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 leader Revolut, which has more than 65 million customers worldwide, 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 seamlessly in the background, with rewards accruing directly to user balances. This flexibility, combined with Revolut's zero-fee approach, offers an optimal balance of earning potential and accessibility.
Expert and Company Commentary
"Revolut's decision to pass 100% of delegation rewards to users demonstrates the compelling economics of Tezos; this creates an unbeatable user experience."
Vincent Poulain, Manager of Technical User Relations at Nomadic Labs
"We know our customers want their crypto to work harder for them, and that's exactly what we're delivering with tez. It's the kind of simple, transparent earning experience our users deserve."
Emil Urmanshin, Director - Crypto & New Bets at Revolut
Revolut's approach to tez delegation exemplifies how both the platform and the Tezos ecosystem are focused on simplifying experiences for users. As Revolut handles all technical aspects of delegation automatically, users experience all the advantages of delegating without needing to understand validators, delegation mechanics, or manage any settings.
About Tezos
Tezos is an open-source and energy-efficient blockchain designed to empower institutions, developers, and businesses and facilitate value transfer in a digital environment. It is designed for the scalable deployment of decentralized applications. As one of the first Proof of Stake blockchains, Tezos is globally supported and valued for its strong governance, long-term upgradability, and smart contract capabilities. For more information about Tezos, visit http://www.tezos.com.
About Revolut
Revolut is a global fintech, helping people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 65 million customers around the world use dozens of Revolut’s innovative products to make more than a billion transactions a month.
Across our personal and business accounts, we give customers more control over their finances and connect people seamlessly across the world. www.revolut.com
Important Notes
A small validator fee of up to 3% of gross staking rewards is deducted on-chain by a third party validator. This is taken before staking rewards reach Revolut.
Disclaimer
- •EEA: Cryptocurrencies are highly volatile and are not covered by investor compensation schemes. Some cryptocurrencies are unregulated. Profits may be subject to tax. Learn more about cryptocurrency risks at https://www.revolut.com/en-CY/legal/crypto-risk-summary/