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Stake Somnia with Kiln, enterprise-grade staking
Somnia
What is Somnia?
Somnia is a high-throughput, EVM-compatible Layer 1 blockchain aiming to process over a million transactions per second with sub-second finality.
Its architecture is optimized for low transaction costs at scale, providing the necessary infrastructure for developing applications that demand high-frequency, real-time onchain interactions for a global user base.
By offering high scalability, low fees, and Ethereum compatibility, Somnia is designed to unify and power a vast “virtual society” of interoperable metaverse, NFT, and gaming experiences for millions of users.
What is staking?
Proof-of-Stake is a consensus algorithm that relies on a stake rather than a proof of work. 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 (i.e. SOMI) 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 SOMI .
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 SOMI 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
How to stake SOMI with Kiln
Follow these steps to start staking SOMI with Kiln:
- Enter the Somnia staking dashboard page.
- Connect your wallet and make sure it’s set to the Somnia network (you can find the network info on Chainlist).
- In the list of validators, select Kiln. You can also find it by clicking the “Delegate your stake” tab and searching for Kiln.
- Enter the amount of SOMI you want to stake.
- Click on "Delegate stake" and sign the transaction in your wallet.
- When you stake your tokens, they’re locked for 28 days before you can unstake.
- If you need your tokens back sooner, you can choose to emergency unstake, but this comes with a steep cost: you’ll lose 50% of your staked tokens, which will be returned to the Somnia treasury.
If you are an institution, please reach out to us to learn how to stake SOMI with Kiln.
Detailed information about Kiln validators can be found here.
Why should you stake your SOMI with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake SOMI, and to whitelabel SOMI 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 SOMI easy, secure, and accessible to everyone.
Kiln has been closely working with SOMI 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 $16B 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)Transparent monitoring – dashboards and APIs for real-time tracking of rewards
Protocol Card
Token
SOMI
GRR
TBD
Consensus
PoS
Somnia FAQ
What is a Proof-of Stake?
Proof-of-Stake (PoS) is a consensus mechanism that secures blockchains without the energy-intensive mining of Proof-of-Work. Instead of solving complex puzzles, users lock up (stake) their tokens to help validate transactions. Validators are selected based on the amount staked, and dishonest behavior risks losing a portion of the staked tokens.
Do I maintain custody of my SOMI tokens?
Yes. Staking SOMI with Kiln is non-custodial, meaning you retain full ownership and control of your tokens throughout the staking process. Additional security measures, such as using a hardware wallet, are available if desired.
What are the risks when staking SOMI?
Stakers are subject to slashing if they act maliciously against the network. This will be further explored in Somnia’s upcoming tokenomics documentation.
What is the average block time associated with SOMI?
Somnia is aiming for a ~100ms block time.
Where can I learn more about staking SOMI?
For additional details, refer to the official Somnia documentation.