Algorand Staking is Live on Kraken

Kraken now supports staking for holders of Algorand’s native token, ALGO.

• You can earn up to 4.75% in yearly rewards, distributed weekly.
• Deposits require 10 confirmations (~45 seconds). You can add ALGO to your Kraken account by navigating to Funding, selecting the asset and hitting Deposit.

Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

About Algorand

Algorand is a Proof-of-Stake blockchain that rewards users for contributing their funds as part of the network’s validation process. With a goal of delivering faster, scalable and more cost-effective smart contracts, it departs from the traditional infrastructure that underpins leading cryptocurrencies.

About Kraken

Kraken is the trusted and secure digital asset platform.

📰 INFO

https://blog.kraken.com/post/11665/earn-up-to-4-75-yearly-when-you-stake-your-algo/