Algorand (ALGO) was added to Coinbase back in July but ALGO staking wasn't available... until today.
They just enabled ALGO staking and APY is 6%
Other staking APYs are 👇
USDC = 0.15% APY
DAI = 2.00% APY
XTZ = 4.63% APY
ATOM= 5.00% APY
So 6% on ALGO staking seems pretty good.
As long as you hodl ALGO in your Coinbase wallet, you start earning rewards automatically so you don't have to do anything.
Reward is going to be paid out everyday and is compounded 🤤
ALGO price isn't that great right now, but I think I will trade all the dust coins into ALGO and see how it works for a while.
Coinbase Earn has free $6 ALGO if you are interested
Coinbase ALGO staking doesn't lock up your asset , so you can trade or withdraw anytime you want, but there are things you should know about ALGO here
Staking and inflation on Coinbase
https://blurtwallet.com/~witnesses?highlight=tomoyan
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will you stake them?
I started yesterday. I got reward today :)