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Kava is a layer-1 blockchain combining the speed and interoperability of Cosmos-based blockchains and a developer-friendly environment being EVM compatible.
More than 125 dApps already run on Kava, such as DeFi, reaching $625M of assets on Kava.
In a Proof-of-Stake blockchain such as Kava, staking consists of locking native tokens to earn the right to secure a chain, and earn a staking rewards while doing so.
With Kava staking, users lock KAVA to fund a validator, which helps secure the chain by proposing new blocks and attesting other validators’ blocks, earning a staking rewards in the process.
Staking is one of the safest and most predictable ways to get rewarded in the crypto space as the value originates from the blockchain’s native currency inflation, which makes it forecastable. You help secure the network and earn rewards by staking your KAVA.
If you do not stake, your assets token share will be diluted among other people’s tokens that are being staked and accumulating new tokens into the network.
You can stake your KAVA, as well as other PoS cryptocurrencies, to:
As an incentive for helping to safeguard the network, you can earn up to 16.69% GRR* from your delegation on Kiln’s Kava validator.
(source: https://protocolstaking.info/)
Kiln is the leading enterprise-grade staking platform enabling institutional customers to stake KAVA, and to white-label KAVA’s staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, data and commission management.
We are serving thousands of businesses worldwide so that everyone can securely and seamlessly:
Proof-of-Stake (PoS) is a type of consensus mechanism used to validate cryptocurrency transactions. Through PoS, validators can contribute to the block production of a chain while keeping environmental concerns to a minimum, an increasingly large issue in Proof-of-Work.
By staking capital rather than energy, validators risk losing a portion of their value and future potential for staking by misbehaving while creating blocks. This incentivises collaboration and fair practices while validating information in a similar way that PoW has with incentives and punishments to curtail malicious activity while creating consensus.
Kava validators verify and add new transactions to the network through the blocks they produce, or attest other validators’ blocks. Validators get rewarded with KAVA tokens for securing the network and passing transactions.
KAVA staking GRR is currently 16.69% at the time of writing this article. KAVA APR may be subject to change in the future. Rewards can be claimed through the ‘Claim’ button in the Rewards tab of your dashboard.
Yes Kava has both transactions and gas fees. For most transactions, fees are less than $0.0001 (paid with KAVA), even during high-traffic periods.
The risks associated with staking KAVA come from double signing and downtime. Double spending on the Kava protocol comes with a slashing penalty, as well as downtime. When delegating with Kiln these issues are taken care of from our end so you don’t have to worry.
You can stake Kava’s KAVA token with as little as 1 KAVA.
Kiln’s Kava validator address is “kavavaloper1djqecw6nn5tydxq0shan7srv8j65clsf79myt8”, make sure to delegate your Kava to this address to stake with Kiln. Never send tokens to this address.
When you delegate your KAVA token from your wallet (ideally a Ledger hardware wallet) to a validator such as Kiln to receive staking rewards, you keep full custody of your funds.
There is a 21 days period lockup on Kava. After unstaking KAVA, your tokens become transferable after 21 days.
The average block time on Kava is 6 sec, meaning a new block is produced every 6 seconds.
In the context of Proof-of-Stake blockchains, the gross reward rate (GRR) refers to the total or gross amount of rewards earned from staking before deducting any fees or expenses. This is a reward rate that fluctuates with the operations of the protocol and the performance of validators, it is not set by Kiln. The net reward rate (NRR), on the other hand, takes into account the deductions or expenses, providing a measure of the actual rewards received after subtracting fees or costs.
There are many existing resources but we invite you to visit Kava's website.