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Tezos (XTZ)

Bakers

Mainnet
Testnet
Name
Address
Kiln
Ledger Live by Kiln
Ledger Enterprise by Kiln

Staking mechanics

Stake activation time
20-23 days (end of current cycle and 7 others)
Stake lock-up time
Instant
Re-delegating activation time
20-23 days (end of current cycle and 7 others)
Rewards frequency
First rewards: 1 cycle after stake is active (20-23 days + ~2.83 days). Note: for many other validators (not Kiln's one), the first rewards would be received 6 cycles after stake is active (~37 days) because they froze rewards during 5 cycles. Rewards frequency: at the end of every cycle (~2.83 days). Last rewards: 7 cycles after the end of the unstaking cycles (20-23 days)
Auto-compounding
Yes
Self-bond
Yes, at least 10% of the whole stake amount must be the baker's self-stake.
Active set
None
Slashing
Yes, but delegators cannot be slashed. As a delegator, the only risk is not earning the potential rewards. In case of slashing, only the baker's self stake is slashed.
Relationship between validator stake balance and rewards
Linear. The more stake balance there is on the baker, the more rewards it will earn.

Staking workflow

What is the staking process?
The XTZ wallet is delegated to a baker and all the tokens contained inside this wallet are staked on the baker. The rewards go directly in the wallet.
Do funds move out to another wallet?
No, XTZs do not move anywhere, they never leave your wallet.
Can I keep staking/unstaking from/to the same wallet?
Yes, by transferring in and out tokens.
Can I select how much of my wallet balance I want to stake?
All the XTZs inside a delegated wallet are staked. All tokens in a delegated wallet are taken into account in the staked amount.
How do I unstake?
When stopping delegation to our baker, you will still receive staking rewards from the last 21 days. Your XTZ tokens will be transferable and can be re-delegated when the unstaking transaction is confirmed. Unstaking is not implemented in this dashboard, however you can unstake from your wallet:

From Ledger Live

In your Tezos Account in Ledger Live, click on the 3-dots menu on the right, then “End delegation”:
unstake tezos from ledger live

From Templewallet

You can only delegate to another baker from Templewallet. To do so, go to your Tezos subsection, then in the “Delegate” tab, click on “Re-Delegate”:
unstake tezos from temple wallet
Can I unstake part of the staked balance?
No, if you unstake it's the whole wallet. But you can transfer out of your wallet any amount of XTZ to unstake a part of it.
How is my balance computed at cycle N for the rewards distribution?
The balance computed at cycle N for the rewards distribution is the balance at the beginning of cycle N-7.
How is commission paid?
We use the TRD software to distribute Tezos baking rewards. Rewards are redistributed every on-chain cycle (~2.8 days) to the same XTZ address you are staking with, starting ~24 days after starting delegating.
How do I monitor my rewards?
You can monitor your rewards by going to the Tezos explorer page of your Delegating Account address or directly from your wallet.

FAQ

What are the SLAs?
The full SLAs can be found in the broader Kiln services terms & conditions available here, which you contractually engage on when you sign an order form for a Kiln service.

Rewards guarantee

  • Kiln guarantees 95% of the achievable staking rewards.

Loss of original stake

  • Kiln will fully cover losses to the original stake that are solely due to its infrastructure or operations. This is an extremely unlikely event in the case of Tezos as any slashing penalties are applied to the baker's "self-staked" funds.

Performance

The performance of Kiln's bakers can be seen on the TzStats explorer:
Snapshot of the Kiln private baker TzStats page
In particular the sidebar shows the lifetime performance: