Kraken Staking Rewards Top $100 Million
We are thrilled to announce that, year-to-date, Kraken has paid out more than $100 million in rewards to our clients via our first-in-class staking service.
Recognized as the global leader in secure, on-chain staking, Kraken has seen the total number of assets staked on our platform rise from $1 billion to more than $5 billion in 2021.
Proof of Stake (PoS) is a method of validating transactions on a blockchain by placing your ‘owned’ tokens up to verify the next proposed block. The more tokens you place, the greater your chances are to win the right to mine a block and, in turn, earn the block reward for your contribution to the network.
As a network participant in many of the premiere PoS protocols, Kraken Staking allows clients to stake their tokens through our platform in order to earn staking rewards. Kraken supports staking for the following tokens: Polkadot (DOT), Kusama (KSM), Cardano (ADA), Flow (FLOW), Ethereum (ETH2), Solana (SOL), Cosmos (ATOM), Tezos (XTZ) and Kava (KAVA). Learn more about Kraken Staking.
“Being a successful crypto exchange is no longer just about being a trading platform,” said Jeremy Welch, Chief Product Officer at Kraken. “It’s about offering a range of products and services so clients can leverage their crypto wealth more effectively.”
Kraken will continue to work tirelessly in developing new products and services to help our clients maximize the utility of their assets and meaningfully engage in the crypto ecosystem. Get started staking with Kraken today.