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Stake NTN with Kiln, enterprise-grade staking
Autonity
What is Autonity?
Autonity is a public blockchain built on the Ethereum Virtual Machine (EVM) and utilizes a proof-of-stake mechanism to facilitate the decentralized clearing of smart derivatives contracts.
Its goal is to transform any market risk that participants want to speculate on or hedge against into a smart derivative product, enabling fully decentralized trading and price discovery within its ecosystem.
What is staking?
Proof-of-Stake is a newer form of consensus algorithm that relies on a stake rather than electrical power. This makes it more efficient and environmentally adapted. By offering a stake in the form of locked tokens into a smart contract. This stake is used to secure the chain and validate blocks.
By locking a protocol’s native tokens (ie NTN) 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 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 NTN.
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 NTN 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
What are the rewards associated with staking NTN?
No staking rewards rate is available yet for Autonity which is currently in testnet phase.
Why should you stake your NTN with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake NTN, and to whitelabel NTN 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 NTN easy, secure, and accessible to everyone.
- Excellent track record in staking on 30+ 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
NTN
GRR
Pending mainnet
Number of validators
157
Consensus
DPoS
Autonity FAQ
What does Proof-of Stake mean?
Proof-of-Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. Through PoS, validators can contribute to the block production of a chain while keeping environmental concerns to a minimum, which is becoming an increasingly large issue in Proof-of-Work.
By staking capital rather than energy, validators risk losing a portion of their value and future potential for staking by misbehaving while creating blocks. This incentives collaboration and fair practices while validating information in a similar way that PoW has with incentives and punishments to curtail malicious
When will I receive NTN rewards?
NTN rewards become claimable at the end of each epoch on Autonity and accumulate until the delegator manually claims them.
Does interest compound when staking NTN?
Yes, rewards compound when staking NTN.
What are the risks associated with staking NTN?
The Autonity protocol's Penalty Absorbing Stake (PAS) model prioritizes slashing a validator’s self-bonded stake before affecting any delegated stake when penalties are applied for accountability issues. A validator self-bonded stake is slashed before any delegated stake.
Delegated stakes are only slashed if the self-bonded stake is insufficient to cover the penalty, with both unbonding and bonded delegated stakes being slashed proportionally if necessary.
Is there a minimum and maximum amount to stake for NTN?
There is no minimum stake amount.
Do I maintain custody of my NTN tokens? Is NTN staking non-custodial?
While you may maintain self-custody of your staked NTN (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked NTN (i.e. Fireblocks).
What is a Gross Reward Rate (GRR) and how is it different from a Net Reward Rate (NRR)?
In the context of Proof-of-Stake blockchains, the gross reward rate (GRR) refers to the total or gross amount of rewards earned from staking before deducting any fees or expenses. This is a reward rate that fluctuates with the operations of the protocol and the performance of validators, it is not set by Kiln. The net reward rate (NRR), on the other hand, takes into account the deductions or expenses, providing a measure of the actual rewards received after subtracting fees or costs.
Where can I learn more about Autonity?
You can learn more about Autonity on their website and official documentation.