Earn up to 8% in yearly rewards when you stake your GRT #Earn #yearly #rewards #stake #GRT. Here is what we have for you today on TmZ Blog.
We’re thrilled to announce that Kraken now supports staking for The Graph (GRT) holders!
From the Earn section of your Kraken account or from your Pro mobile app, you’ll be able to stake your GRT holdings and earn up to 8% in yearly rewards. Additionally, Kraken makes it easy for you to stake and unstake at any time, with no lockup periods.
Note: GRT Staking is not available to residents of the United States, Canada and Japan.
What is The Graph?
With The Graph, anyone can build and publish open APIs, called subgraphs, that make data from blockchains easily accessible. The data from these subgraphs can then be transformed, organized and shared across decentralized applications (dapps) for anyone to query. GRT is the token that powers the economics of The Graph protocol.
Check out the Kraken Learn Center guide What is The Graph? to learn more.
What you need to know
You can earn up to 8% in yearly rewards, distributed weekly.
Deposits require 20 confirmations (~1 minute). You can add GRT to your Kraken account by navigating to Funding, selecting the asset and hitting Deposit.
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s available tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
Trade with caution
There is no guarantee that a limit order will execute. There is also no guarantee of executing at a certain price for a market order. The availability and liquidity of the particular digital asset will impact these types of orders. Making an asset or token available is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
*Reward rates are subject to change and compliance with Kraken’s terms and conditions. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your crypto assets and you should seek independent advice on your taxation position. For more information, please see our Terms of Service.
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