Malaysian crypto exchange Hata has introduced Solana (SOL) staking on its platform, allowing users to earn returns of up to 5.95% per annum.
The feature allows users to stake SOL without the need for external wallets, nodes, or delegation.
Staking can begin from as little as 0.1 SOL, with rewards automatically credited to user wallets on a daily basis.
Staking is supported by Hata’s trusted validator infrastructure.
Hata is now the second regulated crypto exchange in Malaysia to offer staking.
The company, which has over 160,000 users, said the new feature is designed to provide long-term value through lower fees and more competitive reward rates.
Hata also plans to expand its staking options beyond SOL.
Users can also join the platform’s new affiliate programme, earning 10% of their friends’ trading fees while giving them a 10% rebate.
“Our goal is to make crypto investing rewarding for our users over the long term. We are bullish on Solana, hence we want to ensure Malaysians can maximise their gains through investing and earning additional wealth through staking SOL as a long term investment.
We also designed SOL staking to be straightforward and easy, so users can grow and compound their wealth without needing to be technical experts.”
said David Low, CEO of Hata.
Featured image: Edited by Fintech News Malaysia, based on images by jimjemrangga and rawpixel.com via Freepik
