You now have two options to earn rewards on your INJ with Kraken:
- Up to 10% on 21 day bonded conditions: Lock in your INJ for just 21 days to increase your rewards to 10% APR with Kraken.
- Up to 5% on flexible terms: Benefit from up to 5% APR while maintaining almost instantaneous access to your INJ without a blocking period.
Does this 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 the injective (INJ)?
Injective is the native cryptocurrency of 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 the need for a centralized exchange. INJ plays multiple roles in the ecosystem, including governance, staking, and collateralization for exchanges. Users can also participate in decentralized governance by voting on proposals that shape the future of the protocol. INJ aims to create a more efficient, scalable and permissionless financial system.
Consult our What is the 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 exchange for their contribution to securing the blockchain network. Staking uses a series of incentives and penalties to ensure that proof-of-stake based blockchain networks operate reliably.
To learn more about staking, see our What is crypto staking? article.
What is bond staking?
Linked staking is a way for you to earn even higher rewards on the crypto you hold. While you still have the ability to stake and withdraw your stake in moments with flexible staking on Kraken, linked staking allows you to earn higher rewards by locking up your crypto for a short period of time.
Learn more about linked staking here.
Why bet with Kraken?
Kraken offers a convenient and reliable way to earn rewards for helping secure blockchain networks like the Cosmos blockchain through the Injective protocol. Kraken not only helps you protect your staked INJs, but also avoids so-called cutting 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 on the web and allocate your INJ today.
These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of this information and shall not be liable for any errors, omissions or delays. in this information or for any loss, injury or damage resulting from its display or use. Kraken does not and will not endeavor 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 programs. The unpredictable nature of crypto-asset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Not available in the United States and other geographic restrictions apply. Reward rates are subject to change, please refer to Kraken’s Terms of Service for more information.
