Stake NEAR 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 incentivizes collaboration and minimizes malicious activity in the consensus process.

Rewards are distributed per epoch, which is around 12 hours per epoch. NEAR validators receive 90% worth all yearly rewards, which account for 5% of the total supply annualized.

There is no slashing risk at the moment when staking NEAR but it is planned to be implemented in this protocol at a future time.

To gain a seat and stake NEAR as an operator will be worth the amount of the 100th validator. For those delegating their stake to a validator there is no minimum required to join in the consensus process.

Regardless of whether you stake NEAR yourself, or delegate your coins to a NEAR validator, it requires you to plan the custody of your a

When unstaking NEAR, you will have to wait until four epochs have passed. This is equivalent to around 48 hours, depending on what point in the current period you choose to unstake.

Staking NEAR offers rewards based on the percentage of your stake within a validator pool. Every year, NEAR rewards account for 5% of the total supply of NEAR available. Stakers are allocated 90% of this reward, while 10% goes into the NEAR treasury.Unlike other PoS based systems, NEAR does not include slashing (although this may change in future) therefore there are no outstanding penalties on the NEAR protocol at this time.

The average block time on NEAR is ~1 sec.

To participate in building consensus there is a fee of 35 NEAR that validators need to pay for gas and storage fees. Delegating your NEAR to validators also requires users to pay a fee for the rewards made on processed blocks. Users also need to keep in mind that unstaking takes 4 epochs to be received back in their wallet which equates to around 48 hours.

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.

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There are many existing resources but we invite you to visit the NEAR foundation's website and to check our latest articles on our blog.

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