- What currencies can I stake?
Currently we offer staking for Tezos (XTZ) however we have plans to introduce staking for other currencies in the near future. In the future we will be offering staking for both Dash and Cosmos as well. Any other currencies will be announced via our blog.
- Benefits of staking on Kraken vs other platforms?
- Start earning rewards instantly, with no waiting or lockup periods
- Enjoy one of the highest returns in the industry at a fixed rate of 6%
- Payouts every Monday and Thursday
- Stake your tokens in just three clicks from your Kraken Spot Wallet
- You can quickly exit from your staking position by transferring tokens from your Staking Wallet back to your Spot Wallet.
- How often are rewards paid out?
Rewards are paid out every week on Monday and Thursday at 14:00 UTC.
- How do I stake?
You can read our guide on staking here.
- How do I unstake?
You can read our guide on unstaking here.
- What is the difference between XTZ and XTZ.S?
XTZ.S represents staked Tezos while XTZ are non staked Tezos. You may notice XTZ.S when looking over your ledger history.
- Can I trade my coins while they’re staked?
While your XTZ is staked they are not available for trading or withdrawing.
- Do you have a lockout period before I start earning rewards?
Unlike many of our competitors who have a locking period before you start earning rewards and an unlock period after un-staking, on Kraken you start earning rewards within minutes of staking your funds. There is no locking period when unstaking.
- What is the impact on my account equity for margin trading when I stake my coins?
At this time XTZ is not a collateral currency which means it does not count towards your account equity. This means that staking XTZ has no impact on your account equity for margin trading.
- What are the rewards when staking my funds?
The rewards are 6% per year. The rewards may increase if you leave your funds staked since the rewards compound.
- What is “Grow Rewards"?
Grow rewards is a feature that reinvests the rewards you earn every week back into staking which compounds your returns.
- What is the minimum amount of time I need to stake for in order to earn rewards?
There is no minimum amount of time needed to earn rewards, the moment you stake your funds you start earning rewards. For example if you only staked for a few hours and then un-staked your funds you would still be credited rewards on the next payout day which occurs every Monday and Thursday.
- I have another question that was not answered here.
For all other enquiries you may submit a support ticket here.