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How to Stake Ethena (ENA) on Kraken

Kraken may not directly support ENA staking, but you can still use Kraken to buy ENA and transfer it for staking.

Current APY

25.0%

Price

$0.0956

Platform Fee

10–15%

Platform Type

Exchange

Start Staking ENA on Kraken

Kraken handles all the technical setup.

Stake ENA on Kraken →

Step-by-Step: Stake ENA on Kraken

1

Create a Kraken account

Sign up at Kraken, complete identity verification (KYC), and secure your account with 2FA.

2

Deposit or buy ENA

Transfer ENA to your Kraken wallet, or buy it directly using fiat currency (bank transfer, card, etc.).

3

Navigate to Staking

Go to the staking or earn section on Kraken. Find Ethena (ENA) in the list of available staking assets.

4

Choose your staking amount

Enter the amount of ENA you want to stake. Review the estimated APY, lock period, and any fees.

5

Confirm and start earning

Confirm the staking transaction. Your ENA will begin earning rewards, usually within 1–3 days. Rewards are typically auto-compounded.

Kraken for ENA Staking: Pros & Cons

Pros

  • + Low fees (10–15%) among exchanges
  • + 20+ stakeable assets — widest selection on a CEX
  • + Competitive APYs, often above market
  • + Staking available in most countries

Cons

  • - Custodial — Kraken controls staked assets
  • - US residents limited after 2023 SEC settlement
  • - Staking UI less polished than Coinbase
  • - Some assets have minimum lock requirements

FAQ: ENA Staking on Kraken

What APY can I earn staking ENA on Kraken?
The current estimated APY for ENA staking is around 25.0%. Actual rates vary based on network conditions, validator performance, and Kraken's fee structure (10–15% commission on rewards).
Is staking ENA on Kraken safe?
Kraken is a custodial exchange with a medium risk profile for ENA staking. As a custodial platform, they manage your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake ENA from Kraken?
Unstaking times depend on the network: Flexible on most assets. During the unstaking period, your ENA won't earn rewards.
What fees does Kraken charge for ENA staking?
Kraken charges 10–15% commission on rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake ENA on other platforms?
Yes! You can compare all available platforms for ENA staking on our How to Stake Ethena guide. Different platforms offer different APY rates, fees, and custody models.