Cardano Staking Goes Live on Kraken Exchange
ADA staking was launched on Tuesday, the exchange said.
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Staking for Cardano's ADA cryptocurrency is now supported on U.S.-based cryptocurrency exchange Kraken, according to a blog post.
- Users are able to access the staking option inside their Kraken Staking Wallet after the option went live at 21:00 UTC on Tuesday.
- Rewards of 4% to 6% are being offered to those staking ADA, Kraken said.
- Payouts are to be delivered on a regular weekly basis and are currently available for Starter, Intermediate and Pro account tiers.
- Cardano is built with a proof-of-stake mechanism providing developers with the ability to operate smart contracts and run decentralized applications.
- Staking in ADA helps power the network by allowing users to vote on changes to how the network is managed and executed.
- ADA's addition brings the exchange's staking offerings to seven, including Ethereum 2, Polkadot and Flow, among others.
See also: Kraken Considering a Stock Market Debut Next Year: Report
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
