Bitvavo adds staking support for SOL, LUNA2, ATOM

Bitvavo now supports staking for three new tokens- SOL, ATOM and LUNA2.

Dutch crypto platform Bitvavo has added three new cryptocurrencies to its staking rewards service.

Now with Solana (SOL), Luna (LUNA2) and Comos (ATOM), customers can leverage their holdings to enjoy staking rewards of up to 10% APY.

Stake SOL, LUNA and ATOM

Staking is one way cryptocurrency holders participate in the network transactions and security of a blockchain network. By locking up their assets for a given period, holders help facilitate the said activities, with a reward earned as part of the incentivisation process.

Bitvavo now supports the above coins, offering a flexible staking feature that allows users to stake or unstake their crypto assets at will.

In their latest update the Dutch-based platform noted the following as the new yearly yield (annual percentage yield, or APY) for the three proof-of-stake digital assets.

Here is what you earn when you stake with Bitvavo:

  • Solana (SOL): earn up to 5% reward
  • Luna (LUNA2): earn up to 6% reward
  • Cosmos (ATOM): earn up to 10% reward

The update means the maximum yearly reward for staked assets on the De Nederlandsche Bank (DNB) regulated platform is higher than the 7.5% initially offered on Icon (ICX).

Users can access and keep tabs on their staked assets in the Bitvavo app.

Cardano (ADA) staking reward update

Apart from adding Solana, Cosmos, and Luna, Bitvavo has updated the staking reward for Cardano (ADA). This has been reevaluated from 5% to 4.25%.

Factors that help determine the yield rate include the average pool rate, blocks per Epochs, amount of ADA pledged and staking costs relating to the percentage of the reward pool operators take.

Bitvavo has over 1 million users and offers up to 180 digital assets, including Bitcoin and Ethereum.

All Dutch and English crypto news!

Price analysis 9/30: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

The United States equities markets have been under a firm bear grip for a large part of the year. The S&P 500 and the Nasdaq...

CFTC charges Digitex founder over illegal crypto derivatives platform

The Commodity Futures Trading Commission (CFTC), has brought charges against Adam Todd, the founder of crypto derivatives platform Digitex, according to court documents filed in...

MicroStrategy takes its BTC maximalism to the next level with new engineer hire

MicroStrategy, the business intelligence and tech company that holds the world's largest Bitcoin reserve, is hiring a Bitcoin Lightning software engineer to create a Lightning...

Crypto Biz: The Voyager Digital auction is over. What now?

Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week,...

Beste exchanges

Koop je crypto bij Bitvavo