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Stake PEAQ with Kiln, enterprise-grade staking
Peaq
What is Peaq?
Peaq is a Layer-1 blockchain specifically designed for Decentralized Physical Infrastructure Networks (DePINs) and Machine Real-World Assets (RWAs). The platform aims to revolutionize mobility, energy, and connectivity industries by enabling decentralized and scalable machine interactions.
Peaq's core innovation is its Modular DePIN Functions, which provide essential functionalities like self-sovereign machine IDs, automated payments, and role-based access control. These features enable connected machines, such as vehicles and robots, to autonomously manage tasks and monetize their interactions.
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 PEAQ) 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 PEAQ.
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 PEAQ 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 PEAQ?
No staking rewards rate is available yet for Peaq which is currently in testnet phase.
Why should you stake your PEAQ with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake PEAQ, and to whitelabel PEAQ 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 PEAQ easy, secure, and accessible to everyone.
- Excellent track record in staking on 30+ protocols, managing more than $4b 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:
PEAQ
Consensus
DPoS
GRR*
Pending mainnet
Number of validators
Pending mainnet
Peaq 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 PEAQ rewards?
PEAQ rewards become claimable at the end of each epoch on Peaq, which lasts 28 days and accumulate until the delegator manually claims them.
Does interest compound when staking PEAQ?
No, rewards do not compound on PEAQ.
What are the risks associated with staking PEAQ?
There is no public information about penalties and slashing on PEAQ currently.
Is there a minimum and maximum amount to stake for PEAQ?
The minimum amount to start staking PEAQ is not know at the moment.
Do I maintain custody of my PEAQ tokens? Is PEAQ staking non-custodial?
While you may maintain self-custody of your staked PEAQ (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked PEAQ (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 Peaq?
You can learn more about Peaq on their website and official documentation.