The largest staking mining pool in the world, Huobi Pool, has recently launched Solana (SOL) staking. Now, investors can easily and quickly vote for notes and earn rewards on the platform, as well as enjoying up to 5% annualized returns by staking at least 0.1 SOL.
Usually, only investors with large token balances are able to participate in Proof of Stake (PoS) for public chains. This makes it very difficult for some investors to stake on a public chain to the high entry barrier.
The launch of SOL staking channel removes that barrier, and allows typical token holder to participate and reap the node benefits such as profiting from block generation.
Huobi Pool is proud to provide a gateway into the staking process for our users to earn rewards, by leveraging our experience in the on-chain governance and operations.
Through this initiative, we can encourage our users to participate and engage with the SOL community more. We look forward to stepping up interaction with the community and welcome more projects in the near future.
Du Jun, Co-Founder of Huobi Group
Sometime between August and September, SOL experienced a steep upward trend and reached the ATH of $191 per token. SOL is currently valued roughly at $169 and has a market cap of over $49 million.
