Cardano Staking Goes Live on Kraken Exchange
ADA staking was launched on Tuesday, the exchange said.
Updated Sep 14, 2021 at 12:50 p.m. UTC
- 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.