Why stake GRT with Kraken?

STAKING CRYPTO

Earn up to 21%* on your crypto

FAQ

The Graph staking FAQ:

1. Is there a transaction fee to stake my Graph?

   There is no transaction fee for staking The Graph on Kraken. While there is a fee for transferring The Graph from a separate wallet into your Kraken account, Kraken does not charge any transaction fees to stake GRT.

2. Do I need to lock up my GRT for a period of time when staking on Kraken?

   There is no lockup period for staking The Graph on Kraken — you are free to unstake your GRT any time if you want to convert into another cryptocurrency or cash out your staking rewards.

   Clients that opt into earning higher rewards with bonded staking will experience an unbonding period of up to 28 days.

3. Can I convert GRT to USD?

   You can easily convert GRT to USD by taking the price of The Graph multiplied by the number of GRT coins you hold. See our Graph price page converter for details.

4. What is proof of stake?

   Proof of Stake is a consensus algorithm that uses cryptocurrency tokens and network incentives to keep a blockchain secure. On a Proof of Stake blockchain like The Graph, GRT tokens are staked in order to make network validators eligible to verify transactions and incentivize their honest behavior. The amount of GRT a validator stakes is directly proportional to the likelihood that they will be chosen to validate the transaction, with some degree of randomness. Those chosen to verify a transaction on a Proof-of-Stake blockchain like The Graph are rewarded with GRT tokens.

5. Can I stake GRT using my hardware wallet?

   It is not possible to stake The Graph on Kraken using your hardware wallet. If you already have GRT in a hardware wallet, you can easily transfer it to Kraken’s secure staking platform. 

6. How do I run a GRT validator node?

   Running a Graph validator node is a technically complex and costly process which requires a significant amount of resources. Because many feel the investment in running a Graph node is too great, they often choose to stake their GRT using an easy and secure service like Kraken.

7. What is the difference between on-chain and off-chain staking?

   While similar in name and design on our client interface, on-chain and off-chain staking are separate features. On-chain staking utilizes assets “On-chain” in Proof-of-Stake protocols such as Tezos. Off-chain staking utilizes assets “Off-chain” (as further described in our Terms of Service). You can view your eligibility for Off-chain staking here.

8. What is bonded staking?

   Bonded staking is a way to earn higher rewards compared to normal staking. With bonded staking, clients can still unstake at any time, but are required to wait through an unbonding period before they are able to utilize their tokens. Bonded staking is not available in the United States or Canada.