The firms are driven by compelling mutual benefits: Galaxy gains extra staking business and BitGo customers are able to use staked assets as collateral for loans and trading.
Kraken, which was forced to shutter its staking products in early 2023 thanks to the SEC, has re-introduced on-chain staking for U.S. clients in 39 state territories.
Now, anyone with 20,000 STRK ($12K) can make money as a validator, and users with smaller holdings can delegate tokens to validators to stake on their behalf.
"ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens," one observer said, explaining the catalysts for the price rally.
As staking grows in popularity through liquid staking derivatives, there is a need to better quantify staking returns for different platforms and how they change over time, says Marcin...