Revolut Scraps Fees on Tezos Delegation, Users Keep 100% of Rewards

CN
4 hours ago

Global fintech leader Revolut has announced a major update to its crypto features, eliminating all platform fees on tezos ( XTZ) delegation rewards. Effective Nov. 26, Revolut customers who hold XTZ will receive 100% of the onchain delegation rewards generated by the Tezos network.

The move comes just two days after the fintech company announced the completion of the share sale, a deal that valued the company at $75 billion. Coatue, Greenoaks, Dragoneer, and Fidelity Management and Research Company led the transaction, with participation from Andreessen Horowitz and Franklin Templeton, among other high-profile investors.

Read more: Revolut Completes Share Sale at $75 Billion Valuation

In a statement, Revolut characterized this change as highlighting a growing focus within the Tezos ecosystem on simplifying network participation following the recent Rio protocol upgrade, which reduced network cycles to just one day. The new zero-fee structure also means all Revolut tez holders will earn the full delegation rewards without any deductions or platform charges.

Revolut currently auto-delegates all XTZ balances, a model that allows users to earn rewards while maintaining full liquidity of their assets—a key benefit of Tezos’ delegation model. Emil Urmanshin, director of crypto and new bets at Revolut, emphasized the value proposition for customers:

“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.”

Vincent Poulain, manager of technical user relations at Nomadic Labs, praised Revolut’s commitment to the Tezos model:

“Revolut’s decision to pass 100% of delegation rewards to users demonstrates the compelling economics of Tezos; this creates an unbeatable user experience.”

While Revolut offers trading for over 280 cryptocurrencies, only 13 currently include native earn features. The inclusion of tezos in this select group, combined with the new zero-fee structure, positions XTZ as a standout earning option on the platform.

By handling all technical aspects of delegation automatically, Revolut ensures users experience all the advantages of delegating without needing to understand validators, delegation mechanics, or manage any complex settings. This flexibility and zero-fee approach offer an optimal balance of earning potential and accessibility.

  • What did Revolut announce? Revolut removed all platform fees on tezos ( XTZ) delegation rewards starting Nov. 26.
  • How does this benefit users? Customers now receive 100% of onchain tezos rewards with no deductions.
  • Why is this change significant? It follows Tezos’ Rio upgrade, making delegation faster and more accessible worldwide.
  • Which markets gain the most? Revolut’s global user base, including Europe, Africa, and Asia, can auto‑delegate XTZ with full liquidity.

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