Kraken offers staking rewards of 12-16% on XTZ.
The Paris Protocol update improves Tezos’ reward issuance mechanism, so you can now earn more on your XTZ when staking with Kraken.
Introducing Kraken Guaranteed Staking for XTZThis allows XTZ holders to profit. 12-16% annual interest rate Kraken has supported flexible staking for XTZ since December 2019, but we are now allowing customers to earn even more from the XTZ they hold in their Kraken accounts.
Already have XTZ in your Kraken account or another crypto wallet? You can start earning additional rewards on your XTZ with a short 10-day lock-in period.
You now have two options when it comes to earning rewards in XTZ using Kraken:
- 12-16% based on 10-day warranty period: Lock your XTZ on Kraken for just 10 days to maximize your profits and earn industry-leading 12-16% APY.
- 5-8% with flexible terms: Get virtually instant access to your XTZ with no lock-in period and enjoy 5-8% APY.
Does this sound like a good fit for your crypto strategy? If so, start staking XTZ on Kraken today or check out our complete guide on how to buy Tezos (XTZ) to get started.
What is Tezos (XTZ)?
Tezos is a cryptocurrency designed to run smart contracts and decentralized applications. Tezos differs from other protocols in that it can update its functionality without the need for a hard fork. It also uses the Liquid Proof-of-Stake consensus mechanism, which allows XTZ holders to delegate their validation rights to other token holders and earn staking rewards without having to give up custody of their cryptocurrency.
To learn more about the protocol, check out our article What is Tezos (XTZ)?
What is Cryptocurrency Staking?
Crypto staking allows holders of specific cryptocurrencies to receive rewards for helping secure a blockchain network. Staking utilizes a series of incentives and penalties to ensure the stable operation of a proof-of-stake based blockchain network.
To learn more about staking, check out our article What is Cryptocurrency Staking?
What is Bonded Staking?
Bond staking is a way to earn higher rewards on your crypto holdings. While Kraken’s flexible staking allows you to stake and unstake within minutes, bond staking allows you to ‘lock’ your crypto for a short period of time to earn higher rewards.
Learn more about Bonded Staking here.
Why stake on Kraken?
Kraken provides a convenient and reliable way to earn rewards for helping secure blockchain networks like Tezos. Not only does Kraken keep your staked XTZ safe, it also helps you avoid the so-called slashing penalty that can be dangerous on other staking platforms.
Kraken is also one of the largest “bakers”, which means we run one of the largest validator node networks for XTZ. Before you allocate your XTZ today, visit the Earn tab on the Kraken Pro app or web to earn 12-16% or more on your XTZ.
