Evmos

Stake Evmos with Kiln, enterprise-grade staking

What is Evmos?

Evmos is a Cosmos-based blockchain that is fully compatible and interoperable with Ethereum. Evmos allows developers to run vanilla Ethereum applications while benefiting from the Cosmos ecosystem through IBC.

What is staking?

In a Proof-of-Stake blockchain such as Evmos, staking consists of locking native tokens to earn the right to secure a chain, and earn a yield while doing so.

With EVMOS staking, users lock EVMOS to fund a validator, which helps secure the chain by proposing new blocks and attesting other validators’ blocks, earning a yield in the process.

How to stake Evmos with Kiln?

To stake EVMOS in a few clicks, just follow these next steps. It should take you less than 5 minutes to complete your first transaction:

  1. Login to Kiln dashboard
  2. Go to the /stake/EVMOS page of the dashboard
  3. Select the Account you want to stake on
  4. Choose the amount of EVMOS you want to stake 
  5. Connect your wallet (for instance Ledger, Metamask, Trust Wallet, etc) Kiln supports multiple wallets as well as WalletConnect
  6. Click on the “Stake” button!

As easy as pie! Kiln takes care of everything. To unstake, you simply need to undelegate into one transaction and you will receive your original stake back in your wallet as well as accumulated rewards from delegation.

Why should you stake your assets?

Staking generates the safest and most predictable yields in the crypto space. It is the most natural yield feature in crypto as the value originates from the blockchain’s native currency inflation, which is forecastable.

You can stake your EVMOS as well as other (d)PoS cryptocurrencies to:
  • Put your treasury to work
  • Diversify and earn, while contributing to blockchains decentralization
  • Bring new opportunities to generate safe yields to your users
You stake
$100M
You get
$121.67M
/
every year
Protocol Card
Token
Evmos
APR
121.67%
Number of live validators
150
Consensus
DPoS

What are the rewards associated with staking EVMOS?

As an incentive for helping to safeguard the network, you can earn up to 121.67% APR* from your delegation on Kiln’s Evmos validator.

Why should you stake your EVMOS with Kiln?

Kiln is the leading enterprise-grade staking platform enabling institutional customers to stake EVMOS, and to white-label EVMOS’s 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:

  • Stake EVMOS in 1 click
  • Manage all their EVMOS stakes and rewards from a single dashboard 
  • Keep custody of your assets, Kiln is non-custodial and work with existing custodians solutions e.g.Fireblocks
  • SOC 2 certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)

Stake Evmos 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, 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 incentivises collaboration and fair practices while validating information in a similar way that PoW has with incentives and punishments to curtail malicious activity while creating consensus.

What is the role of Evmos validators?

Evmos validators verify and add new transactions to the network through the blocks they produce, or attest other validators’ blocks. Validators get rewarded with EVMOS tokens for securing the network and passing transactions.

How much can you earn by staking EVMOS? When will I receive EVMOS rewards?

EVMOS staking APR is currently 121.67% at the time of writing this article. EVMOS APR may be subject to change in the future. Rewards can be claimed through the ‘Claim’ button in the Rewards tab of your dashboard.

Does Evmos network have transaction and gas fees?

Yes Evmos has both transactions and gas fees. For most transactions, fees are less than $0.002.

What are the risks associated with staking EVMOS?

Evmos implements a slashing mechanism. This includes downtime for validators and their delegators and for nodes that attempt to vote on two separate attestations at the same time. Slashed validators will add bonded tokens to the staking pool.

Slashing also occurs if Evmos' Proof-of-Stake generates an invalid hash.

Find more about how Kiln maintains a strong monitoring process and mitigate downtime and slashing.

Is there a minimum and maximum amount of EVMOS to stake for Evmos?

You can stake Evmos’s EVMOS token with as little as 1 EVMOS.

Do I maintain custody of my EVMOS tokens? Is EVMOS staking non-custodial?

When you delegate your EVMOS token from your wallet (ideally a Ledger hardware wallet) to a validator such as Kiln to receive staking rewards, you keep full custody of your funds.

What is the lockup period to stake Evmos? When can I unstake and withdraw my EVMOS?

The lockup period for Evmos is 14 days. Rewards are accrued once a day.

What is the average block time on Evmos?

The average block time on Evmos is 2,5 sec, meaning a new block is produced every 2,5 seconds.

What is an Annual Percentage Rate (APR) and how is it different from Annual Percentage Yield (APY)?

APR, or annual percentage rate, is the fixed interest rate earned on an investment over a one-year period. It is the percentage of return investors can expect to receive on their investment. On the other hand, APY or annual percentage yield, takes into account the compounding of interest on a fixed schedule. It includes both the interest earned and the interest on previously earned interest.

When it comes to PoS protocols, compounding does not always apply as additional validators can be needed to stake more. Therefore, APR is used instead of APY. It's worth noting that APY and APR cannot be compared directly, as they measure different things. However, it is possible to convert APR to APY and vice versa.

Where can I learn more about Evmos?

There are many existing resources, but we invite you to visit Evmos's website.

Ernest Oppetit, CPO
January 9, 2023
This may change over time and fees might apply.