We’re thrilled to announce that Kraken now supports staking for MINA holders!
Head into the Earn section of your account to put your MINA to work today.
Note: Staking is not available to residents of the USA, Canada, Australia and Japan.
What is Mina?
Mina’s blockchain is built to maintain its size, regardless of the number of people accessing it, using a technology called zero-knowledge proofs (zk-SNARKs). These are micro-crypto certificates stored by nodes and used to verify transactions in a private and efficient manner, allowing nodes to avoid storing the entire chain.
Mina is a proof-of-stake protocol for programmable payments and apps. Its native currency, MINA, can be used by holders to help govern the ecosystem and for payments to its on-chain applications.
What you need to know
You can earn up to 20% in yearly rewards, distributed weekly.
Deposits require 15 confirmations (~60 minutes). You can add MINA to your Kraken account by navigating to Funding, selecting the asset and hitting Deposit.
Will Kraken list more assets?
Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.
Trade and invest with caution
Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).
Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
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Source: https://blog.kraken.com/post/12470/earn-up-to-20-yearly-when-you-stake-your-mina/
