Withdrawal Key definition

Withdrawal Key means the cryptographic key created in connection with a Stake Contract, if applicable pursuant to staking protocol on the Supported Blockchain, that enables the withdrawal of Stake and Staking Rewards by the User. Control of the private key component of the Withdrawal Key entails the ability to control of the Stake. You should carefully guard and keep confidential the private key component of your Withdrawal Key. The public key component of the Withdrawal Key is publicly recorded on the Supported Blockchain.

Examples of Withdrawal Key in a sentence

  • We will not take possession of your Stake or the private key component of any Withdrawal Key created.

  • Some Supported Blockchains may require you to establish a Withdrawal Key corresponding to the Stake Contract.