June 2026
Welcome to Asset Rewards! This FAQ answers the most common questions about how Asset Rewards works, who can participate, and how to manage your account. For complete legal terms and conditions, please see the Asset Rewards Program Terms at gemini.com/legal/asset-rewards-program-terms.
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WHAT IS ASSET REWARDS?
What is Asset Rewards?
Asset Rewards is a program that automatically generates staking rewards on eligible crypto balances held in your Gemini account. When you're enrolled, Gemini aggregates eligible customer balances and stakes a portion of those assets through dedicated validators on the blockchain. When those validators earn rewards from the network, Gemini distributes those rewards to enrolled customers, proportionate to how much you held and for how long you held it during that period.
The key feature is simplicity: your assets are never locked, debited, or moved outside your control. Rewards are credited to your trading balance when they reach a minimum threshold (approximately $1 USD equivalent per asset). You can trade, withdraw, or use your assets anytime.
Which assets are eligible?
Asset Rewards currently supports SOL, MON, and ETH. Gemini may add or remove supported assets at any time with 14 days' notice.
Are my staked assets insured or protected?
No. Staked assets are not subject to FDIC (Federal Deposit Insurance Corporation), SIPC (Securities Investor Protection Corporation), or any other similar protections. Your participation in Asset Rewards carries inherent risks (see the "Risks" section below).
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ENROLLMENT & STATE REQUIREMENTS
How does enrollment work?
Enrollment depends on where you live:
If you live in most U.S. states (i.e., not CA, IL, NJ, TX, WA, MA, or NY): You are automatically enrolled in Asset Rewards unless you opt out. Existing customers at launch had a 30-day opt-out window. New customers who open accounts after that deadline are automatically enrolled upon account activation. You can opt out anytime, free of charge.
If you live in California, Illinois, New Jersey, Texas, Washington, or Massachusetts: You are not automatically enrolled. You must affirmatively opt in to participate by toggling Asset Rewards on in Account Settings. There is no deadline — you can enroll whenever you're ready. This requirement complies with state consumer protection regulations.
If you live in New York: You cannot participate in Asset Rewards at this time. Gemini is coordinating with the New York Department of Financial Services regarding potential future availability.
Can I opt out if I'm automatically enrolled?
Yes. You can opt out anytime, free of charge, by toggling Asset Rewards off in Account Settings. Opting out takes effect at the next reward snapshot interval and has no effect on the rest of your account. You can opt back in anytime.
Can I opt in if I'm required to (CA, IL, NJ, TX, WA, MA)?
Yes. To opt in, toggle Asset Rewards on in Account Settings. Opting in is free and takes effect at the next reward snapshot interval. There is no deadline — you can enroll whenever you decide. You can opt out anytime using the same toggle.
Who else is excluded from Asset Rewards?
In addition to NY residents, Asset Rewards is not available to: (a) residents of other jurisdictions Gemini excludes from time to time; (b) OFAC-sanctioned individuals; (c) institutional accounts, custody-only accounts, API-only accounts, omnibus accounts, and sub-custodial accounts.
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ELIGIBLE BALANCES & CAPS
What counts as an eligible balance?
Your Eligible Balance is your trading balance minus:
- Open order holds
- Pending withdrawal holds
- Margin collateral
- Earn balances
- Conventional staking balances
Subject to the Per-User Cap for that asset.
In plain English: only your free, available balance counts toward Asset Rewards.
What are the per-user caps?
There is a maximum eligible balance per customer for each asset:
SOL: 10,000 SOL
MON: 500,000 MON
ETH: 2,500 ETH
If your balance exceeds the cap, only the capped amount generates Asset Rewards. Balances above the cap are not enrolled. Caps may be adjusted with notice. These caps are designed to manage concentration risk and ensure program stability. Gemini monitors the distribution of eligible balances across customers and may adjust Per-User Caps if necessary to prevent excessive concentration.
What if I have both conventional staking and Asset Rewards?
You can participate in both products, but an asset cannot generate rewards in both programs simultaneously. Conventional staking balances are automatically excluded from your Asset Rewards eligible balance. This prevents double-counting of rewards and simplifies tax reporting.
For example: If you have 100 SOL in conventional staking and 150 SOL in your trading balance, only the 150 SOL (or up to the Per-User Cap) can generate Asset Rewards.
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STAKING TARGETS & RAMP-UP
What is Gemini's staking target?
Gemini targets staking approximately 50% of the aggregate program Eligible Balance pool. This means roughly half of customer balances are staked at validators at any given time, with the other half kept as reserves to support withdrawals and ensure liquidity.
Will Gemini reach the 50% target immediately at launch?
No. Gemini may begin at a lower staking percentage upon launch and increase toward the 50% target methodically based on program stability, customer redemption patterns, and operational capacity. This gradual ramp-up allows Gemini to monitor program performance and adjust liquidity management accordingly.
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HOW REWARDS WORK
How are my rewards calculated?
