As of December, 2019 we are excited to offer On-chain staking on Kraken!
On-chain staking utilises blockchain Proof-of-Stake protocol to generate rewards through a process typically called “staking.” We use the term “On-chain” to differentiate this traditional form of staking from a separate, “Off-chain” staking service we provide in limited geographies (Off-chain staking does not utilise Proof-of-Stake protocol).
Benefits of On-chain staking on Kraken vs staking on other platforms:
✓ Start earning rewards instantly — no waiting or lockup periods
✓ Payouts twice a week
✓ One of the highest returns in the industry
✓ Stake your assets in just three clicks from your Kraken balances
✓ Instant unstaking
Assets eligible for On-chain staking
Currently we only offer On-chain staking for Tezos (XTZ).
We have plans to introduce On-chain staking for other assets in the near future — such as Dash (DASH) and Cosmos (ATOM). Follow our blog for announcements.
Balance hold & impact on equity for margin trading
While your assets are staked via our On-chain staking service, they are not available for trading and cannot be pushed to your external (non-Kraken) account. You will generally be able to instantly unstake assets at any time.
Staking Tezos (XTZ) also impacts your equity for margin trading, because it is a collateral currency and will be removed from your trading and equity balances while staked. Your equity balances affect your free margin and margin level for margin trading.
Currently, the rewards for On-chain staking of Tezos (XTZ) are 6% per year and we do not take any fees from this.
Your rewards will be compounded with the Grow rewards feature, which adds your earned rewards every week back into On-chain staking.
Rewards are paid out every week on Monday and Thursday at around 14:00 UTC.
Unlike other staking services, at Kraken there is no minimum On-chain staking time needed to earn rewards. You start earning pro-rated rewards for On-chain staking as soon as your instructions to stake are processed by Kraken (which may be within minutes of you staking your funds).
For example, if you only utilized On-chain staking for a few hours and then un-staked your funds, you would still be credited pro-rated rewards on the next payout day. In contrast, on other services you wouldn't receive anything.
For Tezos, the minimum staking amount is 0.000001 XTZ.
There are currently no fees for staking Tezos (XTZ).
It is not possible to stake or unstake on mobile because the Kraken API (which is what the mobile app is based on) does not have any commands for staking.
For all other enquiries you may submit a support ticket here.