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.
In a Proof-of-Stake blockchain, staking consists of locking native tokens to earn the right to secure a chain and to be rewarded 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.
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.
Detailed information about Kiln validators can be found here.
Staking generates one of the safest and most predictable ways to get rewarded in the crypto space. It is the most natural reward feature in crypto as the value originates from the blockchain native currency inflation and a share of transaction fees.
As an incentive for helping to safeguard the network, you can earn up to 34.14% GRR* from your delegation on Kiln’s Evmos validator. (Source: https://protocolstaking.info/)
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:
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.
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.
EVMOS staking GRR is currently 34.14% at the time of writing this article. EVMOS GRR may be subject to change in the future. Rewards can be claimed through the ‘Claim’ button in the Rewards tab of your dashboard subject to the 14 days lockup period required by the protocol. (Source: https://www.stakingrewards.com/)
Yes Evmos has both transactions and gas fees. For most transactions, fees are less than $0.002.
Evmos implements a slashing mechanism. This occurs in case of 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.
You can stake Evmos’s EVMOS token with as little as 1 EVMOS.
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.
The lockup period for Evmos is 14 days. Rewards are accrued once a day.
The average block time on Evmos is 2,5 sec, meaning a new block is produced every 2,5 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.