We are pleased to announce our partnership with Yield App, a secure, community-driven platform empowering users worldwide to manage and grow their digital wealth.
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With this collaboration, Yield App users can now participate in staking and earn rewards on the largest Proof-of-Stake (PoS) blockchains, including Solana (SOL), Cosmos Hub (ATOM), Near (NEAR), Avalanche (AVAX) and Polygon (MATIC).
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Understanding the staking opportunity
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In PoS blockchains, staking consists of locking native tokens to earn the right to help secure the chain via a validator. Validators review transactions on the blockchain and bundle them together to propose new blocks. Through these activities, validators earn rewards for stakers who commit part of their assets.Β
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Staking is considered as the most natural way to get rewards in the crypto space as it derives value from the inflation of the blockchain's native asset, and transaction fees, where the protocol is the counterparty.
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By staking, token holders can earn rewards and grow their digital asset holdings. Staking plays a crucial role in network security, governance, and contributes to the growth of the Web3 ecosystem as a whole.
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Why Yield App chose Kiln as its staking provider:
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The team chose Kiln as their exclusive staking provider for its:
- Security: As a non-custodial solution, Kiln does not see your withdrawal keys. To prevent slashing, Kiln experts have also defined and implemented multiple layers of anti-slashing protection endorsed by the Ethereum Foundation. Kiln guarantees a base level of slashing coverage and additional coverage is available in partnership with Chainproof and Nexus Mutual. .
- Performance: Kiln operates at industry-leading performance levels on the blockchains it validates, resulting in a high reward rate while offering the best fees in the market.
- Integration Simplified: The integration with Fireblocks allows Yield App to effortlessly stake their assets while upholding security standards. They were further impressed by the responsiveness of our tech team, promptly addressing all their inquiries and requests.
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β We're thrilled to partner with Kiln, to offer native staking, seamlessly complementing our existing rewards lineup, including DeFi yield. Kiln's expertise and commitment to security ensure an exceptional user experience, while their solutions also alleviate resource development on our end..β β Tim Frost - CEO at Yield App
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Benefits for Yield App users:
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Thanks to this new product integration, Yield App users can now benefit from:Β
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- Rewards ranging from 3% to 10%* GRR (Gross Reward Rate) on Kilnβs validators.
- Ease-of-use: 1-click staking with a clear and simple interface for all supported protocols.
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"We are thrilled to bring the power of staking to Yield App users. By offering staking services, we enable Yield App users to earn revenue on their digital assets while also participating in blockchain security."Β β Laszlo Szabo - CEO and co-founder at Kiln
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About Yield App
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Yield App, a secure community-driven platform, empowers users worldwide to effortlessly build, manage, and grow their crypto portfolios. Earn market-leading interest on major crypto assets through Yield App Earn. Enjoy seamless fiat on-ramping and off-ramping, instant crypto-fiat swapping, and access to diverse yield enhancement options. As the platform's native token, YLD unlocks loyalty tiers with exclusive benefits and additional rewards. Yield App's mission is to empower you to take control of your crypto future.
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About Kiln
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βKiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $6b stake under management, Kiln has a particularly strong track record on Ethereum as we run about 4% of the network; this includes 40,000+ validators with 0 slashing events.Β
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β* Please note that rewards rates for staking are pre-determined and regulated by the rules of the relevant open-source blockchain protocol code. While the rewards rate is fixed, rewards are only guaranteed to validators that properly batch transactions into new blocks according to the protocol's rules and, in some cases, for verifying the work of other validators on the network. It is important to note that there are risks associated with staking, including the possibility of slashing penalties which may result in the loss of a portion of the staked assets. However, at Kiln, we offer slashing coverage to help mitigate the impact of this risk. It is important to thoroughly understand the risks and rewards associated with staking before participating in any staking activities.
