Solana ($SOL) Staking Becomes Available on Crypto Exchange Coinbase - Aliens: AI Crypto News & Markets Updates
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Solana ($SOL) Staking Becomes Available on Crypto Exchange Coinbase

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CryptoGlobe

Sat, Jul 02, 2022

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As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization, and is one of the largest proof of stake blockchains by market cap.

And in exchange, they are rewarded with additional assets from the network, which are paid out as rewards.“ According to the blog post Coinbase published on June 29, “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 this launch, Coinbase says that it is “offering an easy, secure way for any retail user to actively participate in the Solana network and earn rewards.” Here is some information about $SOL staking — which will be “progressively rolled out to all eligible customers” — on Coinbase: “tart earning automatically.

Once you buy Solana, you automatically start earning rewards via staking.

The current estimated annual return for Solana staking on Coinbase is ~3.85% APY.

Your Solana always stays in your account; you just earn rewards while keeping your crypto safely on Coinbase.

Users can opt out at any time.“ On Episode 60 of Season 4 of “The Scoop” podcast — which was recorded live at The Block headquarters in New York — journalist Frank Chaparro spoke with Anatoly Yakovenko, co-founder and CEO of Solana Labs.

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