Earn up to 14% in Yearly Rewards When You Stake Your MATIC

We’re thrilled to announce that Kraken now helps staking for Polygon (MATIC) holders!

From the Earn part of your Kraken account or out of your Professional cell app, you’ll be capable to stake your MATIC holdings and earn as much as 14% in yearly rewards.* MATIC staking on Kraken is gasless, that means there aren’t any community transaction charges for staking and unstaking, or for claiming and withdrawing staking rewards. Moreover, Kraken makes it straightforward so that you can stake and unstake at any time, with no lockup durations.

Notice: MATIC staking just isn’t out there to residents of Japan.

What’s Polygon?

Polygon is a Layer 2 scaling answer for Ethereum that goals to enhance the velocity and scale back the prices and complexities of transactions on its community. Polygon is a sidechain which helps to extend transaction throughput whereas nonetheless sustaining safety by way of using a decentralized community of Proof-of-Stake (PoS) validators. MATIC is the utility token of the Polygon community and is used for securing the chain by way of staking, collaborating in community governance and as a unit of cost for transaction charges on the community. Take a look at the Kraken Study Middle information What’s Polygon? to study extra.

What it’s worthwhile to know

• You possibly can earn as much as 14% in yearly rewards, distributed weekly.
• Deposits require 20 confirmations (~1 minute). You possibly can add MATIC to your Kraken account by navigating to Funding, deciding on the asset and hitting Deposit.

Will Kraken listing extra belongings?

Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – not even which belongings we’re contemplating. All of Kraken’s listed tokens can be found on our web site, and all future tokens will likely be introduced on Kraken’s weblog and social media profiles. Our shopper engagement specialists can not reply any questions on which belongings we could also be itemizing sooner or later.

Commerce and make investments with warning

There isn’t a assure {that a} restrict order will execute. There may be additionally no assure of executing at a sure value for a market order. The supply and liquidity of the actual digital asset will affect these kinds of orders. Itemizing an asset or token for commerce just isn’t a suggestion to purchase, promote, or take part within the related community. Do your individual analysis and make investments at your individual danger.

* Reward charges are topic to vary and compliance with Kraken’s phrases and situations. These supplies are for normal data functions solely and will not be funding recommendation or a suggestion or solicitation to purchase, promote, stake or maintain any digital asset or to have interaction in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your crypto belongings and you need to search impartial recommendation in your taxation place. For extra data, please see our Phrases of Service.