Stake Fantom with Kiln, enterprise-grade staking

What is Fantom?

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol. This protocol is powered by Lachesis, an advanced DAG-based aBFT consensus algorithm. Blockchains built on Fantom are fast, secure, and highly scalable. These features allow organizations, businesses, and individuals to develop decentralized applications that can be used in the real world, across a wide range of industries.

How is Fantom Delegated Proof-of-Stake implemented?

Anyone can delegate some FTM tokens to a validator that participates to the consensus of the Harmony. The more stake assigned to the validator, the more often it is chosen to write new transactions, and therefore the more it earns rewards.

What is staking?

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

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

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 native currency inflation, which is forecastable. 

You can stake your FTM as well as other PoS cryptocurrencies to:

  • Put your treasury to work
  • Diversify and earn
  • Bring new opportunities to generate safe yields to your users

Example: A $100M FTM treasury yields $647k revenue per month with staking, unlocked in 1 click

You can stake your FTM 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
You get
every year
Protocol Card
Number of live validators

How to stake Fantom with Kiln?

To stake FTM in a few clicks, just follow the 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/FTM page of the dashboard
  3. Select the Account you want to stake on
  4. Choose the amount of FTM you want to stake 
  5. Connect your wallet (either fWallet, Metamaskweb, Trust Wallet or Exodus) 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, after 14 days you will receive your original stake back in your wallet as well as accumulated rewards from delegation.

What are the rewards associated with staking FTM?

As an incentive for helping to safeguard the network, you can earn up to 6.47% APR* from each validator you stake on Kiln.

Why should you stake your FTM with Kiln?

Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake FTM, and to white-label Solana 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 FTM in 1 click
  • Manage all your FTM stakes and rewards from a single dashboard 
  • Non-custodial, work with your existing custodians solutions e.g.Fireblocks
  • SOC 2 certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)
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Stake Fantom 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

What is aBFT (asynchronous Byzantine Fault Tolerant) consensus?

aBFT consensus stands for “asynchronous Byzantine Fault Tolerant” consensus. When a network is said to be “Byzantine Fault Tolerant”, it means that nodes can still reach an agreement on an ordering of events even if part of the network acts maliciously.

Ethereum and Bitcoin are synchronous blockchains for instance, meaning that transactions are appended into blocks, one at a time. They follow the longest-chain rule in which the chain with the most number of blocks determines the final ordering of events.

What is Fantom Opera?

Opera is the Fantom’s environment to build decentralized applications.

What is the role of Fantom validator?

Fantom Validators help the network to be decentralized and secure by locking FTM. Fantom uses a Proof-of-Stake system that requires validators to hold FTM. Anyone with at least 1,000,000 FTM can run their own validator node to earn epoch rewards and transaction fees. Every FTM holder has the option to delegate their tokens to a validator (while keeping full custody of their funds) to receive staking rewards.Validators then take a small fee for their services.

How much do you earn staking FTM? When will I receive FTM rewards?

Fantom staking APR is currently 6.47% at the time of writing this article. Fantom APR may be subject to change in the future. Rewards can be claimed through the ‘Claim’ button in the Rewards tab of your dashboard.

Q: Can I choose which wallet to receive my rewards on and can I split them between multiple wallets?

Yes, when staking Fantom you can decide which wallet to receive your rewards. You can even split your rewards into multiple wallet addresses. Kiln is WalletConnect-compatible.

Does Fantom network have transactions and gas fees?

Yes Fantom has both transactions and gas fees. For most transactions, fees are less than $0.01, even during high-traffic periods. You can check their detailed article about fees here.

What are the risks associated with staking FTM?

The main risk is slashing. An Fantom validator can be slashed if:

  1. It signs two attestations with a different head
  2. It surrounds another attestation with its attestation
  3. It submits two attestations with the same target

To prevent any risk, Kiln works with the “Better down than slashed” motto and applies the best industry standards to its Fantom infrastructure.

Kiln also partnered with Nexus Mutual and offers a coverage policy to protect against middle slashing events. Nexus Mutual is the trusted partner for tier-1 institutional funds, family offices and custodians that seek protection across the crypto industry. 

Apart from the risk of slashing, there can also be a downtime risk that means that a node is not signing transactions. However to prevent it, Kiln maintains a strong monitoring process.

Is there a minimum and maximum amount to stake for Fantom?

You can stake Fantom’s FTM token with as little as 1 FTM.

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

When you delegate your FTM token to a validator such as Kiln to receive staking rewards, you keep full custody of your funds.

What is the lockup period to stake Fantom? When can I unstake and withdraw my FTM?

There is no lockup period on Fantom, you can stake-as-you-go or lock-up your FTM for up to 12 months. It takes 7 days to unstake your FTM. During that time you will not receive rewards. Once the 7 days pass, you can withdraw the tokens from your wallet.

How do penalties work?

You can unlock your delegation before the lockup period ends. However, you’ll pay a penalty for doing so. Since your rewards are always unlocked and withdrawable, the penalty will come off your staked amount. If you unlock earlier, regardless of how much of the lock-up period is left, you’ll only receive half of the base rewards; the additional rewards will be burned.

In any case, you will never end up with fewer tokens than you delegated.

What is the average block time on Fantom?

The average block time on Fantom is now 0.7 sec, meaning a new block is produced every 0.7 second.

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 Fantom?

There are many existing resources but we invite you to visit the Fantom foundation's website.

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