Thu. Apr 11th, 2024



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Staking

We’re thrilled to announce the support for bonded on-chain staking strategies for DYM, SEI and TRX starts now in most regions!

How can I start staking?

Add crypto assets to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Clients can now stake crypto assets and earn up to 18% in yearly rewards from the Earn section of your Kraken Pro account or from the Kraken Pro mobile app.

New to crypto staking? Check out the Kraken Learn Center article What is crypto staking? to learn more.

Available bonded staking assets:

Asset Unbonding Period Bonded Staking yearly rewards range
Dymension (DYM) 21 days  5% – 10% 
Sei (SEI) 21 days  3% – 6%
Tron (TRX) 14 days  3% – 6%

Note: 

  • An overview of eligibility criteria (including geographic restrictions) can be found here.
  • If On-chain staking is not showing as an option on your account, you may not be eligible.

Here’s some more information about each token:

Dymension (DYM) is a blockchain network known for its RollApps. The blockchain focuses on the play-to-earn gaming and decentralized finance (DeFi) sectors, and is managed by the Dymension Hub. It enhances data handling through Data Availability Networks and offers a RollApp Development Kit for developers. The network’s operations and user rewards system are anchored by the DYM token, which was initially distributed to the community through the Genesis Rolldrop, forming a key part of Dymension’s strategic growth in the blockchain sector. Check out the Kraken Learn Center guide How to buy Dymension (DYM) for more information.

Sei network (SEI) is a Layer 1 blockchain developed on Cosmos that aims to provide a next-generation DeFi infrastructure. Utilizing central limit order books (CLOBs), Sei Network facilitates decentralized application (dApp) integration and access to liquidity within the Cosmos ecosystem. SEI validators can choose to accept other Cosmos ecosystem approved tokens for gas payment based on network governance. The SEI token allows users to pay for gas fees and also functions as the protocol’s governance token. Check out the Kraken Learn Center guide How to buy Sei Network (SEI) for more information.

Tron (TRX) is a smart-contract-enabled blockchain platform where developers can deploy their own decentralized apps (dApps). TRON is powered by Delegated Proof of Stake (DPoS) consensus mechanism, allowing holders of its native token, TRX, to vote on who can earn rewards for validating transactions on the blockchain. TRON’s vision is to create a decentralized version of the Internet. Check out the Kraken Learn Center guide How to buy Tron (TRX) for more information.

Will Kraken make more assets available?

Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. 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 client engagement specialists cannot answer any questions about which assets we may be making available in the future. 


These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.

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