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Stake INIT with Kiln, enterprise-grade staking
Initia
What is Initia?
Initia is a modular execution layer designed to enhance the scalability and flexibility of blockchain applications. Initia decouples the execution layer from consensus and data availability layers, allowing developers to create highly scalable and customizable decentralized applications (dApps). By leveraging this modular approach, Initia facilitates specialized execution environments tailored to specific use cases without the constraints of traditional monolithic blockchain designs.
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 INIT) 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 INIT.
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 INIT 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 INIT?
No staking rewards rate is available yet for INIT which is currently in testnet phase.
Why should you stake your INIT with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake INIT, and to whitelabel INIT 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 INIT easy, secure, and accessible to everyone.
- Excellent track record in staking on 40+ protocols, managing more than $8b 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
INIT
Consensus
DPoS
GRR*
Pending mainnet
Number of validators
Pending mainnet
Initia FAQ
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 behaviours.
When will I receive INIT rewards?
INIT rewards become claimable at the end of the unbonding period which lasts 21 days and accumulate until the delegator manually claims them.
Does interest compound when staking INIT?
No, rewards do not compound on INIT.
What are the risks associated with staking INIT?
If a validator doesn’t behave according to the consensus rule, it may be jailed and prevented from validating and generating staking rewards.
Is there a minimum and maximum amount to stake for INIT?
The minimum amount to start staking INIT is not know at the moment.
Do I maintain custody of my INIT tokens? Is INIT staking non-custodial?
While you may maintain self-custody of your staked INIT (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked INIT (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 INIT?
You can learn more about Initia on their website and official documentation.