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).
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.
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.
