We’re thrilled to announce that Floki (FLOKI), Renzo Protocol (REZ), Neutron (NTRN), Saga (SAGA), and Stride (STRD) are all now available on Kraken!
Funding and trading
FLOKI, REZ, NTRN, SAGA, and STRD have all entered post-only mode and trading will be live as of 17:00 UTC today, July 16, 2024.
To add one of these new assets to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.
Make sure to deposit your tokens into the networks supported by Kraken. Deposits made using other networks will be lost.
The new tokens are tradeable on Kraken and Kraken Pro with the following parameters:
Note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
FLOKI and REZ are not available in Canada, or the US.
Here’s some more information about the token:
Floki (FLOKI), taking its name from Elon Musk’s dog, launched as a memecoin in 2021. It has since expanded into an ecosystem prioritizing community and charitable endeavors, and boasts its own gaming metaverse, marketplace and staking platform. The FLOKI token can be used for payments, or interacting with dApps on Ethereum or Binance Smart Chain.
Renzo (REZ) is a liquid derivative platform that interfaces with EigenLayer, offering better yields than simple ETH staking by securing Actively Validated Services. Renzo simplifies the process for users with its own restaking strategy manager, which calculates the best risk/rewards in the ecosystem. REZ acts as a governance token, enabling users to vote on proposals affecting the future development of Renzo.
Neutron (NTRN) is a protocol enabling easy smart contract deployment within the Cosmos Hub. Its CosmWasm platform provides instant interoperability, granular control and a simplified dev experience for parties launching decentralized applications (dApps). Alongside ATOM, NTRN is used to pay for transaction fees, of which 75% are burnt.
Saga (SAGA) is a protocol that empowers developers to launch application-specific blockchains (or Chainlets) with ease. Its integrated stack allows anyone to spin up a high-performance, interoperable chain suited to their specific use case — without the usual friction of working with blockchain tooling. The SAGA token serves a range of purposes, including staking, securing the network and participating in governance.
Stride (STRD) is a Cosmos-based blockchain that facilitates liquid staking within the IBC. When users stake with Stride, they receive liquid staking tokens (LSTs) which can be used across DeFi protocols. STRD is staked to enable users to earn rewards and participate in the protocol’s DAO.
Ready to trade but don’t have a Kraken account yet? Sign up today!
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, 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 making available in the future.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the
accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
Source: https://blog.kraken.com/product/trading-for-floki-rez-ntrn-saga-and-strd-opens-july-16
