FAQ

Table of contents
FAQ

What is Blox?

Blox is an open-source, non-custodial Eth2 staking platform. We provide a convenient and secure way to stake ETH and maximize rewards, while ensuring you retain complete control over your private keys.

Why stake with Blox?

Our staking platform maximizes staking returns while minimizing staking risks. We developed a truly non-custodial solution that simplifies Eth2 staking, while ensuring that you alone own your private keys.

How do I stake with Blox?

Start by downloading our Desktop app, here. In order to set up a validator using the app, you will need a cloud account, crypto wallet and 32ETH. The entire process is easy and seamless, just use the in-app walkthrough and start staking in no time.

How much ETH do I need to start staking with Blox?

32ETH is the current minimum staking amount. In the future, we will introduce non-custodial staking pools and a lower minimum deposit.

How does Blox protect my ETH? 

The fundamental principle behind Blox is that you alone retain control over your ETH and private keys, and that no vulnerabilities exist that would allow a third party to gain access to them. Notably, seed generation is completed locally and your validator key is segregated and protected in a remote signer that is solely accessible by you. We also guarantee optimal connectivity to the blockchain, and include slashing protection to avoid penalties and maximize your ETH returns. Learn more, here.

How does Blox protect against slashing?

Your personalized KeyVault remote signer includes a slashing protection mechanism. Attestation history is stored in Keyvault and each incoming signing request is examined and verified before signing.

Does Blox guarantee attestation rates? 

We aim to keep our attestation success rate at 99.9%.

Does Blox have a native Token?

Yes, our native token is CDT. Learn more, here.

Will there be a token model implemented in Blox?

Yes, every time a new staker sends their ETH to the deposit smart contract, the yearly fee will automatically be used to purchase CDT tokens in the open market and burn them. The model will be implemented as soon as Eth2 Phase 0 is launched.

What will CDT be used for?

CDT usage will be rolled out in 2 phases; CDT will be burnt against staker’s annual fee payment. For every $1 collected in fees, 1$CDT will be automatically purchased in the market and burnt. In the future, CDT 2 will serve as a native token in Blox’s decentralized staking pools. Block producers will secure the network and enforce a governance layer while being incentivized with CDT 2 rewards for performing their assigned duties.

Is Blox Staking related to Blox.io (Finance)?

Yes, Blox.io has created, and is operating 2 different products; Blox Finance and Blox Staking.