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Kraken to Allow Staking Kusama for Earning Altair Rewards

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Wed, 06/23/2021 - 16:12
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Alex Dovbnya
Kraken will let users stake Kusama (KSM) in order to earn (AIR) rewards
Kraken to Allow Staking Kusama for Earning Altair Rewards
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Leading cryptocurrency exchange Kraken has thrown its support behind Kusama parachain Altair.   

It means that the trading platform’s users will be able to stake Kusama (KSM), the native token of the experimental Polkadot version, in order to receive AIR, the native token of Altair.     

Altair was introduced by the Polkadot-powered Centrifuge last month for enabling the tokenization of real-world assets.

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The parachain is also meant to ensure interoperability between Ethereum, Polkadot, and Kusama, thus boosting liquidity in the decentralized finance sector.

Altair will host the above-mentioned crowdloan event for KSM holders in order to secure enough tokens.

The participants will share 75 percent of the AIR rewards that represent almost 12 percent of the token’s initial supply.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.