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Revolut Breaks Down the Ins and Outs of Staking in Fourth ‘Learn and Earn’ Course With Polkadot

Revolut, the global financial super app with more than 27 million customers worldwide, is taking another step forward towards its mission to make crypto more accessible. Its doing so with its fourth ‘Learn and Earn’ course. In this second course with Polkadot, users will be introduced to the ins and outs of staking. They will also have the ability to collect additional DOT, Polkadot’s native token, by staking directly in-app.

Polkadot was the first protocol whose token was made available through Revolut’s ‘Learn and Earn’. It enables customers to collect DOT tokens while learning about technology that underpins financial innovation. The new course is available to Revolut customers in the UK and EEA. They can get up to £8/ EUR in DOT tokens by taking these short and simple courses and passing the final quiz.

Revolut will add the reward to the user’s crypto balance after they correctly complete the quiz. Then the customer can apply their new understanding by staking their tokens in-app.

The ”Polkadot Bonus” course consists of two lessons. The first explains the process of staking; the second lesson focuses on the multichain concept and multichain interaction. The content is based on visual materials. Interactive cards and videos sharing key insights about Polkadot’s native token, DOT, will be show. This is in addition to Polkadot’s use cases.

Understanding crypto and blockchain

Emil Urmanshin, crypto general manager at Revolut, said: “We are continuing to make the crypto world more accessible as the interest in cryptocurrencies and blockchain technology continues to rise. Millions of our customers have already completed our Learn and Earn courses so far.

“We believe that the only way customers can make informed decisions about their finances is by making sure that they have all the right tools to understand how crypto works. This is why we are very excited for our second course with Polkadot. This course provides customers with the opportunity to learn more about staking.

“Considering recent regulatory developments, we strongly believe that the timing for this course is right; customers will have the opportunity to understand what ‘on-chain’ staking is, understand how it works and make sure that they feel comfortable to put their crypto to work and earn staking rewards on their balances.”

Bridging the gap between web2 and web3

Polkadot co-founder Robert Habermeier said: “We’re seeing growing demand from consumers to learn more about crypto, and we’re excited to build on the success of Revolut’s Learn and Earn program with this new staking course to continue to bridge the gap between Web2 and Web3. Staking is an important tool in the Polkadot ecosystem – it allows anyone to actively participate in the movement to build a better web by helping us to secure and further decentralise the network.”

Revolut has recently launched the crypto Staking feature in-app which allows customers to stake Polkadot directly, putting their crypto balances to work at Revolut.

Millions of customers globally have completed a ‘Learn and Earn‘ lesson for the first time since the launch of the product in-app in July 2022. In the second edition of the Pulse Report, issued by fintech consultancy 11FS, Revolut’s ‘Learn and Earn’ feature was recognized as a ‘top cryptocurrency star’ in 2022 for its ‘fun and simple approach’, acknowledging the impact of the feature.

“As the feature proved to be a real inspiration for the crypto-curious, Revolut plans to add more courses this year. In turn, this will enable more people to take better control of their finances and give them safe access to new tools and services.

Author

  • Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist interest in North and South America.

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