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Stake CRO with Kiln, enterprise-grade staking

Cronos

Edgar Roth, Protocol Specialist
November 27, 2024

* Gross Reward Rate (GRR) may change over time and vary depending on the open source blockchain protocol code. In addition, fees might be deducted from the gross effective rewards earned.

What is Cronos?

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Cronos operates as an open-source EVM-compatible blockchain, combining high-speed functionality with minimal transaction costs. 

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Tailored to support the creator economy, it facilitates Web3 applications like DeFi and GameFi. Cronos aspires to serve as the fundamental infrastructure for an expansive and accessible open metaverse.

How is CRO Proof-of-Stake implemented?

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Cronos uses a customized version of Tendermint. In Cronos, validators earn their role by showing commitment, technical skills for smooth upgrades, a good track record in running reliable nodes, and financial stability. 

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Within the selected group of authorized validators, the influence of each node's vote is dictated by the quantity of staking tokens allocated to them by the validator group.

Why should you stake your assets?‍

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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 CRO.

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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 CRO as well as other (d)PoS cryptocurrencies to:
  • 1
    Put your treasury to work
  • 2
    Diversify and earn, while contributing to blockchains decentralization
  • 3
    Bring new opportunities by enabling your users to earn staking rewards
Stake CRO now

How to stake CRO with Kiln?

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To stake CRO with Kiln, delegate your tokens to Kiln validators from any of the following wallet:

  • Ledger (recommended)
  • Crypto.com DeFi Wallet
  • CRO Chain Desktop Wallet
  • Kepler

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Kiln validator address: crocncl1lqm9hhzuqgutgswlff5yf9kmn7vx6pmksk4kvs

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‍Reach out to us you’re an institution wanting to stake CRO with Kiln.

What are the rewards associated with staking CRO?

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As an incentive for helping to safeguard the network, you can get rewarded with up to a 7-9% GRR*. 

(source: https://protocolstaking.info)

Why should you stake your CRO with Kiln?

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Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake CRO, and to whitelabel CRO staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data, and commission management.

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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 CRO easy, secure, and accessible to everyone.

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We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:

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  • Excellent track record in staking on 25+ protocols, managing more than $3b 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)

How to stake CRO with Kiln?

‍

To stake CRO with Kiln, delegate your tokens to Kiln validators from any of the following wallet:

  • Ledger (recommended)
  • Crypto.com DeFi Wallet
  • CRO Chain Desktop Wallet
  • Kepler

‍

Kiln validator address: crocncl1lqm9hhzuqgutgswlff5yf9kmn7vx6pmksk4kvs

‍

‍Reach out to us you’re an institution wanting to stake CRO with Kiln.

What are the rewards associated with staking CRO?

‍

As an incentive for helping to safeguard the network, you can get rewarded with up to a 7-9% GRR*. 

(source: https://protocolstaking.info)

Why should you stake your CRO with Kiln?

‍
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake CRO, and to whitelabel CRO staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data, and commission management.

‍

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 CRO easy, secure, and accessible to everyone.

‍

We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:

‍

  • Excellent track record in staking on 25+ protocols, managing more than $3b 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
CRO
GRR
7-9%
Number of live validators
100
Consensus
PoS
Edgar Roth, Protocol Specialist
November 27, 2024

* Gross Reward Rate (GRR) may change over time and vary depending on the open source blockchain protocol code. In addition, fees might be deducted from the gross effective rewards earned.

Stake Cronos 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 CRO rewards?

Validators are rewarded every block (~5 seconds) on Cronos.

Does interest compound when staking CRO?

Yes, you can enable compounding on rewards on CRO by connecting your Cosmos Wallet to Restake.app, click the toggle to enable autocompounding and grant Kiln the ability to do that for you for a given period of time. Then sign the transaction.

Is there a minimum and maximum amount to stake for CRO?

There is no minimum stake amount.

Do I maintain custody of my CRO tokens? Is CRO staking non-custodial?

While you may maintain self-custody of your staked CRO (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked CRO (i.e. Fireblocks).

What is the lockup period to stake CRO? When can I unstake and withdraw my CRO?

Stakers must stake for a minimum of 28 days before being able to withdraw staked tokens.

What are the risks associated with staking CRO?

There is a risk of penalty on Cronos protocol. If a validator remains offline for 2,500 blocks within the latest 5,000 blocks, it will face penalties. 

Staked tokens are not subject to deduction as a penalty; instead, the validator will face removal for a 24-hour period and can rejoin only after this time.

How do rewards and penalties work?

Users can stake their CRO with validators and, in return, receive staking rewards. Validators can choose to set a commission fee as compensation for their crucial role.

There is a risk of penalty. The validator, deemed offline, will be removed from the active validator set and can rejoin only after a 24-hour period.There is also a risk of slashing. Validators endorsing two different blocks will undergo slashing consequences. Stakers associated with the slashed validator will experience a 5% reduction in their stake.

What is the average block time on Cronos?

The average block time is 5 seconds on Cronos.

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 Cronos?

You can learn more about Cronos on their official documentation and on the Mintscan CRONOS dashboard.

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