Products
Open-source
Restaking
dApp
Enterprise Dashboard
Validators
Connect
On-Chain
DeFi
Solutions
Protocols
Company
Docs
Products
Solutions
Protocols
Company
Docs
Stake ATOM with Kiln, enterprise-grade staking
Atom
What is ATOM?
The Cosmos network is a blockchain layer 1 protocol that focuses on Web3 development and interoperability with other chains. ATOM is the native utility and governance token of Cosmos Hub. ATOM is used in governance and block production in the Cosmos network. Cosmos was the first chain to be built on Tendermint, a PoS and BFT based mechanism for consensus building.
Is COSMOS a Proof-of-Stake blockchain?
As mentioned, Cosmos is built on the Tendermint framework, which works as its main consensus mechanism and is a Proof-of-Stake (PoS) system. Staking ATOM is not particularly difficult, but there are some things you need to know. Things like:
- Long unbonding periods
- Penalties for downtimes
- The inflation rate of the ATOM coin
This should not stop you from staking ATOM yourself and earning rewards from doing so.
What is staking?
Proof-of-Stake (PoS) is a consensus algorithm that aims to improve on some of the problematic aspects of its predecessor Proof-of-Work. It is more popular as it is more environmentally focused and efficient. It works by locking up some of the native tokens with rewards being an incentive for doing so.
By locking a protocol’s native tokens (ie ATOM) to give “validators” the right to secure a chain. Validators propose new blocks or attest other validators’ blocks, gaining rewards for doing so.
Why should you stake your assets?
Staking brings new tokens into the ecosystem in the form of rewards. It is considered the most organic way to receive income in the crypto world, and to participate in the appreciation of the token’s value, as the value comes from the blockchain’s currency inflation. By staking ATOM you are adding to the security of the chain and making a profit from your tokens too.
If you do not stake, your assets’ value will be eroded from protocol inflation.
You can stake your ATOM as well as other PoS cryptocurrencies to:
- 1Put your treasury to work
- 2Diversify and earn
- 3Bring new opportunities by enabling your users to earn staking rewards
How to stake ATOM with Kiln?
The minimum amount you will need to start staking is 1 ATOM.
- Install the Keplr wallet extension, if possible with a hardware wallet, and deposit your ATOM tokens
- From the wallet extension, access the Keplr dashboard
- In the left panel, make sure you're on the "Cosmos Hub" network
- Head to the Staking tab in Keplr dashboard
- Search for the "Kiln" validator
- Select the amount you wish to stake, click on "Delegate"
- Confirm the transaction on Keplr wallet
- You will begin receiving rewards on your staked ATOM after 21 days
Detailed information about Kiln validators can be found here.
What are the rewards associated with staking ATOM?
As an incentive for helping to safeguard the network, you can earn up to 22.16% GRR* from each validator you stake through Kiln.
(source: https://protocolstaking.info/)
Why should you stake your ATOM with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake ATOM, and to whitelabel Solana 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. Our goal is to allow everyone to securely and seamlessly stake their coins from our dashboard. In addition to our dashboard you can also use a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange or just their favorite investment app. Kiln makes staking ATOM easy, secure, and accessible to everyone.
- Stake ATOM in 1 click
- Manage all your ATOM stakes and rewards from a single dashboard
- Non-custodial, work with your existing custodians solutions e.g.Fireblocks
- SOC 2 Type II certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)
Protocol Card
Token
ATOM
GRR
15-25%
Number of live validators
410
Consensus
dPoS
Looking to stake ATOM?
Fill out the form and we'll be in touch as soon as possible.