coinbase-custody-and-bison-trails-expand-integration-to-enable-staking-of-solana-tokens

Coinbase Custody and Bison Trails Expand Integration to Enable Staking of Solana Tokens

Coinbase Custody CEO Sam McIngvale (CoinDesk archives)

Coinbase Custody and Bison Trails introduced on Wednesday that customers would now be ready to stake their Solana (SOL) tokens on Bison Trails platforms. 

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  • In an announcement posted on its net page, blockchain infrastructure firm Bison Trails stated this would possibly per chance occasionally allow SOL token holders to partake within the Solana community thru get, offline storage to stake the tokens. This would allow customers to fling the SOL token to Bison Trails’ platform.
  • While Solana has but to search out out the reward fee for customers who steal to stake their tokens, Bison Trails CEO Joe Lallouz stated there would possibly per chance per chance be a “warmup” length for the staked tokens allowing them to alter into energetic so token holders can initiate up earning rewards.
  • In April, Coinbase Custody, the digital asset custodial arm of the San Francisco-primarily based mostly cryptocurrency switch, also introduced it can per chance per chance make stronger staking of Polkadot tokens thru Bison Trails’ platform.

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