Kraken, a leading cryptocurrency exchange, has introduced a new onchain staking product for clients in 39 US states and territories. This launch enables eligible users to participate in securing supported blockchain networks while earning rewards through bonded staking.
Key Features of Kraken’s Onchain Staking
- Eligible Tokens: Stake 17 assets, including ETH, SOL, DOT, and ADA.
- Bonded Staking: Assets are locked to the network for a predefined period, enhancing security.
- Validator Delegation: Kraken delegates staked assets to validators, which process transactions and distribute rewards (minus fees) to stakers.
- Slashing Insurance: US clients benefit from third-party slashing protection.
- ETH Restaking: Integration with EigenLayer allows restaking to bolster Ethereum’s security.
Why This Matters
Mark Greenberg, Kraken’s Global Head of Consumer, emphasized the product’s role in advancing crypto adoption in the US:
"This development restores parity between US clients and global users, empowering them to contribute to blockchain security while earning rewards."
Supported States and Expansion
Kraken’s staking service is initially available in select states, with plans to expand as regulations permit. Clients can check eligibility via Kraken’s staking homepage.
FAQs
Q1: Which tokens can I stake?
A: ETH, SOL, DOT, ADA, and 13 other supported assets.
Q2: How does bonded staking work?
A: Assets are locked to the network temporarily, and validators distribute rewards to stakers.
Q3: Is staking safe on Kraken?
A: Yes, Kraken offers slashing insurance and partners with trusted validators.
👉 Explore Kraken’s staking options
About Kraken
Founded in 2011, Kraken is a pioneer in crypto services, offering secure trading, staking, and derivatives. The platform emphasizes transparency, including Proof of Reserves audits.
For more details, visit Kraken’s official website.
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