Stake OKT 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, the consensus algorithm used in Bitcoin.

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.

Both are consensus algorithms, helping to democratize participation in securing a blockchain. DPoS is an iteration of PoS combining real-time voting with a system based on reputation to reach consensus across the blockchain. Voting power is still determined by how many tokens they have however.

OKT rewards are issued every block in the same OKC address you are staking with.

OKT rewards are not compounded. You have to claim rewards and add them to your stake to compound OKT tokens.

OKT implements a slashing mechanism. This includes 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 OKC’s Proof-of-Stake generates an invalid hash.

The main risk on the OKC blockchain as of today is downtime. To prevent this risk, you can outsource your blockchain services to a dedicated infrastructure provider such as Kiln, which has a 99.95% effective uptime. You can now focus on your business while our experts take care of the infrastructure.

You can start staking OKT with 0.0001 OKT and there is no maximum stake.

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

The unbonding period for OKT is 2 weeks. There is no delay to stake or switch from one validator to another.

For every slot, the validator is expected to sign attestations. If submitted attestations are good, the validator receives rewards, otherwise it receives penalties. In case the validator is offline it will also receive penalties.

The average block time on OKC is 4 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.

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We invite you to visit the OKC website.