Coinbase adds support for staking Solana
Cryptocurrency exchange Coinbase has enabled staking benefits for Solana (SOL), enabling holders on the platform to earn SOL rewards just for holding the coin and keeping it staked within the network.
Coinbase announced the move today, noting that it will gradually roll the feature out across its entire user base. The firm will provide an estimated 3.85% annual percentage yield (APY) on SOL that is staked in the Solana network.