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Stake STRK with Kiln, the leading staking rewards platform
Starknet
What is Starknet?
Starknet is a layer 2 for Ethereum that leverages zk-STARKs (Zero-Knowledge Scalable Transparent ARguments of Knowledge) to enhance transaction throughput and reduce costs while maintaining Ethereum's security.
Starknet allows developers to build and deploy smart contracts using Cairo, a programming language optimized for efficient proof generation. By offloading computation-intensive tasks off-chain and submitting succinct proofs to Ethereum, Starknet enables scalable and secure dApps without compromising on decentralization or security.
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 STRK) 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 STRK.
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 STRK 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
Why should you stake your STRK with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake STRK, and to whitelabel STRK 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 STRK easy, secure, and accessible to everyone.
- Excellent track record in staking on 40+ 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 STRK with Kiln?
Reach out to us if you’re an institution wanting to stake STRK with Kiln.
Protocol Card:
Token
STRK
Consensus
DPoS
GRR*
4.94% to 13.52%
Number of validators
Pending mainnet
Starknet 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
Is there a locking period when staking STRK?
Yes, there is a 21-day locking period without earning rewards upon existing from STRK staking.
When will I receive STRK rewards?
STRK rewards become claimable at the end of the locking period, which lasts 21 days.
What are the risks associated with staking STRK?
There is no slashing during the first stage of staking on Starknet.
Is there a minimum and maximum amount to stake for STRK?
There’s is no minimum to start staking STRK.
Do I maintain custody of my STRK tokens? Is STRK staking non-custodial?
While you may maintain self-custody of your staked STRK (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked STRK (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 STRK?
You can learn more about Starknet on their website and Developers Hub.