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Coinbase Enables Staking To Offer Rewards For Staking Solana - Investment - Nairaland

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Coinbase Enables Staking To Offer Rewards For Staking Solana by coinsazette: 1:31pm On Jun 30, 2022
Coinbase is expanding the coin-staking portfolio for users. The cryptocurrency exchange has enabled Solana staking benefits, which in return will generate rewards for SOL investors. These rewards will be allotted for holding and staking SOL coins within Coinbase's network. The current estimated annual return for Solana staking on Coinbase is 3.85 percent Annual Percentage Yield (APY). The rewards will be distributed every three to four days.

Staking is a process that involves depositing crypto assets to support a blockchain network and validate transactions. Blockchains that support proof-of-stake (PoS) mining allows staking of held coins. Staking allows crypto holders to generate passive income.

Solana is a PoS blockchain. It allows SOL holders to hold their assets and churn returns.

“While it has been possible for individuals to stake Solana on their own, or through a delegated staking service, the process can be confusing and complicated. With today's launch, Coinbase is offering an easy, secure way for any retail user to actively participate in the Solana network and earn rewards,” Coinbase said in a blog post.

https://coins-gazette.com/post-detail/coinbase-enables-staking-to-offer-rewards-for-staking-solana

Re: Coinbase Enables Staking To Offer Rewards For Staking Solana by Qre1: 4:28pm On Jun 30, 2022
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Re: Coinbase Enables Staking To Offer Rewards For Staking Solana by OladapoF(m): 6:52pm On Jun 30, 2022
I use yellowcard.io and Coinbase as well.

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Re: Coinbase Enables Staking To Offer Rewards For Staking Solana by EinsteinAyo(m): 10:51am On Jul 01, 2022
I also use Yellowcard because it remains the safest, easiest platform to buy and sell Bitcoin online
Re: Coinbase Enables Staking To Offer Rewards For Staking Solana by AyodejiFelix(m): 10:56am On Jul 01, 2022
I use Yellowcard , Binance and Coinbase. I have never regretted using Yellowcard because of its multiple payment options.
Re: Coinbase Enables Staking To Offer Rewards For Staking Solana by semrobertson: 8:08pm On Jul 03, 2022
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