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Stake RUNE with Kiln, enterprise-grade staking
Thorchain
What is Thorchain?
Thorchain is a decentralized liquidity protocol that enables users to seamlessly swap digital assets across different blockchains without the need for centralized intermediaries or wrapped tokens.
Unlike traditional blockchain protocols that often require bridges or synthetic assets to facilitate cross-chain transactions, Thorchain allows direct native asset swaps between blockchain networks like Bitcoin, Ethereum, and others. This is made possible by its unique use of liquidity pools and continuous liquidity models, supported by its native token, RUNE, which helps to secure the network and balance liquidity.
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 RUNE) to give “validators” the right to secure a chain. Validators propose new blocks or attest other validators’ blocks, gaining rewards for doing so.
Thorchain enables native asset swaps by connecting liquidity pools across multiple blockchains using its native token, RUNE, as the bridge. When a user wants to swap one asset for another, Thorchain routes the swap through RUNE to facilitate it, without needing wrapped tokens or centralized intermediaries. This decentralized model allows for secure, trustless swaps of assets between blockchains, making it easy for users to exchange native tokens directly.
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 RUNE.
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 RUNE 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 RUNE with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake RUNE, and to whitelabel RUNE 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 RUNE easy, secure, and accessible to everyone.
- Excellent track record in staking on 40+ protocols, managing more than $10b 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
RUNE
Consensus
DPoS
GRR
10% to 12%
Number of validators
125
Thorchain 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 RUNE rewards?
RUNE staking rewards are earned continuously and can be claimed at any time.
Does interest compound when staking RUNE?
No, rewards do not compound on RUNE.
What are the risks associated with staking RUNE?
Thorchain validators can be slashed when engaging in malicious activity or when sending unauthorized transactions or not signing transactions.
Is there a minimum and maximum amount to stake for RUNE?
Yes, large amounts of RUNE are required to stake, reach out to learn more.
Do I maintain custody of my RUNE tokens? Is RUNE staking non-custodial?
While you may maintain self-custody of your staked RUNE (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked RUNE (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.