Imagine earning a return on your investments without a middleman taking a slice of the pie. In the world of traditional finance, that’s a rare sight. But in the evolving landscape of digital assets, the rules are being rewritten. Global financial app Revolut just made a bold move that puts this idea front and center for its millions of users. They’ve completely eliminated fees on Tezos (XTZ) staking rewards.
That’s right, zero fees. From now on, every bit of the reward generated from delegating your Tezos on Revolut goes directly into your pocket. This isn’t just a minor tweak to their fee structure. It is a significant shift that makes earning passive income on crypto simpler, more transparent, and more profitable for everyone from the seasoned investor to the curious newcomer. For anyone holding Tezos on the platform, this is fantastic news. For everyone else, it’s a clear signal of where user-friendly crypto services are headed.
To appreciate why this is such a noteworthy announcement, it helps to understand how crypto staking usually works on large platforms. Staking is a way to earn rewards by helping to secure a cryptocurrency network. Many exchanges and apps offer this as a service, making it easy for users to participate without dealing with the technical complexities.
In return for this convenience, these platforms typically charge a service fee. This fee is usually a percentage of the staking rewards you earn. It could be anywhere from 5% to 25% or even more, depending on the platform and the specific digital asset. While it might not sound like a lot, this commission slowly eats into your potential returns over time.
Revolut is turning that model on its head for Tezos. By removing their fee entirely, they are passing 100% of the network rewards to their customers. This decision aligns perfectly with their stated mission to demystify the world of cryptocurrency and make it more accessible. As Emil Urmanshin, Revolut’s Crypto General Manager, pointed out, the goal is to empower users to put their crypto to work. Offering the full rewards without any deductions is a powerful way to do just that.
If you’re new to Tezos or the concept of staking, you might be wondering how this all works. Let's break it down in simple terms.
Tezos is a blockchain network, similar to Ethereum, that supports smart contracts and decentralized applications. One of its standout features is its on-chain governance and self-amending protocol. This means the network can upgrade itself over time without needing to split or “fork” into a new version, a common issue for other blockchains. The native cryptocurrency of the Tezos network is XTZ.
Tezos uses a consensus mechanism called Proof of Stake, or PoS. In a PoS system, network participants can lock up, or “stake,” their coins to help validate transactions and create new blocks. In return for their contribution to the network’s security and operation, they receive rewards in the form of more coins.
On the Tezos network, this process is often called “baking.” To become a baker, you need to run a dedicated computer node and hold a significant amount of XTZ. For most people, that’s a high technical and financial barrier. This is where delegation comes in.
Delegation allows you to assign the validation rights of your XTZ to a baker without ever giving up custody of your funds. Think of it like lending your voting power to a representative. You still own your assets, and they remain securely in your wallet. The baker simply uses the collective weight of your delegated coins to participate in the network, and they share the rewards with you. Revolut acts as a large-scale delegator on behalf of its users, simplifying the entire process down to a few taps in the app.
Revolut’s move to offer zero fee Tezos staking isn’t just about one cryptocurrency. It’s part of a much larger strategy. With a user base of over 40 million people worldwide, Revolut is positioning itself as a comprehensive financial super app where users can manage everything from daily spending to long term investments, including crypto.
To win in this competitive space, user experience is everything. Complicated fee structures and industry jargon are major barriers for newcomers. By making staking as simple as earning interest in a savings account and as transparent as possible, Revolut is lowering that barrier. This initiative could attract a wave of new users to both its platform and the Tezos ecosystem.
This user first approach builds trust and loyalty. When customers feel like a platform is on their side and not just trying to maximize its own profits, they are more likely to engage with its services. Offering full staking rewards is a tangible demonstration of that commitment.
This decision could have ripple effects across the industry. When a major player like Revolut offers a popular service for free, it puts pressure on competitors to reevaluate their own offerings. We may see other exchanges and platforms reduce their staking fees on Tezos or other assets to remain competitive. Ultimately, this kind of competition benefits the end user.
For the Tezos network, this is a massive win. Having a platform with Revolut’s reach actively promoting its staking mechanism can lead to a huge increase in the amount of XTZ being staked. More staked XTZ means a more secure and decentralized network, which enhances its fundamental value. It also brings a great deal of visibility to the project, introducing Tezos to millions of potential new holders and users.
If you're a Revolut customer, taking advantage of this new feature is straightforward. The process is designed to be intuitive. You simply need to navigate to the crypto section of the app, find Tezos (XTZ), and look for the staking option. The app will guide you through the simple steps to start delegating your coins and earning rewards.
The beauty of the system is its simplicity. There are no complex wallets to set up and no need to research different bakers. Revolut handles all the technical details behind the scenes. You can just watch your rewards accumulate, knowing that you’re receiving the full amount generated by the network.
Revolut’s announcement is more than just a press release. It’s a practical step toward making crypto investing more rewarding and understandable for the average person. By removing fees on Tezos staking, the company has created a win-win situation. Users earn more passive income, the Tezos network becomes more robust, and Revolut solidifies its reputation as a user friendly gateway to the world of digital assets. It’s a small change in terms, but a giant leap in principle.
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