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Stake RSS3 with Kiln, enterprise-grade staking
RSS3
What is RSS3?
RSS3 builds on the Web2 RSS protocol to pave the way for an open information decentralized network. Its unique architecture enables unlimited use cases, such as open social indexing, decentralized search engines, permissionless AI model training, and more.
How is RSS3 Proof-of-Stake implemented?
RSS3 nodes are tasked and incentivized to index, transform, store and serve information within the RSS3 protocol. “Normal Nodes” increase the likelihood of receiving more requests as they gather more delegation, while “Public Good Nodes” are not eligible for staking rewards but require no delegation to operate.
Participants each receive a “Chip” when staking $RSS3, which is an NFT representing their stake that can be redeemed for the original stake and associated rewards.
Why should you stake your $RSS3?
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, which makes it forecastable. You help secure the network and earn rewards by staking your $RSS3.
If you do not stake, your assets 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 $RSS3 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 RSS3?
As an incentive for helping to safeguard the RSS3 network, you can get rewarded with a GRR* between 30% and 100%, to be issued in RSS3.
Why should you stake your RSS3 with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake RSS3, and to whitelabel RSS3 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 RSS3 easy, secure, and accessible to everyone.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- Excellent track record in staking on 30+ protocols, managing more than $8.6b 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)
How to stake RSS3 with RSS3 and Kiln?
To stake RSS3 with Kiln, delegate your tokens to Kiln validators from our RSS3 node, following the steps in the RSS3 docs.
Kiln validator address: 0x127286d5419bb0c7f055834fb5c1ef26a3280a2a
Reach out to us if you’re an institution wanting to stake RSS3 with Kiln.
Protocol Card
Token
RSS3
GRR
30-100%
Number of live validators
80+
Consensus
DPoS
RSS3 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 behaviours.
When will I receive staking rewards?
RSS3 staking rewards, and original stakes, can be redeemed at any time by burning the associated Chip.
Does interest compound when staking RSS3?
Interest does not compound on RSS3.
Is there a minimum and maximum amount to stake for RSS3?
There is no minimum stake amount on RSS3.
Do I maintain custody of my RSS3 tokens? Is RSS3 staking non-custodial?
While you may maintain self-custody of your staked RSS3 (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked RSS3 (i.e. Fireblocks).
What is the lockup period to stake RSS3? When can I unstake and withdraw my RSS3?
There is no lockup period when staking RSS3.
What are the risks associated with staking $RSS3?
A RSS3 Node can be demoted if it does not meet the requirements set by the RSS3 network, such as uptime, response time to serve requests, etc… When demoted, the likelihood for a Node to receive requests decreases, hence earning less staking rewards.
When demoted several times, a node can be slashed, burning a portion of the staked token delegated to it.
How do rewards work on RSS3?
RSS3 staking rewards come from the fees paid to pass transactions on the RSS3 network, as the chain uses RSS3 for gas.
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 RSS3?
You can learn more about RSS3 on their official documentation and on the RSS3 website.