Stake Oasis with Kiln, enterprise-grade staking
What is Oasis?
Oasis is a layer-1 blockchain designed to offer a scalable environment with embedded privacy at the core of its protocol. Its multi-layered architecture comprises a consensus layer and a ParaTime layer where anyone can develop and build their own Paratimes, which run and can process transactions in parallel, to meet the need of a specific application or use-case.
What is staking?
In a Proof-of-Stake blockchain such as Injective, staking consists of locking native tokens to earn the right to secure a chain, and to be rewarded while doing so.
With Oasis staking, users lock ROSE to fund a validator, which helps secure the chain by proposing new blocks and attesting other validators’ blocks, gaining a reward in the process.
How to stake Oasis with Kiln?
To stake ROSE in a few clicks, just follow these next steps. It should take you less than 5 minutes to complete your first transaction:
- Login to the Oasis wallet
- Connect your wallet, if possible, a hardware device like a Ledger Nano
- Go to the stake tab
- Find “Kiln”, confirm address "oasis1qqtmpsavs44vz8868p008uwjulfq03pcjswslutz"
- Choose the amount of ROSE you want to stake, and click on Delegate
- Confirm the transaction
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 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.
- Put your treasury to work
- Diversify and earn, while contributing to blockchains decentralization
- Bring new opportunities by enabling your users to earn staking rewards
What are the rewards associated with staking ROSE?
As an incentive for helping to safeguard the network, you can earn up to 4.04% GRR* from your delegation on Kiln’s Oasis validator. (Source: https://protocolstaking.info/)
Why should you stake your ROSE with Kiln?
Kiln is the leading enterprise-grade staking platform enabling institutional customers to stake ROSE, and to white-label ROSE’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 ROSE in 1 click
- Manage all their ROSE 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 Type II certified and Industry leading SLAs (0 penalties recorded and 99.95% effective uptime)
Stake Oasis 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 Oasis validators?
Oasis validators verify and add new transactions to the network through the blocks they produce, or attest other validators’ blocks. Validators get rewarded with ROSE tokens for securing the network and passing transactions.
How much can you earn by staking ROSE? When will I receive ROSE rewards?
ROSE staking APR is currently 4.04% at the time of writing this article. ROSE 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 Oasis network have transaction and gas fees?
Yes Oasis has both transactions and gas fees. For most transactions, fees are less than $0.01 (paid with ROSE), even during high-traffic periods.
What are the risks associated with staking ROSE?
The risks associated with staking ROSE comes from double signing. Double signing on the Oasis protocol comes with a slashing penalty, as well as downtime. When delegating with Kiln these issues are taken care of from our end so you don’t have to worry.
Is there a minimum and maximum amount of ROSE to stake for Oasis?
You can stake Oasis’s ROSE token with as little as 100 ROSE.
What is the Kiln ROSE delegation address?
Do I maintain custody of my ROSE tokens? Is ROSE staking non-custodial?
When you delegate your ROSE 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 Oasis? When can I unstake and withdraw my ROSE?
There is a 14 days lockup period on Oasis. After unstaking ROSE, your tokens become transferable after 14 days.
What is the average block time on Oasis?
The average block time on Oasis is 5 sec, meaning a new block is produced every 5 seconds.
What is a Gross Reward Rate (GRR) and how is it different from a Net Reward Rate (NRR)?
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.