Stake Injective 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.

‍

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

INJ staking GRR is currently 21.37% at the time of writing this article. INJ APR 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 21 lockup period required by the protocol.

Yes Injective has both transactions and gas fees. For most transactions, fees are less than $0.01 (paid with INJ), even during high-traffic periods.

The risks associated with staking INJ comes from double signing and downtime. Double spending on the Injective protocol comes with a slashing penalty, as well as downtime. When delegating with Kiln these issues are taken care of from our end so you don’t have to worry.

You can stake Injective’s INJ token with as little as 1 INJ.

When you delegate your INJ token from your wallet (ideally a Ledger hardware wallet) to a validator such as Kiln to receive staking rewards, you keep full custody and title of your funds, and never relinquish or contribute these assets or any corresponding accrued rewards to Kiln.

There is a 21 days period lockup on Injective. After unstaking INJ, your tokens become transferable after 21 days.

The average block time on Injective is 1.1 sec, meaning a new block is produced every 1.1 second.

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 Injective's website.