Bond staking in Canada: ETH, SOL, MATIC, DOT, KSM, ATOM, SCRT and KAVA now available!
Bonded Staking Assets Available:
memo:
- An overview of eligibility criteria (including geographic restrictions) can be found here.
- If on-chain staking does not appear as an option on your account, you may not be eligible.
Additional information about each token follows:
Ethereum (ETH) is a global open source platform for decentralized applications. Ethereum is a trustless, decentralized, and secure marketplace for financial services, games, and apps. ETH is a cryptocurrency that supports the Ethereum network. This is used to pay for transaction fees, acts as a store of value, a peer-to-peer payment method, or as collateral to create completely different crypto tokens running on Ethereum.
Solana (SOL) is a blockchain platform that aims to improve user scalability. Solana is a blockchain platform that aims to increase user scalability through faster transaction settlement times and flexible infrastructure. The SOL cryptocurrency plays a key role in maintaining and operating the Solana ecosystem and is used to execute smart contracts, transmit transactions, and incentivize actors that support the network.
Polygon (MATIC) is a multi-chain scaling solution for the Ethereum blockchain. Polygon is a layer 2 scaling solution for Ethereum that aims to improve speed and reduce the cost and complexity of transactions on the network. Polygon uses sidechains to help with off-chain computations while maintaining security and uses a decentralized network of proof-of-stake (PoS) validators. MATIC is a utility token on the Polygon network, used to secure the chain through staking, participate in network governance, and as a unit of payment for transaction fees on the network.
Polkadot (DOT) is a blockchain network designed to facilitate fast transaction confirmation. Polkadot is a blockchain that seeks to connect the ecosystem of blockchains, and to do so, it introduces several new technical features. The Polkadot network consists of two types of blockchains. There is a main chain called the relay chain, where all transactions are permanently agreed upon, and a user-created chain called the parachain.
Kusama (KSM) is an experimental testing environment based on Polkadot’s codebase. Created by the same team that deployed Polkadot, Kusama is a testing ground for developers who want to hold KSM tokens, build and deploy parachains, or try out Polkadot’s governance, staking, nomination, and verification features in a real-world environment.
Cosmos (ATOM) is the Internet of Blockchain. Cosmos is a scalable, interoperable, decentralized blockchain ecosystem. Cosmos’ goal is to make it easy for developers to build separate blockchains that can interact with each other. That is, essentially forming an internet of blockchains networked together. ATOM is the native staking token associated with Cosmos Hub, the first of thousands of interconnected blockchains.
Secret Network (SCRT) uses a computer’s Trusted Execution Environment (TEE) to encrypt smart contracts in a permissionless manner on a public blockchain network, providing greater privacy to users.
Kava (KAVA) is a decentralized finance (DeFi) platform that allows users to issue loans on their own using cryptocurrencies as collateral. Kava allows anyone to use a handful of major cryptocurrencies (BTC, XRP, BNB, and ATOM) as collateral to create self-issued loans without running a credit check or finding a counterparty. The loans are issued using a USD-pegged stablecoin called USDX, and the collateral cryptocurrency assets are returned when the loan is repaid.
Will Kraken have more assets available?
yes! However, our policy is not to disclose any details, including the assets we are considering, until shortly before launch. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our Customer Engagement Specialists are unable to answer questions about what assets we may offer in the future.
*APR or Annual Percentage – The APR rate shown is an estimate of the rewards you could earn on assets held before commissions and is based on the average staking rewards earned over the past period and is subject to change based on compliance. Follow Kraken’s Terms of Service.
These materials are provided for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptocurrency or to engage in any particular trading strategy. Kraken does not and will not seek to increase or decrease the price of any particular cryptocurrency it offers. Some cryptocurrency products and markets are unregulated and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptocurrency market may result in loss of funds. Taxes may be levied on the appreciation and/or reporting of your cryptocurrency assets and you should seek independent advice regarding your tax position. Not available in the United States and other geographic restrictions apply. Compensation rates may change. Please see the Kraken Terms of Service for more information.
Payward Canada Inc., operating as Kraken, has submitted applications for registration in certain Canadian jurisdictions but has not yet obtained registration. Until Payward Canada Inc., operating as Kraken, receives registration, Payward Canada Inc. has agreed to abide by the terms of the Agreement available at: https://www.securities-administrators.ca/wp- Content/Uploads /2023/04/20230324-Kraken-PRU-publication-version.pdf.
