Announcing the Launch of Gemini Staking

We are pleased to announce the launch of Gemini Staking, which allows you to seamlessly receive staking rewards in your Gemini account. As of today, you can start staking MATIC* on the Polygon network. Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Audius (AUDIO) support will be launched soon.

Gemini Staking is available to users in the United States (excluding New York), Singapore, Hong Kong, Australia, Brazil, and more than 30 other jurisdictions.

What Is Staking?

Staking is central to Proof-of-Stake consensus mechanisms, whereby users pledge crypto to securely validate transactions on a blockchain network. Once validated, users who have staked their crypto receive tokens as a reward.

Staking may seem like a daunting task for users who are not steeped in crypto. There are challenges associated with selecting or running your own validator node, ranging from protecting your private keys to ensuring the validators are always connected to the network. Small mistakes can lead to network-imposed penalties and the loss of staked tokens.

Staking Crypto on Gemini

At Gemini, we simplify and secure the staking process, allowing you to stake your assets with more confidence in just a few steps. And, we protect your staked assets by reimbursing you for penalties imposed by validators on your staked tokens.

Learn how to stake your crypto on Gemini.

Gemini Staking helps customers avoid challenges with staking while earning rewards quickly and securely:

• Covered Infrastructure Costs and Gas Fees — Gemini will cover any expenses associated with staking and unstaking processes.
• Slashing Protection — Gemini will reimburse you for certain penalties imposed in connection with staking.
• Institutional-Grade Security — With Gemini Staking, customers do not need to manage private keys and the associated risks, and can rely on Gemini’s industry-leading security features.

Earning Yield on Your Crypto With Gemini

As outlined above, Gemini Staking offers a seamless way to further explore the world of crypto and help secure and validate blockchain transactions, with yield generated through crypto rewards paid out to validators.

“The launch of Gemini Staking underscores our continued commitment to offering a full suite of innovative options for our customers to put their crypto assets to work,” said Franck Kengne, Product Manager at Gemini. “We continue to seek out new ways to help our customers grow their crypto portfolios and tailor them to their risk appetite — staking is an important next step in that evolution.”

You can learn more about how staking and Proof-of-Stake blockchains work here.

We are thrilled to continue building out a robust suite of products that enhance your crypto experience as we advance our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*Remember that Gemini supports the ERC-20 version of MATIC.

Updated: June 2, 2023