You now have two options when earning rewards on your XTZ with Kraken:
Kraken now offers two options for earning rewards on your XTZ. If that sounds like something that fits your crypto strategy, you can start staking your XTZ with Kraken today or check out our complete guide on How to buy Tezos (XTZ) to get started.
Tezos (XTZ) is a cryptocurrency that is designed to run smart contracts and decentralized applications. Tezos is unique from other protocols, in that it can update its features without the need for a hard fork. It also uses a liquid proof-of-stake consensus mechanism, which allows XTZ owners to delegate validation rights to other token holders and still earn staking rewards – without giving up custody of their cryptocurrency.
Check out our article What is Tezos (XTZ)? to learn more about the protocol.
Crypto staking allows holders of certain cryptocurrencies to earn a reward in return for helping to secure the blockchain network. Staking utilizes a series of incentives and penalties in order to ensure the reliable operation of proof-of-stake based blockchain networks.
To learn more about staking, check out our article What is crypto staking?
Bonded staking is a way for you to earn even higher rewards on the crypto you hold. While you always have the ability to stake and unstake in moments with flexible staking on Kraken, Bonded staking allows you to earn higher rewards for ‘locking-up’ your crypto for a short amount of time.
Learn more about Bonded staking here.
Kraken offers a convenient and reliable way to earn rewards for helping to secure blockchain networks like Tezos. Kraken helps you not just keep your staked XTZ safe, but also avoid so-called slashing penalties that can be a risk on other staking platforms.
Kraken is also one of the largest “bakers,” meaning we operate one of the largest validator node networks for XTZ. You can earn 12-16% or more on your XTZ by visiting the Earn tab on the Kraken Pro app or web before you allocate your XTZ today.
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