Earn Up to 12% Interest Returns Staking Polkadot and Cosmos on Kraken

Earn Up to 12% Interest Returns Staking Polkadot and Cosmos on Kraken

Kraken, the large cryptocurrency exchange platform, is implementing staking features for their users that want to earn staking returns on Polkadot and Cosmos.

Kraken, the cryptocurrency exchange, released a feature yesterday that allows Kraken users to start staking their Polkadot and Cosmos tokens in order to earn returns via interest. With this new staking implementation, Kraken clients can new earn up to 12% with Polkadot or 7% with Cosmos as an annual return. This is not the first release of a staking feature by Kraken, they released an option for their uses to stake Tezos with a 6% annual return starting December of 2019.

There are many key advantages of staking your cryptocurrency if you plan on holding it long term, such as earning rewards on your stake with the ability to withdrawal your new rewards without any lockup or waiting period. On top of that, you will receive payouts scheduled twice a week, giving you full access to your rewards. It is simple to start staking with Kraken, all you need to do is put DOT or ATOM into your Kraken staking wallet and the rest is handled for you. You must first have the asset you want to stake in your spot wallet, but all that requires is a simple deposit.

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