Galaxy expands retail platform with SOL staking, targeting 6.5% yield

Galaxy expands retail platform with SOL staking, targeting 6.5% yield

GalaxyOne adds Solana staking with variable rewards and zero-fee incentives, extending institutional validator infrastructure to retail users.

Galaxy Digital has introduced a Solana staking feature on its GalaxyOne retail platform, furthering its push into consumer crypto services amid intensifying competition among all-in-one trading apps.

In a Tuesday announcement, Galaxy said GalaxyOne users can now stake Solana (SOL) directly through the app, earning up to 6.5% in variable annual rewards. The yield is not fixed and depends on network conditions, validator performance and overall staking participation, meaning actual returns may fluctuate over time.

The rollout reflects a broader industry shift toward integrating yield-generating products into retail platforms, allowing users to earn passive income on idle crypto holdings rather than simply holding or trading them.

Read more

Source Link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.