Kraken Staking For DOT Polkadot
Users can earn rewards when you stake cryptocurrencies and fiat for a period of time as an incentive to acquire and hold onto staking assets. Some staking coins may require a bonding period.
To earn staking rewards, simply select the asset you wish to stake and once it has finished bonding, it will be ready to start staking and earning rewards twice a week from the Proof of Stake process.
Staking is a great way to maximize your holdings in staking coins and fiat that would otherwise be sitting in your Kraken account. Once you have staked your assets you can earn staking rewards on top of your holdings and grow them further by compounding those future rewards.
About Kraken
Based in San Francisco, Kraken is the world’s largest global digital asset exchange based on euro volume and liquidity. Globally, Kraken’s client base trades more than 60 digital assets and 7 different fiat currencies, including EUR, USD, CAD, GBP, JPY, CHF and AUD. Kraken was founded in 2011 and was the first U.S. crypto firm to receive a state-chartered banking license, as well as one of the first exchanges to offer spot trading with margin, regulated derivatives and index services. Kraken is trusted by more than 7 million traders, institutions and authorities around the world and offers professional, round the clock online support.
Kraken is backed by investors including Tribe Capital, Hummingbird Ventures, Blockchain Capital and Digital Currency Group, among others.
About Polkadot
Polkadot is an open-source network protocol that allows arbitrary data — not just tokens — to be transferred across blockchains. It’s built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created.
