Aptos is a new layer-1 blockchain modular technology focused on scaling fast-growing ecosystems with thousands of applications without compromising on transaction throughput and fees.
Its unique smart-contract language called “Move” theoretically allow 160,000 transactions per second, making it the most scalable layer-1 blockchain.
Anyone can deploy an Aptos validator and participate to the consensus of the Aptos blockchain with the minimum APT tokens required.
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 APT) to give “validators” the right to secure a chain. Validators propose new blocks or attest other validators’ blocks, gaining rewards for doing so.
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, which makes it forecastable. You help secure the network and earn rewards by staking your APT.
If you do not stake, your assets token share will be diluted among other people’s tokens that are being staked and accumulating new tokens into the network.
You can deploy an Aptos validator with 1,000,000 (1 million) APT.
You can also delegate your APT to Kiln Aptos delegation pool: 0x63b0a7343c481fe176603e4e30cc5acc521c75d4310ce1b7b657c8168df66c66
Reach out to us, and we’ll help you to delegate your APT and manage your validator deployment with you.
Detailed information about Kiln validators can be found here.
As an incentive for helping to safeguard the network, you can earn up to 7% GRR* from each Aptos validator you stake on Kiln. The staking rewards will later decrease by 1.5% annually and then by 7% annually. (Source: https://protocolstaking.info/)
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake APT, and to whitelabel APT 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 coins from our dashboard, a hardware wallet, a browser wallet, a B2B custodian, a crypto exchange or just their favorite investment app. Kiln makes staking APT easy, secure, and accessible to everyone.
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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, the consensus algorithm used in Bitcoin.
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 incentivizes collaboration and minimizes malicious activity in the consensus process.
APT rewards are issued every block in the same APT address you are staking with.
APT rewards automatically compound.
Aptos has not implemented slashing yet.
You can start staking APT with 1,000,000 APT, and there is no maximum stake.
While you may maintain self-custody of your staked APT (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked APT (i.e. Fireblocks).
The lockup period for APT is 21 days.
For every slot, the validator is expected to sign attestations. If submitted attestations are good, the validator receives rewards, otherwise it receives penalties. In case the validator is offline it will also receive penalties.
The average block time on Aptos is 4 seconds.
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.