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Stake Tron with Kiln, enterprise-grade staking
Tron
What is Tron?
Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.
Tron was founded in September 2017 by a Singapore-based non-profit organization called the Tron Foundation.
What is staking?
Proof-of-Stake protocols use staking to create consensus. By locking native tokens into a validator, you earn the right to secure a chain and earn rewards on your stake. Due to its environmental efficiency, staking has overtaken mining and is used far more often in newer protocols.
By locking a protocol’s native tokens (ie TRX) 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 generates one of the safest and most predictable ways to get rewarded in the crypto space. It is the most natural reward feature in crypto as the value originates from the blockchain native currency inflation and a share of transaction fees.
You can stake your TRX 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
What are the rewards associated with staking TRX?
As an incentive for helping to safeguard the network, you can get rewarded with up to a 6% GRR.
(source: https://protocolstaking.info/)
Why should you stake your TRX with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake TRX, and to whitelabel Tron 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 tokensfrom our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange or just their favorite investment app. Kiln makes staking Tron easy, secure, and accessible to everyone.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- Stake TRX in 1 click
- Manage all your TRX 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
TRX
GRR
3-6%
Number of live validators
8,300+
Consensus
DPoS
Stake Tron 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, 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 incentivises collaboration and fair practices while validating information in a similar way that PoW has with incentives and punishments to curtail malicious activity while creating consensus.
What is the difference between PoS and dPoS?
Both are consensus algorithms, helping to democratize one participation to securing a blockchain. Delegated PoS or dPoS means that one validator can stake tokens from several clients. These clients can indeed delegate their tokens to an existing validator instead of running their own.
What are the risks associated with staking TRX?
TRX staking are not exposed to slashing risks on Tron, however, a validator (Super Representative) can be voted out the active set if he misbehaves.
Staking with a validator out of the active set can result in the loss of staking rewards.
Is there a minimum and maximum amount to stake for Tron?
There is a minimum staking amount of 1 TRX.
Do I maintain custody of my TRX tokens? Is TRX staking non-custodial?
You can maintain custody of your TRX through any wallet or custodian solution of your choosing. Kiln’s TRX staking is non-custodial, only you can access your funds by controlling the underlying wallet which holds a claim to the funds.
What is the lockup period to stake Tron? When can I unstake and withdraw my TRX?
On Tron, there is a 14-day fixed duration after which tokens can be unstaking manually at any time and transferred back into your current account.
What is the average block time on Tron?
The average block time on Tron is currently 3 seconds.
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 Tron?
There are many existing resources but we invite you to visit the Tron website and to check our latest articles on our blog.