Non Custodial Staking
What is crypto staking ?
What is non custodial staking ?
“Non-custodial” staking refers to a staking setup where the user maintains control of their private keys, meaning they have full control over their funds, and no other entity has access to it. This is in contrast to “custodial” staking, where the user would deposit their funds into a staking pool managed by a third party, such as an exchange or a staking service provider. In custodial staking, the user loses control over the private keys, meaning they don’t have the full control of their funds, and the staking is managed by the third party.
Non-custodial staking setups are generally considered to be more secure and private than custodial staking setups, as they allow users to maintain full control over their funds and take full responsibility for securing them.
What kind of staking do we offer ?
How to stake with NBTC
Choose your Blockchain
NBTC offers non-custodial staking services on multiple blockchains, please choose the blockchain you want to use and follow instructions.
Avalanche is a Proof-of-Stake blockchain platform for launching decentralized applications. Its highly scalable ecosystem is a perfect match for enterprise blockchain use cases.
Avalanche provides near-instant transaction finality, security guarantees, and high throughput. The network can process up to 4,500 transactions per second.
The platform consists of three primary built-in blockchains: X-Chain (Exchange Chain), P-Chain (Platform Chain), and C-Chain (Contract Chain). All these chains compose Primary Network secured by Avalanche validators.
To become a validator on Primary Network, you must stake at least 2000 AVAX.
Avalanche also supports so-called Subnets, which are sovereign networks secured by sets of validators. The latter can choose Subnets to work with but must always secure Primary Network. See more in our overview.
C-Chain (Contract Chain) is for EVM-compatible smart contracts and dapps. Most DeFi applications on Avalanche operate on this chain. You can use Metamask to interact with it.
X-Chain (Exchange Chain) is for sending and receiving assets but is not EMV-compatible. Thus, you can’t deploy dapps or use Metamask. To interact with this chain, you need to use Avalanche Web Wallet.
P-Chain (Platform Chain) is for staking AVAX and validating. If you delegate AVAX to a validator, you receive rewards over P-Chain.
AVAX is a native token of Avalanche. It’s used for staking, transaction fees, and payments between Subnets.
It is ~9%
Yes, the minimum staking amount is 25 AVAX.
Yes, the maximum staking period for validating and staking is one year.
Yes, the minimum staking period is two weeks for validating and staking.
Staking rewards are sent to your wallet at the end of the pre-defined staking period. This period and the address for rewards are set before delegating AVAX to a validator.
- staking period
- the number of tokens
- the wallet address for rewards
- the ID of a validator you chose to delegate
No, you cannot change these parameters after you confirm the transaction.
You can keep track of the network’s stats using one of the Avalanche blockchain explorers:
Celestia is the First Modular Blockchain Network. It is a pluggable consensus and data availability layer that enables anyone to deploy a decentralized blockchain quickly without the overhead of bootstrapping a new consensus network.
Celestia is a sort of cloud computing for Web 3.
In Web 2, cloud services, such as Amazon Web Services, enabled users to launch websites on virtual machines that share physical machines (physical servers). Celestia enables users to launch decentralized applications on app-specific chains that share a consensus layer.
From a technical perspective, Celestia is a stripped-down layer 1 that only does the core things a layer 1 needs to do: it orders transactions and makes data for them available, but in a scalable way. Celestia only orders and publishes any arbitrary data that developers and users throw at it, and does not perform any computation on the data.
As there’s no on-chain smart contract environment in Celestia, all execution happens off-chain, using technologies such as an optimistic rollup. Whereas other layer 1 blockchains follow the “world computer” paradigm, where the chain provides both consensus and execution, Celestia’s goal is to make the blockchain stack more modular by decoupling consensus and execution. Developers can therefore define their own execution layers.
Celestia is a modular blockchain network tackling the blockchain scalability trilemma through its new blockchain architecture that separates the consensus mechanism from the execution layer. Celestia approaches the scalability problem with a completely new blockchain design. Instead of bundling everything together on the blockchain, Celestia offers a modular architecture where the blockchain’s Consensus and Data Availability Layers are separated from its Execution Layer.
The advantage of decoupling the Consensus Layer from the Execution Layer is that instead of having every node execute all transactions on the blockchain, nodes are now free to execute transactions that are specific to their application(s) of choice.
Celestia is currently functioning on a testnet. The mainnet implementation is expected to take place Q1 2023.
There is no Celestia token yet, but it is planned to be implemented. The token will be used to secure the network via Proof of Stake and to pay transaction fees on the network.
It is possible to test the staking process on the testnet. Testnet tokens can be received from the faucet on Discord to test the network features. These tokens can also be delegated to and undelegated from validators.