Digital Assets: Kraken Announces Support for The Graph (GRT) Staking

The team at Kraken notes that they’re pleased to announce that their crypto trading platform now supports staking for The Graph (GRT) holders,

From the Earn section of your Kraken account or from your Pro mobile app, you’ll be “able to stake your GRT holdings and earn up to 8% in yearly rewards.” Additionally, Kraken makes it easy “for you to stake and unstake at any time, with no lockup periods.”

As clarified in the update, GRT Staking is “not available to residents of the United States, Canada and Japan.”

As explained in a blog post by Kraken:

“With The Graph, anyone can build and publish open APIs, called subgraphs, that make data from blockchains easily accessible. The data from these subgraphs can then be transformed, organized and shared across decentralized applications (dapps) for anyone to query. GRT is the token that powers the economics of The Graph protocol.”

You may check out the Kraken Learn Center guide What is The Graph? to find out more details about this project.

You can “earn up to 8% in yearly rewards, distributed weekly.” Deposits reportedly “require 20 confirmations (~1 minute).” You can “add GRT to your Kraken account by navigating to Funding, selecting the asset and hitting Deposit.”

As always, Kraken said they would make more assets available. But their policy is “to never reveal any details until shortly before launch – not even which assets we are considering.”

All of Kraken’s available tokens are available via their official website, and all future tokens will be “announced on Kraken’s blog and social media profiles.” The firm’s client engagement specialists “cannot answer any questions about which assets we may be making available in the future.”

There is “no guarantee that a limit order will execute.” There is also “no guarantee of executing at a certain price for a market order.” The availability and liquidity of the particular digital asset “will impact these types of orders.” Kraken also reminded users that making an asset or token available is “not a recommendation to buy, sell, or participate in the associated network.”

As always, do your own research and “invest at your own risk.”

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