eToro has announced the launch of staking for NEAR Protocol
(NEAR) and Polygon (POL). According to the firm, this addition expands its
staking offering, which already includes Solana (SOL), Ethereum (ETH), Cardano
(ADA), and Tron (TRX).

eToro Adds Automatic Staking Feature

Staking involves locking cryptoassets to support blockchain
operations, such as transaction validation. Users who stake receive rewards as
compensation for their participation. This feature allows users to earn
additional cryptoassets while contributing to the network’s security.

Eligible eToro users can now stake NEAR and POL by holding
open positions in these assets. The staking process is automatic, and
participants receive monthly updates detailing their rewards and the
calculation methodology. Users can opt out of the program at any time.

“As interest in digital assets surges again, we’re committed
to offering our users more ways to grow their portfolio and participate in the
evolving blockchain ecosystem,” said Adi Lasker Gattegno, Director of Crypto
Desk at eToro.

“Building on the success of our ETH and SOL staking launch
in July, we are excited to expand our staking programme to include NEAR and
POL. Eligible users will be able to
stake these assets in a simple and secure way.”

Staking Excludes CFDs and Short Trades

Reward percentages vary between 45% and 90% of the staking
yield, depending on the user’s eToro Club tier. A portion of the yield is
retained by eToro to cover operational and compliance-related expenses.

Staking eligibility requires users to reside in permitted
jurisdictions and meet a minimum holding period for the staked assets.
Positions involving CFDs, CopyTrader, Smart Portfolios, or short trades are not
eligible.

This article was written by Tareq Sikder at www.financemagnates.com.

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