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Stake Aleo Credits with Kiln, enterprise-grade staking
Aleo
What is Aleo?
Aleo is a layer 1 blockchain focused on scalability, privacy, and user experience. Aleo aims to achieve this by utilizing Zero-Knowledge proofs, which are cryptographic techniques that allow one party to prove to another party that they possess certain information without revealing the information itself.
Aleo allows for secure and private transactions without compromising on speed or efficiency. It targets applications focused on user privacy.
How is staking implemented on AleoBFT consensus?
AleoBFT consensus employs a staking mechanism to ensure network security and incentivize participation.
Stakers contribute their Aleo Credits to validators, effectively delegating their voting power. In return, stakers receive a share of the network's inflationary rewards, proportional to their stake.
This staking system helps maintain the integrity of the blockchain, as validators with a larger stake have a greater incentive to act honestly and efficiently.
Why should you stake your assets?
Staking is one of the safest and most predictable ways to get rewarded in the crypto space as the value originates from the blockchain’s native currency inflation and a share of transaction fees. You help secure the network and get rewarded by staking your Aleo credits.
If you do not stake, your asset's token share will be diluted among other people’s tokens that are being staked and accumulating new tokens into the network.
You can stake your Aleo credits as well as other (d)PoS cryptocurrencies to:
- 1Put your treasury to work
- 2Diversify and earn, while contributing to blockchains decentralization
- 3Bring new opportunities by enabling your users to earn staking rewards
How to stake Aleo Credits with Kiln?
Stay tuned for a guide on how to stake Aleo Credits with Kiln upon mainnet.
Reach out to us if you’re an institution wanting to stake Aleo Credits with Kiln.
Kiln validator address coming soon.
What are the rewards associated with staking Aleo Credits?
As an incentive for helping to safeguard the network, you can get rewarded up to a 15-20% GRR* from Aleo Credits when mainnet is live.
(source: https://aleo.org/faq/)
Why should you stake your Aleo Credits with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake Aleo Credits, and to whitelabel Aleo Credits staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data, and commission management.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly. Our clients can stake their tokens from our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange, or just their favorite investment app. Kiln makes staking Aleo Credits easy, secure, and accessible to everyone.
- Excellent track record in staking on 25+ protocols, managing more than $4b in stakes.
- Trusted by industry leaders such as Ledger, Lido, Coinbase Cloud, Bitpanda, Crypto.com and many more!
- Non-custodial, work with your existing custodians solutions e.g.Ledger, Fireblocks
- SOC 2 Type II certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)
Protocol card:
Token
Aleo Credits (ALEO)
GRR
Pending mainnet
Number of validators
Pending mainnet
Consensus
AleoBFT