Your Asset Rewards are calculated using your Time-Weighted Eligible Balance (TWEB), the weighted average of your eligible balance across hourly snapshots.
The formula is:
Your Net Reward = (Your TWEB ÷ Total Program TWEB) × Total Program Net Rewards
In other words: the more you hold, and the longer you hold it, the more rewards you earn.
What are gross rewards and net rewards?
Gross Rewards are staking rewards earned by validators on the network. After Gemini deducts its 30% commission and validator network fees, the remainder is your Net Reward — the amount credited to your account.
Displayed APY rates show net estimated returns (after commission), not gross.
When do I receive my rewards?
Rewards accrue continuously and are credited to your trading balance when they reach a minimum threshold (approximately $1 USD equivalent per asset). This may occur more than once per month depending on reward accumulation. Your pending rewards (accrued but not yet credited) are visible in your account at all times in the Asset Rewards section.
What are pending rewards?
Pending rewards are rewards that have accrued on-chain but haven't yet been credited to your trading balance. They're displayed in your account so you can see what's coming. When the minimum threshold is reached, pending rewards are credited and added to your trading balance.
Do my rewards compound?
Yes. When your rewards are credited to your trading balance, they're automatically added to your account and can generate additional rewards in the following period. This means your rewards compound over time.
How are pending rewards held before they're credited?
Pending rewards represent your accrued claim on Net Rewards owed to you. When the minimum threshold is met, your pending rewards are credited to your trading balance.
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ESTIMATED REWARDS
What rewards can I expect?
Estimated rewards vary by asset:
SOL: ~2–4% APY (variable, not guaranteed)
MON: ~9% APY (variable, not guaranteed)
ETH: ~1% APY (variable, not guaranteed; rewards begin approximately 60 days after enrollment)
These are estimates based on recent network conditions and are subject to change. Actual returns will vary based on network staking rates, validator performance, program participation levels, and blockchain protocol conditions.
Are these rewards guaranteed?
No. GEMINI DOES NOT GUARANTEE THAT YOU WILL RECEIVE ANY ASSET REWARDS, INCLUDING THE ESTIMATED RATES. Rewards may vary, decrease, or drop to zero at any time.
Why is ETH's rewards start date delayed?
ETH rewards begin approximately 60 days after enrollment to allow the validator activation queue on the Ethereum network to clear. Until then, your ETH balance is enrolled in Asset Rewards but is not yet generating rewards.
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FEES
What are the fees?
There are no enrollment fees, transaction fees (for toggling on/off), or exit fees. Asset Rewards is free to join and free to leave.
Does Gemini take a commission?
Yes. Gemini earns a commission of 30% of the gross rewards generated by the program. The APY rates displayed in your account reflect this commission — they show your net earnings after Gemini's cut.
Example: If the network generates 3% gross rewards on SOL and Gemini charges 30% commission, you'd receive approximately 2.1% net APY.
Can Gemini change the commission rate?
Yes. Gemini may modify the commission rate with 30 days' notice. If the commission is increased, you may opt out without penalty during the notice period.
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WITHDRAWALS & LIQUIDITY
Can I trade or withdraw my assets while enrolled?
Yes. Your assets remain fully tradable and withdrawable at all times. There are no lock-up periods, cooldowns, or restrictions. One of the key benefits of Asset Rewards is that your crypto stays liquid.
What happens to my rewards if I withdraw?
If you withdraw an asset from Asset Rewards, that balance stops generating rewards going forward. However, any pending rewards earned before the withdrawal are still credited to your account. You can re-enroll anytime.
What if I want to stop participating?
Simply toggle Asset Rewards off in Account Settings. Your balance is immediately removed from the program, and you stop generating new rewards (though pending rewards are still credited). You can re-enroll anytime.
What happens if withdrawal demand is very high?
Gemini manages Asset Rewards liquidity through a combination of techniques including maintaining liquid reserves, adjusting staking targets, and invoking network unbonding periods as needed. Because Asset Rewards balances are not locked, customer redemptions can occur at any time. The timing of unstaking from validators may range from 12 days to 2 months depending on network conditions. In extremely unlikely scenarios where withdrawal demand significantly exceeds available liquidity, Gemini may implement temporary withdrawal queuing with prompt notice. Queued withdrawals will be processed in the order received as liquidity becomes available.
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RISKS
What are the main risks of Asset Rewards?
Staking involves several material risks:
Validator Slashing: Validators can be penalized for malicious behavior or failing to meet network requirements. If slashing occurs, the validator's stake (and associated customer rewards) can be reduced. This is rare but possible.
Variable Rewards: Rewards are not guaranteed and may be less than estimated historical rates. Network conditions, validator performance, and program participation can cause rewards to vary or drop to zero.
Operational Risk: Gemini's infrastructure, validators, or custody mechanisms could fail, potentially resulting in loss of funds.
Network Risk: Blockchain protocol changes or network disruptions could affect rewards or staked balances.
