Stake Evmos with Kiln, enterprise-grade staking

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, 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 incentivises collaboration and fair practices while validating information in a similar way that PoW has with incentives and punishments to curtail malicious activity while creating consensus.

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Evmos validators verify and add new transactions to the network through the blocks they produce, or attest other validators’ blocks. Validators get rewarded with EVMOS tokens for securing the network and passing transactions.

EVMOS staking GRR is currently 34.14% at the time of writing this article. EVMOS GRR may be subject to change in the future. Rewards can be claimed through the ‘Claim’ button in the Rewards tab of your dashboard subject to the 14 days lockup period required by the protocol. (Source: https://www.stakingrewards.com/)

Yes Evmos has both transactions and gas fees. For most transactions, fees are less than $0.002.

Evmos implements a slashing mechanism. This occurs in case of downtime for validators and their delegators and for nodes that attempt to vote on two separate attestations at the same time. Slashed validators will add bonded tokens to the staking pool.

Slashing also occurs if Evmos' Proof-of-Stake generates an invalid hash.

Find more about how Kiln maintains a strong monitoring process and mitigate downtime and slashing.

You can stake Evmos’s EVMOS token with as little as 1 EVMOS.

When you delegate your EVMOS token from your wallet (ideally a Ledger hardware wallet) to a validator such as Kiln to receive staking rewards, you keep full custody of your funds.

The lockup period for Evmos is 14 days. Rewards are accrued once a day.

The average block time on Evmos is 2,5 sec, meaning a new block is produced every 2,5 seconds.

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.

There are many existing resources, but we invite you to visit Evmos's website.