MoonPay users can now earn passive crypto income with a familiar, savings-style experience.
MoonPay, the global leader in crypto payments, announced the launch of its new staking product, a new feature designed to help users earn passive income from crypto through a familiar, savings-style experience. The product debuts with support for Solana (SOL) and leverages liquid staking, simplifying a traditionally complex process into a one-tap solution.
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With an attractive Annual Percentage Yield (APY) of up to 8.49%, staking on MoonPay offers a compelling way to grow your crypto holdings with minimal effort. Available starting today in the United Kingdom, Canada, the United States (excluding New York), and global markets outside the EEA, staking will empower MoonPay users to grow their crypto investments with minimal effort and maximum flexibility.
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“With staking, we’re removing the barriers that have kept everyday users from benefiting from crypto rewards,” said Ivan Soto-Wright, CEO & Co-founder at MoonPay. “We’ve built a product that mirrors the ease and familiarity of a traditional savings account, but with the earning potential of blockchain networks behind it.”
A Simpler Way to Stake
MoonPay Staking is built to abstract the complexity of decentralized finance (DeFi) while unlocking its powerful benefits. The feature enables users to stake any supported crypto, beginning with automatic conversion into SOL, and earn daily rewards via Solana’s liquid staking protocol.
Key features include:
- One-Tap Staking: Stake your Solana directly with a single tap.
- Real-Time Earnings Tracking: View rewards in both SOL and fiat currency, updated daily.
- Flexible Withdrawals: Unstake at any time with no lock-up periods; convert back into any token on demand.
- Low Entry Point: Users can begin staking with as little as $1, with transaction costs optimized to remain minimal.
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MoonPay’s staking product utilizes liquid staking on the Solana blockchain to generate rewards while keeping assets accessible, eliminating the need for users to interact directly with staking tokens or protocols.
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Source : PRnewswire