Liquidity Risk: In extreme scenarios, liquidity constraints might affect withdrawal timing.
Can I lose money with Asset Rewards?
Yes. In addition to variable rewards, slashing events or operational failures could result in loss of principal. Staking is not risk-free. Asset Rewards rewards are not guaranteed.
Will Gemini compensate me if slashing happens?
Gemini will compensate you for losses due to slashing, except in these cases:
(a) Slashing caused by your own actions or instructions (including improper account configuration or unauthorized third-party access)
(b) Slashing during scheduled or unscheduled network maintenance
(c) Slashing caused by software bugs or hacks (unless Gemini is grossly negligent or acts with willful misconduct)
(d) Slashing caused by validator hacks or third-party attacks on validators
(e) Force majeure or circumstances beyond Gemini's reasonable control
Compensation is at Gemini's sole discretion and does not constitute a guarantee.
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TAXES
Are Asset Rewards rewards taxable?
Yes. Each reward credit to your trading balance is a taxable income event in most jurisdictions. You are responsible for calculating and reporting all tax obligations. Gemini does not provide tax advice.
Will Gemini provide tax reporting?
Yes. Gemini will provide annual tax reporting documentation summarizing all reward credits received during the calendar year, including dates, amounts, and fair-market values at the time of credit. You can use this to complete your tax filings.
Should I consult a tax professional?
Yes. Tax treatment of staking rewards can vary by jurisdiction and individual circumstances. A qualified tax professional can help you understand your specific obligations and impact on your overall tax situation.
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CHANGES TO ASSET REWARDS
Can Gemini change the Asset Rewards terms?
Yes. Gemini may modify Asset Rewards (including supported assets, per-user caps, commission rates, or reward crediting timing) with the following notice:
Material changes reducing your benefits (e.g., reducing estimated APY, increasing commission, reducing caps, extending crediting delays): 30 days' notice. You may opt out without penalty during this period.
Immaterial changes, operational adjustments, or improvements: Effective upon posting.
Changes required by law or regulatory action: Effective immediately with prompt notice.
Can Gemini suspend Asset Rewards?
Yes. Gemini may suspend Asset Rewards or specific features for security threats, fraud concerns, operational or technical failures, regulatory issues, or market disruptions. Suspension is accompanied by prompt notice, and enrolled customers will have their balances removed from the program with pending rewards credited.
Can Gemini terminate Asset Rewards?
Yes. Gemini may terminate Asset Rewards entirely with 60 days' notice for regulatory prohibition, unmanageable operational or compliance burden, or force majeure or circumstances beyond Gemini's reasonable control.
If terminated: (i) no new enrollments are accepted; (ii) existing enrolled balances are removed; (iii) pending rewards are credited; and (iv) no further credits will occur.
What if Gemini goes out of business?
Gemini's assets and customer balances are held in segregated accounts with partner banks, which are protected by applicable law. Asset Rewards termination would not affect the safety of your principal balances.
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TROUBLESHOOTING & SUPPORT
I don't see the Asset Rewards toggle in my account. Why?
If you're a NY resident or in another excluded jurisdiction, Asset Rewards is not available to you. If you're in an eligible state and don't see the toggle, try logging out and back in, or clearing your browser cache. If the issue persists, contact support@gemini.com.
How do I check my pending rewards?
Go to Account Settings → Asset Rewards. Your pending rewards balance will be displayed there.
How do I opt in or out?
Go to Account Settings → Asset Rewards → Toggle On/Off. It's that simple.
Can I set a reminder to opt out?
You can set a personal calendar reminder. Gemini also sends reminder emails to eligible customers, so check your inbox.
Who is excluded from Asset Rewards?
Residents of NY, OFAC-sanctioned individuals, and customers with institutional, custody-only, API-only, omnibus, or sub-custodial accounts.
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LEGAL & TERMS
How do these Program Terms relate to the User Agreement?
Asset Rewards is governed by both the Gemini User Agreement and the Asset Rewards Program Terms. These Program Terms control on matters specific to Asset Rewards. If there's a conflict, the Program Terms win.
Where can I find the full terms?
See the Asset Rewards Program Terms at gemini.com/legal/asset-rewards-program-terms.
Is Asset Rewards investment advice?
No. Asset Rewards is a service offering, not investment advice, financial advice, or a recommendation. You are solely responsible for evaluating whether Asset Rewards is appropriate for your circumstances.
What if I have a legal question?
For complete legal terms and detailed provisions, see the Asset Rewards Program Terms at gemini.com/legal/asset-rewards-program-terms. For disputes, see the arbitration and governing law provisions in the Program Terms.
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NEED HELP?
Asset Rewards rewards are not guaranteed and may be less than estimated. Staking involves risk of loss, including risk of validator slashing. Past performance does not indicate future results. This is not investment advice.
For questions not answered here, visit support.gemini.com/asset-rewards, or see the full Asset Rewards Program Terms at gemini.com/legal/asset-rewards-program-terms.