Kraken has exciting news for its Canadian users. Bonded on-chain staking strategies are now available for a range of cryptocurrencies, including Ethereum (ETH), Solana (SOL), Polygon (MATIC), Polkadot (DOT), Kusama (KSM), Cosmos (ATOM), Secret (SCRT), and Kava (KAVA).
This development opens up opportunities for Canadian crypto holders to earn rewards by staking their assets.
How to Start Staking
To begin staking your crypto assets on Kraken, follow these simple steps:
- Deposit Crypto Assets: Navigate to the Funding section of your Kraken account, select the desired asset, and hit Deposit to add your crypto assets.
- Access Bonded Staking: Canadian clients can now access bonded staking options and earn up to 18% APR* from the Earn section of their Kraken Pro account or the Kraken Pro mobile app.
Available Bonded Staking Assets
Here’s a breakdown of the available bonded staking assets on Kraken, along with their respective unbonding periods and APR ranges:
| Asset | Unbonding Period | Bonded Staking APR* range |
| Ethereum (ETH) | Variable | 3% – 6% |
| Solana (SOL) | 3 days | 6% – 8% |
| Polygon (MATIC) | 3 days | 3% – 6% |
| Polkadot (DOT) | 28 days | 15% – 21% |
| Kusama (KSM) | 7 days | 17% – 22% |
| Cosmos (ATOM) | 21 days | 14% – 18% |
| Secret (SCRT) | 21 days | 12% – 17% |
| Kava (KAVA) | 21 days | 6% – 11% |
*APR or Annual Percentage Rate — the APR rates shown are an estimate of the rewards you could earn on the asset you hold, based on the average staking rewards accrued over the past period and are subject to change in compliance with Kraken’s terms of service.
Future Asset Availability
While these are the currently available assets for bonded staking, Kraken intends to expand its offerings in the future. However, specific details about new assets are kept confidential until shortly before their launch. Users can stay updated on new asset additions through Kraken’s blog and social media platforms.
Stake on Kraken now
With bonded staking now accessible in Canada through Kraken, crypto holders have an opportunity to maximize their assets and earn rewards through staking. By taking advantage of this feature, users can potentially earn attractive APR rates while contributing to the security and decentralization of their favorite blockchain networks.
