Stake CRO with Kiln, enterprise-grade staking

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.

Validators are rewarded every block (~5 seconds) on Cronos.

Yes, you can enable compounding on rewards on CRO by connecting your Cosmos Wallet to Restake.app, click the toggle to enable autocompounding and grant Kiln the ability to do that for you for a given period of time. Then sign the transaction.

There is no minimum stake amount.

While you may maintain self-custody of your staked CRO (ideally using a Ledger hardware wallet), you may also choose a third-party custodian to control the withdrawal of your staked CRO (i.e. Fireblocks).

Stakers must stake for a minimum of 28 days before being able to withdraw staked tokens.

There is a risk of penalty on Cronos protocol. If a validator remains offline for 2,500 blocks within the latest 5,000 blocks, it will face penalties. 

Staked tokens are not subject to deduction as a penalty; instead, the validator will face removal for a 24-hour period and can rejoin only after this time.

Users can stake their CRO with validators and, in return, receive staking rewards. Validators can choose to set a commission fee as compensation for their crucial role.

There is a risk of penalty. The validator, deemed offline, will be removed from the active validator set and can rejoin only after a 24-hour period.There is also a risk of slashing. Validators endorsing two different blocks will undergo slashing consequences. Stakers associated with the slashed validator will experience a 5% reduction in their stake.

The average block time is 5 seconds on Cronos.

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.

You can learn more about Cronos on their official documentation and on the Mintscan CRONOS dashboard.