Ownest believes in Polygon since a long time and started validating on testnet in 2019 after meeting the team at Devcon V (Osaka, Japan). Since then Ownest has been providing a validator node and is dedicating to Polygon only.
We keep a policies of 0% fees for direct staking on our node since 2020, we believe a commission isn’t necessary to run our node.
*In the future, the basic commission might rise on the node - for our partner Kiln - but every staker with Ownest Staking will receive the difference every month, to keep the fee at 0%.
No account required
Staking on Polygon only require an account on Ethereum and some Matic tokens to start. Why would we ask to register with your email? With Ownest Staking, you can access your dashboard and follow your stakes with your address only.
By partnering with Kiln, a staking provider for institutions who recently raised 17M€, we aim to provide the most reliable infrastructure with an uptime near 100% all the time. Never fear to lose staking rewards again!
By staking with Ownest x Kiln, or any Polygon validators, you help securing the Polygon network. It is an essential task which aim to add checkpoints to the Ethereum blockchain, while rewarding Delegators with a 4.8% APR.
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Frequently Asked Questions.
What is validating?
Validating is a mechanism essential to Proof-of-Stake blockchains. It enables the chain to grow and the transactions to be processed. Selected validators ensure the security of the Polygon network because they restrict who can create new blocks, while still ensuring every transactions being submitted to the network are respecting the consensus.
The honesty of the validators is ensured through various mechanisms known as slashing. Indeed if a validator would attempt fraudulent actions, the funds of this validator could suffer losses.
What is stake? What is delegate?
Staking is the action to lock tokens for a certain amount of time in order to earn rewards proportional on these funds. It contributes to diversify the protocol governance and security.
Delegating is staking but directly bounded to some active participants of the network. In Polygon network the delegators need to choose a validator in order to stake their funds. A validator is still the owner of his tokens, it means he can decide to unstake them at any time, or to vote accordingly to his tokens.
Why should you delegate to Ownest Staking?
Ownest has been involved in the cryptocurrency space since 2017, and has been following and promoting Polygon network since their beginnings. We are proud to be amongst the 100 chosen delegators, and we were always committed into bringing the best performance on our validator node.
There is no fee applied on our validator because we think the delegators should receive the fair share of their contribution to the network security.
In order to achieve even more trustable infrastructures, we have partnered with Kiln, a professional staking firm. This will also allow to bring more funds into the validator, thus generating more rewards for the delegators in the long term.
Why don't we charge commissions?
Ownest wants to participate in the rise of Polygon network, because we share their visions regarding public blockchains accessibility. There are no needs for us to charge commissions because we already receive a share of the MATIC used for gas in the transactions, that can cover the infrastructure cost.
Moreover, we want to reward the delegators through other airdrops in order to create a sustainable community, with committed validators. We think this will help driving up the adoption of Polygon networks.
This might also contribute to development and adoption of cryptocurrencies in France and Europe.