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Stake OM with Kiln, enterprise-grade staking
Mantra
What is Mantra?
MANTRA Chain aims to blend real-world assets with blockchain technology by providing an open environment where permissioned applications can thrive.
Instead of including compliance at the consensus level, smart contracts allow flexible and robust control at the application level when needed. It ensures and simplifies regulatory compliance for tokenized real-world assets.
How is staking implemented on MANTRA Chain?
Stakers are vital in the MANTRA Chain consensus process as validators vote, using cryptographic signatures from their private keys, to confirm transactions.
Both validators and their delegators earn tokens from block rewards and transaction fees by running the Tendermint consensus protocol. Validators can set a commission rate on fees to motivate their delegators.
How to stake OM with MANTRA Chain and Kiln?
Reach out to us if you’re an institution wanting to stake OM with Kiln.
Kiln validator address coming soon.
You can stake your OM 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 OM?
As an incentive for helping to safeguard the MANTRA Chain network, you can get rewarded with up to a 20.79%, which will be issued in OM.
Why should you stake your OM with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake OM, and to whitelabel OM 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 OM easy, secure, and accessible to everyone.
Kiln has been closely working with MANTRA Chain to make sure we provide the best staking experience as possible.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- 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:
OM
Consensus
DPoS
GRR*
20.79%
Number of validators
13
MANTRA Chain 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 activity in the consensus process.
When will I receive staking rewards?
TBD
Does interest compound when staking OM?
No, the interest doesn’t compound when staking OM.
Is there a minimum and maximum amount to stake for OM?
The lowest requirement is 1 OM, but the network is currently secured by higher values. As of November 4th, 2024, validators in the active set have staked a minimum of 4,017,976 OM.
Do I maintain custody of my OM tokens? Is OM staking non-custodial?
While you may maintain self-custody of your staked OM (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked OM (i.e. Fireblocks).
What is the lockup period to stake OM? When can I unstake and withdraw my OM?
TBD
What are the risks associated with staking OM?
If validators misbehave, such as double-signing or being offline for too long, both they and their delegators may be penalized. The size of the penalty depends on how serious the violation is.
How do rewards work on MANTRA Chain?
Validators and delegators earn staking rewards through block provisions and transaction fees.
What is the average block time on MANTRA Chain?
The average block time is 3.51s on MANTRA Chain.
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 MANTRA Chain?
You can learn more about MANTRA Chain on their official documentation and on the MANTRA Chain website.