Revolut announces zero-fee Tezos delegation rewards for all customers

Cryptonews
XTZ0,08%

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Revolut now passes 100% of Tezos delegation rewards directly to users, removing all platform fees and simplifying XTZ earning on the app.

Revolut customers who hold tez (XTZ) will receive 100% of on-chain delegation rewards from today, following an update to the platform’s auto-delegation feature that eliminates all platform fees on yield generation. The change made by the global fintech company Revolut comes as the Tezos ecosystem continues to simplify network participation following the recent Rio protocol upgrade, which reduced network cycles to just one day.

The zero-fee structure means that all tez holders on Revolut will automatically earn the full delegation rewards generated by the Tezos network, with no deductions or platform charges. Revolut currently auto-delegates all tez balances, allowing users to earn rewards while maintaining full liquidity of their assets, a key advantage of Tezos’ delegation model.

While Revolut offers trading for over 280 cryptocurrencies, only 13 offer native earn features. The inclusion of tez in this group, coupled with the zero-fee structure, positions XTZ as a standout option. The auto-delegation feature operates in the background, with rewards accruing directly to user balances.

Revolut’s approach to tez delegation reflects ongoing efforts by both the platform and the Tezos ecosystem to make participation more straightforward. With Revolut managing the technical steps automatically, users can benefit from delegation without needing to learn validator processes, delegation mechanics, or adjust any settings.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments