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Stake STX with Kiln, enterprise-grade staking
Stacks
What is Stacks?
Stacks is a Bitcoin L2 solution built on top of Bitcoin, adding smart contract functionality while maintaining Bitcoin's decentralization. By anchoring its history on Bitcoin, the Bitcoin L2 solution ensures security and immutability.
Stacks protocol aims to bring programmability to Bitcoin enabling decentralized applications and more used-cases that are not natively supported, all while periodically settling transactions on the Bitcoin blockchain. Stacks sees Bitcoin's properties like its slow speed and lack of scalability as strengths for decentralization, boosted by Stacks L2.
Deep-dive into the BTC staking ecosystem through our detailed blog post.
How is Stacks Proof-of-Transfer implemented?
The process works as follows: miners lock BTC to participate in the block mining election every bitcoin block. A share of these BTC is then distributed to "stackers" as rewards in the form of STX tokens. One miner is elected to produce Stacks blocks, with their likelihood of selection determined by the proportion of BTC they contribute to the vote compared to the total participation.
The elected miner is rewarded with newly minted STX tokens. After the miner has produced some blocks, “Stackers” validate and approve each block produced by the miner and receive BTC staking rewards for securing the chain by locking their STX tokens.
Why should you stake your assets?
Staking offers a secure and reliable method to earn rewards from your digital assets. These rewards come from both the native currency inflation of the blockchain and/or a portion of transaction fees. However, with Stacks, the rewards aren't distributed in the native STX token but rather in bitcoin (BTC). By staking Stacks native token (STX) you now have the opportunity to earn bitcoin passively.
You can stake your STX to:
- 1Earn BTC
- 2Bring new opportunities by enabling your users to earn staking rewards
- 3Optimize your balance of the leading cryptocurrency
Why should you stake your STX with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake STX, and to whitelabel STX 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 STX easy, secure, and accessible to everyone.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- Stake STX in 1 click
- Manage all your STX stakes and rewards from a single dashboard
- Non-custodial, work with your existing custodians solutions e.g.Fireblocks
- SOC 2 Type II certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)
Protocol Card
Token
STX
GRR
6-8%
Number of live validators
69
Consensus
PoX