October 22, 2024

Kiln joins the peaqosystem

peaq

Community

In a nutshell: Kiln — the leading digital asset rewards management platform with more than $8.6 billion worth of stake under management — has joined peaq’s genesis node pool. Its involvement in the peaqosystem will enable the community to stake $PEAQ through various popular platforms and wallets. You will be able to take part in peaq’s Proof of Stake consensus while earning rewards for helping keep peaq running.

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A new node joins the pool

If you’ve followed peaq for long enough, you probably know that it’s built using some of the greenest tech in Web3 ever. Part of that is thanks to its reliance on the delegated proof of stake consensus model, where miners don’t need to gulp up energy to compete in compute — their staked tokens are the guarantee of their integrity. The community plays an integral role in this process, staking their tokens to set up nodes or to support another trusted node operator. This process is literally what keeps peaq secure and decentralized, which makes staking a crucial utility for the $PEAQ token.

Today, Kiln is joining the peaqosystem to make access to this crucial functionality a lot easier. Kiln is the leading digital asset rewards management platform with more than $8.6 billion worth of stake under management. It is unveiling its own peaq genesis node, joining the list of top enterprises and Web3 projects helping to keep peaq running from its launch and on. Thanks to Kiln, the community will be able to stake their $PEAQ tokens via popular exchanges and wallets like Fireblocks, crypto.com, and others. This will make $PEAQ staking a lot more accessible and convenient, enabling the community to earn rewards on their $PEAQ while putting their tokens to work to help secure the network.

At its genesis, peaq’s active node pool is limited at 32, based on the token stakes backing each node, including both the operator’s and their delegators’ tokens. The node pool is open to anyone to participate, with nodes run both by enterprises and community members, and the active pool may be gradually expanded as the network grows. Besides such enterprises as Lufthansa Innovation Hub and Telekom MMC, several DePINs and investment firms in the peaq ecosystem will also be hosting their respective nodes at genesis.

"The DePIN segment promises enterprises rewards rooted in sustainable growth driven by real-world supply and demand. It’s an interesting value proposition — and given peaq’s leadership in this space, getting involved in this early ecosystem was a no-brainer. We are excited to launch our peaq node and join its live genesis pool at launch."

— Ernest Oppetit, Co-founder and CPO at Kiln

“We’re thrilled to see Kiln unveil its genesis node as it makes staking $PEAQ a lot more accessible to the community. It’s an important step towards making peaq as open and user-friendly as it can be, and that, in turn, is a vital part of DePIN’s long-term success and growth.”

— Leonard Dorlöchter, co-founder of peaq

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