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Coinbase Unveils Simple SOL Staking API for Easy Rewards
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With the new Coinbase Staking API, you can stake any amount of SOL on the Solana network, earning rewards for both you and your users.
But the best part? You don’t have to do the hard work of managing the staking process—Coinbase handles that for you.
How Does the Coinbase Staking API Work?
The Coinbase Staking API is super simple to use. All you need is your wallet and the amount of SOL you want to stake. You just plug in your wallet and the desired stake (or unstake) amount, and you’re good to go.
There’s no need to worry about managing Solana stake accounts or dealing with technical headaches. The API takes care of all the tricky stuff, like creating and managing stake accounts. Once your SOL is staked, rewards automatically start adding up in your account. When you’re ready to collect those rewards, you can unstake and claim them in just two steps.
NEW: @coinbase STAKING API ENABLES STAKING ANY AMOUNT OF $SOL ON THE SOLANA NETWORK pic.twitter.com/5eEvvaAkRR
— DEGEN NEWS (@DegenerateNews) October 1, 2024
This solution is perfect for wallet providers, on-chain apps, and custodians who want to stake SOL on Coinbase-operated validators. It’s also great for developers who want a simplified staking process. With the Coinbase Staking API, developers don’t need to handle the complicated task of creating and managing Solana stake accounts—they can just focus on building their apps.
We’re thrilled to announce the launch of SOL support on our Staking API
Developers can now quickly integrate MEV-enabled Solana staking into their apps and enable users to earn rewards: https://t.co/U4a9nIAadb pic.twitter.com/6PAJMueRw1
— Coinbase Developer Platform
(@CoinbaseDev) October 1, 2024
Staking on Solana can be a tricky process, especially if you’re trying to manage stake accounts manually. The Coinbase Staking API does the heavy lifting for you, saving you time and effort. This way, you can focus on growing your project and let Coinbase handle the rest. It’s a win-win situation!
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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October 2, 2024 at 05:58AM
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