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Stake ROCK with Kiln, enterprise-grade staking
Zenrock
What is Zenrock?
Zenrock is a decentralized protocol that uses Multi-Party Computation (MPC) to provide secure and cross-chain infrastructure for blockchain applications. Zenrock enhances custody of digital assets with tools like zrSign for seamless digital signatures, zrChain for decentralized asset management, and zenBTC, a secure wrapped Bitcoin solution managed by MPC nodes.
Zenrock is cross-chain and supports multiple blockchains, including EVM chains, Cosmos, Solana, and Bitcoin, enabling developers to build omnichain applications.
What is staking?
Proof-of-Stake is a consensus algorithm that relies on a stake rather than a proof of work. 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 ROCK) 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 ROCK .
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 ROCK 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 ROCK with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake ROCK, and to whitelabel ROCK 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 ROCK easy, secure, and accessible to everyone.
Kiln has been closely working with Zenrock to make sure we provide the best staking experience as possible.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
- 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
ROCK
Consensus
DPoS
GRR
Pending mainnet
Number of validators
Pending mainnet
Zenrock 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.
Do I maintain custody of my ROCK tokens? Is ROCK staking non-custodial?
While you may maintain self-custody of your staked ROCK (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked ROCK (i.e. Fireblocks).
How do rewards work on Zenrock?
Staking rewards on the Zenrock protocol are determined by two main components. The first is a fixed monthly reward, which is predetermined by the protocol itself. The second is a variable monthly reward, which fluctuates based on the level of activity within the network. The total staking reward is a combination of these two components, providing a balanced approach to rewarding participants for their contributions to the network.
What is the average block time on Zenrock?
The blocktime is ~2sec on Zenrock.
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 Zenrock?
You can learn more about Zenrock on their official documentation and on the Zenrock website.