Stake Fetch.ai 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.

Staking rewards are distributed every block to users' staking balances.

Yes, interest compounds when staking Fetch.ai Credits. Enabled on the Kiln validator through the AuthZ module. See guide.

You can start staking FET from any amount.

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

There is an unbonding period of 21 days.You can unstake by unbonding your funds. After you initiated the process:

• You stop receiving staking rewards
• It will take 21 days for the amount to be liquid
• But you will be able to cancel the unbonding process anytime, as this chain currently supports the function

The primary risk associated with FET involves slashing, which can occur under two main circumstances:

1. Downtime: If a validator signs less than 5% of the blocks during a block window (10,000 blocks), they will be jailed for 10 minutes and face a 0.01% slashing penalty. No rewards can be earned during this period of incarceration.
2. Double signing: When a validator attests to two different blocks, it will face slashing. Stakers who have delegated to the slashed validator will incur a slashing penalty of 10%, and the validator will be permanently disqualified from earning rewards.

Delegators will need to redelegate their stake to another validator to resume earning rewards.

Fetch.ai's average block time is 5.90 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.

You can learn more about Fetch.ai on their website and docs.