Staking

The record of transactions for each blockchain network is stored on thousands of computers that participate in that specific network. Depending on the network, these participants are usually called miners, validators, or nodes. In Proof of Stake (PoS) systems, validators stake a specific minimum amount of the network's base asset to be trusted by other network participants and are rewarded for maintaining the network accurately.

On Fireblocks, you can stake to various networks from your Vault. When staking, you select a third-party staking provider to operate the validators associated with your staked funds. Typically, the staked amount is locked for a certain period of time.

Staked assets become eligible to receive rewards after the network's activation period. Staking rewards are calculated over a period of time usually known as an epoch. This is the period of time in which validators and their staked amount are accounted for. Depending on the network, an epoch may be anywhere from a few minutes to several days. Typically, staking rewards are calculated and distributed after each epoch ends.

When you unstake your assets, you no longer generate staking rewards, but you're able to use those assets for other transactions.

Learn more about staking on Fireblocks.

Liquid staking

With Fireblocks, you can participate in Ethereum liquid staking through our Lido integration. Liquid staking offers the flexibility to stake any amount (compared to the 32 ETH minimum for regular staking) while continuing your on-chain activities and accruing staking rewards.

When staking with Lido via Fireblocks, you receive stETH tokens representing the amount of ETH you initially staked. The rewards accrued by your staked funds are distributed using a rebasing mechanism to increase your stETH. When you want your original ETH back, you simply redeem your stETH.