Kraken introduced several Avalanche (AVAX) staking products including bonded staking with up to 10% APY initially, flexible staking, and an Auto Earn option that automatically restakes rewards. This move highlights a trend where crypto exchanges are turning staking into user-friendly yield products, competing to capture idle liquidity within their platforms. Avalanche’s staking is already mature with about 44.67% of AVAX staked and a native reward rate near 6.7% APY, so Kraken’s launch focuses on convenience and expanding retail access rather than basic staking availability. The rollout across major regions like the US, UK, EU, Canada, and Australia signals growing exchange confidence in staking services despite past regulatory concerns.
Kraken introduced AVAX staking on May 21, offering three options: Bonded Staking with a promotional 10% APY (dropping to 7% after the introductory period), Auto Earn, and Flexible Staking each up to 3.5% APY. The platform manages all validator operat...
Kraken has introduced Avalanche (AVAX) staking with three product tiers offering up to 10% APY during a promotional period, which will later settle at 7% APY. The staking options include Bonded Staking, Auto Earn, and Flexible Staking, all featuring ...
