Odaily News Robinhood's European crypto branch has launched the Solana staking feature. Johann Kerbrat, general manager of Robinhood Crypto, said that although interest rates may change with changes in staking rewards, the feature will provide an annualized return of approximately 5% when launched. It also stated that the reason for choosing Solana as its first staking product is that SOL is one of the most popular tokens among its European customers, and staking on Solana is simpler than on Ethereum. However, Robinhood Solana's staking annualized return is lower than Coinbase and Phantom Wallet. Coinbase provides staking users with an annualized return of 5.42%, while Phantom Wallet provides an annualized return of up to 7.58%. (Blockworks)