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When it comes to the Tezos blockchain, baking has come to mean contributing to the network’s security and decentralization through block production. Kiln has been serving as a corporate baker on Tezos since 2021.
Kiln started collaborating with the Tezos Foundation to offer enterprise-grade baking to institutions; deepening our involvement with the protocol and helping accelerate Tezos’ adoption.
We are glad to announce the first integration with one of the leading exchanges in the world: Binance.US. As of today, Binance.US users can easily stake their XTZ and earn rewards while participating in Tezos’ security. This is a major milestone for all XTZ holders and those interested in participating in the Tezos ecosystem.
“As one of the pioneers in Proof-of-Stake blockchains, more institutions and organizations than ever before are choosing to build on Tezos because of its scalability, efficiency, and diverse ecosystem. I am thrilled to see Kiln continue to play an important role for our ecosystem in offering institutional baking for its clients around the world such as Binance.US.”
– Roman Schnider, President of Tezos Foundation
The XTZ staking opportunity
Introduced in June of 2018, Tezos is now a leading delegated Proof-of-Stake (dPoS) network which offers smart contract functionality and boasts a diverse and growing community.
Staking on a dPoS network is the most organic way to produce rewards in the crypto space. Value comes from the natural inflation of the network, while stakers provide further security to the ecosystem. With staking, there is no counterparty but the network itself. Validators are automatically rewarded for their operations through preset ‘block reward’ rules and a share of transaction fees. There is no risk of default or bank runs.
In partnership with Kiln, Binance.US is now offering XTZ staking to its users so they can benefit from safe yields.
“We’re thrilled to have Kiln integrated into the Binance.US staking ecosystem. We have seen an increase in demand for staking following the market conditions and we are finally delighted to be able to meet the needs of our customers for XTZ thanks to Kiln and the support of the Tezos foundation. We are delighted to have found the right partner, combining both security and the best returns.”
– Brian Shroder, CEO of Binance.US
Why Binance US chose Kiln as its staking provider for XTZ
Before today, Binance.US had not yet found a staking provider with both the trust of the Tezos foundation and the right infrastructure. Kiln is able to secure and update validators and rewards infrastructure with enterprise-grade standards, such as securing and updating validators and rewards data infrastructure, a 24/7 job that Kiln masters with its unique enterprise-grade standards:
- Industry leading SLAs : 99% uptime guarantee
- SOC2 Type 1 certified
Thanks to this new product launch, Binance.US users holding XTZ can benefit from:
- Native XTZ yield around 5.24%* with Kiln’s bakers
- Ease-of-use: 1-click staking with a clear and simple interface
“Our mission at Kiln is to make XTZ staking seamless and secure for everyone. We are happy to help Binance.US to offer XTZ staking to their users. This integration will allow Binance.US users to secure the Tezos network and be rewarded for it. We are looking forward to supporting more protocols together.”
– Laszlo Szabo, CEO at Kiln
Get in touch to add XTZ to your offering
Why use Kiln’s staking solution as an exchange?
- Access all protocols with a single solution: Power staking for all applicable protocols within a single solution.
- Diversify opportunities: Diversifying your product with safer yields than CeFi and more predictable rates than DeFi.
- Grow AUM and decrease churn: Staking helps with user acquisition and churn reduction in the competitive exchange market.
Find out more about Kiln solutions for exchanges
About Tezos
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit https://tezos.com/.
About Binance.US
Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies with some of the lowest fees in the industry. Launched in September 2019 and headquartered in California, Binance.US was established to serve U.S. consumers and adhere to U.S. regulations.
About Kiln
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data and commission management.
*As of December 12th, 2022
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