Cronos (CRO)
Validators
| Name | Address |
|---|---|
Kiln |
Staking mechanics
Stake activation time | Instant |
Stake lock-up time | 28 days |
Re-delegating activation time | Instant |
Rewards frequency | First rewards: next block once stake is active (0-7 seconds). Rewards frequency: every block (7 seconds). Last rewards: last rewards earned before unstaking. |
Auto-compounding | Enabled on the Kiln validator through the AuthZ module. See guide. |
Active set | Yes (100 validators, list here) |
Slashing | Yes, delegators' staked tokens can be slashed. |
Relationship between validator stake balance and rewards | Linear. The more stake balance there is on the validator, the more rewards it will earn. |
Staking Workflow
How does staking works? | On Cosmos Chains such as Cronos, token holders choose a validator to delegate a select amount of tokens to. The delegator initiates a delegation transaction, which involves locking their tokens in a smart contract. These tokens are then counted towards the validator's total stake. |
What is the staking process? | After the delegation has been initiated, CROs are changed to validator shares of the validator you delegate to. |
Do funds move out to another wallet? | Staked CROs are not part of the balance anymore, but they don’t go to another address. |
Can I keep staking/unstaking from/to the same wallet? | Yes, you can increase the staked amount or unstake part of it at anytime. |
Can I select how much of my wallet balance I want to stake? | Yes, you select the amount of tokens you want to stake to earn rewards. |
How does auto-compounding work? | In the Cosmos Ecosystem, auto-compounding is possible through a module called Authz, that allows granting arbitrary privileges from one account (the granter) to another account (the grantee). Through Authz, delegators could grant Kiln's wallet to claim rewards and stake them back to the Kiln Validator. |
How do I unstake? | You can unstake by unbonding your funds. After you initiated the process: • You stop receiving staking rewards • It will take 28 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 |
Can I unstake part of the staked balance? | Yes, you can select the amount of tokens you want to unstake (this takes 28 days). |
How is my balance computed at epoch N for the rewards distribution? | The balance computed at block N for the rewards distribution is the balance at block N. |
What is the slashing risk on Cronos? | Downtime: During a block window (5,OOO blocks) if a validator signed less than 50% of the blocks, he will get jailed for 1 day but incur a reduction in its staked amount. No rewards can be earned during that jail time 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 5% and the validator won't ever be able to earn rewards again. Delegators will have to redelegate to another validator in order for their stake to earn rewards again. |
How is commission paid? | Commissions are paid to the validator at the same frequency than the reward distribution (every block). |
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