Mina

Mina

MINA
Market cap$927,187,885.00
Price$0.834
Est. APR13.54%Fee 5.00%

What is Mina?

Mina Protocol is often referred to as the lightest blockchain in the world. Mina is unique because it follows a design infrastructure that will always be 22kb, unlike many other blockchains where storage requirements keep growing.

Because Mina is small, anyone can connect peer-to-peer, quickly sync and verify the chain. Based on a consistent-sized cryptographic proof, the blockchain will remain accessible even as it grows.

Mina Proof-of-Stake (PoS) consensus is built on Ouroboros and called Ouroboros Samisika. This PoS consensus requires far less computational power than Proof-of-Work (PoW). Ouroboros Samisika relies on VRF (Verifiable Random Function) for improved security and resolves long-range forks without compromising the network’s decentralization.

MINA is the native cryptocurrency of the Mina Protocol used to execute network transactions as well as for staking.

What is MINA staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as MINA) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens and receive five additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as MINA does not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for Mina (MINA) staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

Stakin is an excellent choice for staking your Mina (MINA) tokens, as we have a strong expertise and track record of reliable operations on this network. Stakin has been active in the Mina Network since the Coda Testnet Beta phases in January 2020. We’ve automated payouts every active epoch (15 days on average) with automated compounding. Stakin has also been elected as a Genesis Founding Member for a positive testnet track record.

There are several advantages when staking your Mina (MINA) tokens with Stakin, such as:

  • Triple AAA-rated institutional staking provider by Staking Rewards

  • ISO 27001 certified staking provider

  • Tracking dashboard, to easily track and generate reports for the performance of your staked assets

  • Automated payouts and compounding. On Mina, operators are responsible for paying staking rewards every epoch (15 days on average). We have automated this process to ensure smooth compounding of staking rewards.

  • Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

  • Dedicated support for all your staking, unstaking, and network-related questions

  • Institutional grade SLAs with uptime and slashing guarantees

What kind of institutional services does Stakin offer for Mina (MINA) Staking?

As an institutional-grade MINA node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services.

  • Institutional grade SLAs with 99.5%+ uptime guarantees for both validator and oracle operations, and slashing guarantees

  • Dedicated Account Manager to answer all your technical and commercial questions

  • Custom integrations and solutions such as custom performance reporting via API or CSV with the possibility to match your backend requirements

  • Whitelabel and dedicated nodes with dedicated infrastructure which can be deployed in your preferred region to fit decentralization or compliance needs

  • Automated commission and reward management with clear reporting

  • 24/7 monitoring and alerting with a private dashboard for dedicated and Whitelabel nodes

  • Free premium access to Stakin Dashboard, which includes staking data visualization across any validator, and premium historical data features (on selected networks)

Looking to stake more than 200,000 MINA?

Get in touch with us to learn more about our offerings.

Have more questions?

Contact us through:

For institutional investors, Stakin has partnered with leading custodian providers.

We can help you navigate your questions concerning staking, security, and risk management.

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