You now have two options when earning rewards on your INJ with Kraken:
Up to 10% on 21-day bonded terms: Lock up your INJ for just 21 days to power up your rewards to 10% APR with Kraken.
Up to 5% on flexible terms: Enjoy up to 5% APR while keeping virtually instant access to your INJ with no lock-up period.
Start staking INJ now
Does that sound like something that fits your crypto strategy? If so, you can start staking your INJ with Kraken today or check out our complete guide on how to buy Injective (INJ) to get started.
What is Injective (INJ)?
Injective is the native cryptocurrency of the Injective Protocol, a decentralized finance (DeFi) platform built on the Cosmos blockchain. It is designed to facilitate decentralized trading, including derivatives, futures and spot markets, without relying on a centralized exchange. INJ serves multiple roles in the ecosystem, including governance, staking and acting as collateral for trading. Users can also participate in decentralized governance by voting on proposals that shape the protocol’s future. INJ aims to create a more efficient, scalable and permissionless financial system.
Check out our What is Injective (INJ)? article to learn more about the protocol.
What is crypto staking?
Crypto staking allows holders of certain cryptocurrencies to earn a reward in return for helping to secure the blockchain network. Staking utilizes a series of incentives and penalties in order to ensure the reliable operation of proof-of-stake-based blockchain networks.
To learn more about staking, check out our What is crypto staking? article.
What is bonded staking?
Bonded staking is a way for you to earn even higher rewards on the crypto you hold. While you always have the ability to stake and unstake in moments with flexible staking on Kraken, bonded staking allows you to earn higher rewards for locking-up your crypto for a short amount of time.
Learn more about bonded staking here.
Why stake with Kraken?
Kraken offers a convenient and reliable way to earn rewards for helping to secure blockchain networks like Cosmos blockchain through the Injective Protocol. Kraken helps you not just keep your staked INJ safe, but also avoid so-called slashing penalties that can be a risk on other staking platforms.
You can earn up to 10% on your INJ by visiting the Earn tab on the Kraken Pro app or web and allocate your INJ today.
Start staking INJ now
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. Not available in the US and other geographic restrictions apply. Reward rates are subject to change, please refer to Kraken’s Terms of Service for additional information.
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Source: Kraken
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