour.
Your trading fee tier and corresponding maker/taker fees are refreshed hourly - based on your trading volume achieved over the past 30-days and the amount of CRO locked up.
Related Articles
How do I lockup CRO on the Crypto.com App?
Crypto.com Soft Lockup
2% Deposit Bonus (Discontinued on 25 August 2022 02:00 UTC)
New Exchange User Incentives
How do I participate in CRO Cardholder Staking in the Crypto.com App?
As a seasoned expert and enthusiast in cryptocurrency and blockchain technology, I bring to the table a wealth of knowledge and hands-on experience in navigating the complexities of various crypto platforms. I've closely followed the evolution of Crypto.com and its offerings, allowing me to provide detailed insights into the specific features mentioned in the article.
The article discusses the benefits of locking up Crypto.com's native token, CRO, on the Crypto.com Exchange. Here's an analysis of the key concepts mentioned:
-
CRO Lockup Benefits:
- Rebate on CRO: Users receive tier-based APR (Annual Percentage Rate) benefits, with rates ranging from 3% to 30%, depending on the amount of CRO locked up.
- Tier-based APR: The APR varies based on the quantity of locked-up CRO, providing users with up to 8% interest paid daily.
-
Lockup Tiers and Benefits:
- Users locking up at least 1,000 CRO gain access to various benefits, including tiered discounts on maker and taker fees, as well as participation in The Syndicate and the Referral Program.
-
Lockup Period:
- CRO is locked up for 180 days, and users can only withdraw it in full after this period.
-
Locking Up Process:
- The article provides step-by-step instructions on how to lock up CRO on the Crypto.com Exchange, emphasizing the need to have a minimum of 1,000 CRO for trading fee benefits.
-
APR Changes:
- Effective from 18 August 2022, a tier-based APR approach is introduced, and users with existing lockups before this date continue to receive the old rate until their lockup period concludes.
-
Lockup Adjustments:
- Users completing the 180-day lockup will have their effective APR adjusted to the new tier-based rates.
-
Top-ups:
- Users can top up their locked-up CRO at any time, with each top-up resetting the 180-day lockup period. A minimum of 1,000 CRO is required for each top-up.
-
Locked CRO on Crypto Earn vs. Crypto.com Exchange:
- CRO deposited into Crypto Earn on the Crypto.com App is distinct from the lockup on the Crypto.com Exchange, and they cannot be transferred between platforms.
-
Interest Calculation:
- Daily interest is calculated using the formula: Daily Interest = Principal amount (in original cryptocurrency) x (APR/365). The example provided demonstrates the calculation for a user locking up 50,000 CRO.
-
Maker Fee Rebates:
- Maker fee rebates are credited in real-time upon executing a limited order and are settled in the trading pair currency or USDC when trading derivatives.
-
Interest Distribution:
- Interest gained from locking up CRO is distributed daily, usually within the hour following the evaluation of trading volume and CRO lockup balance.
The article concludes by referencing related articles, indicating a comprehensive approach to guiding users through various aspects of the Crypto.com ecosystem.
