Tezos is a blockchain platform that launched in 2018 and was one of the first self-amending Proof-of-Stake (PoS) networks to establish a node operator ecosystem. The blockchain sets itself apart through its advanced on-chain governance system and use of formal verification for smart contracts. Tezos utilizes a Delegated-Proof-of-Stake (DPoS) consensus mechanism, referred to as “baking,” with both validator nodes that create and validate blocks and delegator nodes that delegate their stake to a validator and earn rewards based on their stake. Staking XTZ allows users to actively participate in the governance process while earning rewards, incentivizing contributions to the security and functionality of the network.
You can effortlessly start to earn XTZ through staking rewards with Bloq infrastructure. Contact us to discuss how we can support your XTZ staking needs.
If a validator double signs (known as “double baking’”) and signs different blocks at the same level and same round) or double (pre)endorses and votes on two different proposals at the same level and round, a part of the frozen deposit (10% of a validator’s total baked XTZ) is slashed. The slashed amount for double baking is 640 XTZ. The slashed amount for double (pre)endorsing is ½ of the frozen deposit. There are no penalties for inactivity (downtime) for baking Tezos.
Bloq infrastructure is non-custodial and allows you to stake your XTZ while retaining control. At no point does Bloq hold your private keys nor will Bloq have access to withdraw the staked XTZ.
There is no minimum to delegate to a XTZ validator. To spin up your own validator (self-bake), you must stake a minimum of 6,000 XTZ. Contact us to spin up your own dedicated XTZ validator.
Staking XTZ has no lock-up or unbonding period. You are free to withdraw and trade your tokens at your discretion.
