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Stake Threshold with Kiln, enterprise-grade staking
Threshold
What is Threshold?
The Threshold Network offers a suite of decentralized cryptography services aiming to enhance user privacy and sovereignty when interacting on a public blockchain.
Through TACo (Threshold Access Control), Threshold uses cryptography to protect data by distributing operations across a network of independent nodes. This service empowers users to dynamically manage access to sensitive data on public networks without revealing the underlying data to external parties or validators.
Threshold also offers tBTC, a decentralized bridge between Bitcoin and Ethereum. This solution stands out as a permissionless option, empowering users to bridge their bitcoins to Ethereum in a secure and trustless manner.
How is Threshold Proof-of-Stake implemented?
Threshold Network leverages staking for node operation and incentivizes users to contribute to the network's overall functionality. Users lock up their T tokens to participate in running a node on the Threshold Network.
Running a node helps to secure the network and provide cryptography services on Threshold. These services involve key management, encryption, or other privacy-preserving functionalities offered by Threshold.
Why should you stake your assets?
Staking offers a secure and reliable method to earn rewards from your digital assets. In the case of Threshold Network, these rewards come from the native currency inflation of the blockchain. However, with Threshold, the rewards aren't distributed in the native T token but rather in bitcoin (BTC). By staking Threshold native token (T) you now have the opportunity to earn bitcoin passively.
You can stake your T to:
- Earn T
- Put your treasury to work
- Optimize your balance of the leading cryptocurrency
- Bring new opportunities by enabling your users to earn staking rewards
A $100M T treasury earns up to $15M revenue per year with staking, unlocked in 1 click.
You can stake your T as well as other (d)PoS cryptocurrencies to:
- 1Put your treasury to work
- 2Diversify and earn
- 3Bring new opportunities by enabling your users to earn staking rewards
What are the rewards associated with staking T?
As an incentive for helping to safeguard the network, you can get rewarded with up to a 15% GRR* from each T you stake on Kiln.
(source: https://docs.threshold.network/staking-and-running-a-node/tbtc-stakers-faq)
Why should you stake your T with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake T, and to whitelabel T 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 T easy, secure, and accessible to everyone.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- Stake T in 1 click
- Manage all your T 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
T
GRR
15%
Number of live validators
249
Consensus
PoS
Threshold 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.
When will I receive T rewards?
Rewards are credited by the first few days of each month for the previous month.
Does interest compound when staking T?
For now, Threshold no has a built-in compound interest mechanism.
Is there a minimum amount to stake for T?
There is no minimal amount to delegate your T to a proven staker. The minimum stake to stake by your own and running a node is 40,000T.
Do I maintain custody of my T tokens? Is T staking non-custodial?
While you may maintain self-custody of your staked T (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked T (i.e. Fireblocks).
What are the risks associated with staking T?
Unfortunately, details regarding slashing mechanisms are not currently available in the Threshold documentation.
How do rewards and penalties work?
There is no slashing mechanism on Threshold currently.
What is the average block time on Threshold protocol?
The average block time on Threshold is 5 seconds.
What is a Gross Reward Rate (GRR) and how is it different from a Net Reward Rate (NRR)?
In the context of staking 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 Threshold?
You can learn more about Threshold on their official documentation.