Kraken Launches MON Staking at Up to 12% APY — Here's What You Need to Know
(57 days ago) · 1 source · Summarized by CryptoBipto
Kraken has rolled out global staking support for MON, the native token of the Monad blockchain, offering annual yields of up to 12%. Users can now stake their MON tokens directly through the Kraken platform to earn passive rewards.
WHY IT MATTERS
Staking is like putting your money in a savings account — you lock up your crypto tokens to help secure a blockchain network, and in return, you earn interest (called APY, or Annual Percentage Yield). Kraken, one of the world's largest crypto exchanges, is now letting users stake MON — the token of a newer blockchain called Monad — at up to 12% per year. That's a relatively high rate compared to older, more established blockchains. For beginners, this means you can earn passive income on MON holdings without needing technical knowledge, though it's important to remember that higher yields can come with higher risks, especially on newer networks.
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