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Stake CHZ with Kiln, enterprise-grade staking
Chiliz
What is Chiliz?
Chiliz is a leading blockchain-based platform focused on fan engagement and monetization in sports and entertainment. At its core, Chiliz provides a decentralized ecosystem that empowers sports teams, entertainment brands, and their fans through blockchain technology. By leveraging the Chiliz blockchain infrastructure, organizations can issue branded Fan Tokens, enabling fans to participate in team decisions, earn rewards, and unlock unique experiences.
The platform is powered by $CHZ, its native cryptocurrency, which facilitates transactions and interactions within the ecosystem. With a robust and user-friendly approach, Chiliz has established partnerships with numerous global sports organizations, including major football clubs, esports teams, and leagues, fostering deeper connections between fans and their favorite teams.
What is staking?
Proof-of-Stake is a consensus CHZ 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 CHZ) 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 CHZ .
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 CHZ 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
How to stake CHZ with Chiliz and Kiln?
Reach out to us to stake CHZ with Kiln when staking is available.
Why should you stake your CHZ with Kiln?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake CHZ, and to whitelabel CHZ 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 CHZ easy, secure, and accessible to everyone.
Kiln has been closely working with Chiliz 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:
Consensus
DPoS
Token
CHZ
GRR
28% to 35%
Number of validators
12
Chiliz 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 CHZ tokens? Is CHZ staking non-custodial?
While you may maintain self-custody of your staked CHZ (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked CHZ (i.e. Fireblocks).
What are the risks when staking CHZ?
There is no slashing when staking CHZ.
How do staking rewards work on Chiliz?
Staking rewards on Chiliz are designed to incentivize participation and engagement within its ecosystem, offering rewards in $CHZ or Fan Tokens for locking tokens or participating in ecosystem activities. Unlike traditional Proof-of-Stake (PoS) networks, where rewards are tied to blockchain validation, Chiliz's staking rewards are more engagement-driven, focusing on enhancing user interaction and loyalty.
What is the average block time on Chiliz?
The block time is ~3 sec on Chiliz.
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 Chiliz?
You can learn more about Chiliz on the Chiliz website.