Kraken Launches AVAX Staking With 10% APY as Avalanche Trades Near $9.54
Summary
Kraken launched a global Avalanche (AVAX) staking program that offers three options: Bonded Staking (promotional up to 10% APY, later up to 7%), and Auto Earn and Flexible Staking (each up to 3.5% APY). The exchange auto-restakes rewards and handles validator operations and infrastructure so users do not need to run nodes or manage technical steps. The service is available across many markets including the US (excluding New York and Maine), the UK, EU, Canada, and Australia, though additional regional limits apply. Avalanche’s price reaction has stayed muted around $9.54, and Kraken’s promotional yield sits above average staking rates but may revert closer to 7% over the longer term.
Classifications
industries
Fintech & Banking
applications
Engineering & Scientific
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Blockchain Software
Developer Tools
Infrastructure Software
Linked Companies
Ava Labs
$10M to $25M