Yugocean
Valued Contributor
Kraken is working with Alluvial Finance to bring Liquid Collective's liquid staking on its platform. This step is a step towards WEB3 development.
Liquid Collective is an enterprise-grade Liquid staking protocol that is built and operated by WEB3 collective groups. This protocol provides a receipt token to the staker upon staking the token.
ETH stocked in Kraken is held, investors cannot unstake it until the Shanghai upgrade, and the Shanghai upgrade will take place at least 6 months later (the time frame may be extended (read here). So ETH investors are angry, and Kraken wants to address this annoyance by offering receipt tokens. However, as it is new, it is not clear how effective its receipt token will be.
While it is not yet certain whether Kraken will offer this feature for any crypto other than ETH as of now, but not for Luna, the staking of Luna has been indefinitely suspended by Kraken.
Liquid Collective is an enterprise-grade Liquid staking protocol that is built and operated by WEB3 collective groups. This protocol provides a receipt token to the staker upon staking the token.
ETH stocked in Kraken is held, investors cannot unstake it until the Shanghai upgrade, and the Shanghai upgrade will take place at least 6 months later (the time frame may be extended (read here). So ETH investors are angry, and Kraken wants to address this annoyance by offering receipt tokens. However, as it is new, it is not clear how effective its receipt token will be.
While it is not yet certain whether Kraken will offer this feature for any crypto other than ETH as of now, but not for Luna, the staking of Luna has been indefinitely suspended by Kraken.
