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How do I stake KAVA?
Stake your KAVA with Atomic Wallet to earn interest on your deposit! In this article, we'll guide you through everything you need to know to stake your KAVA and earn rewards.
Contents
- KAVA 101: the things you need to know
- How to stake KAVA in your Atomic Wallet app
- KAVA staking rewards
- How to unstake your KAVA
Getting started with staking
Staking looks pretty straightforward—instead of just keeping your KAVA deposit on your balance, you're choosing to stake it and earn interest. Where does the interest come from, though?
By delegating your KAVA to a validator of your choice, you're expressing your trust in them, which makes them more influential on the blockchain. As validators get paid for confirming blockchain transactions, they in turn pay back to those who supported them. That's how you earn your rewards!
By staking your KAVA in Atomic Wallet, you're choosing us as your validator.
KAVA 101: the things you need to know before staking your coins
- You’ll have to pay a network fee every time you want to stake, claim some rewards, or unstake your KAVA. For more details about the network fees, see Does Atomic Wallet charge any additional transaction fees?
- Your KAVA deposit will be frozen throughout the staking period. Your KAVA will be delegated to a staking pool, which means that these coins won’t be counted toward your total balance. Also, you won’t be able to transfer or swap them.
- Unstaking takes 21 full days. Once you click or tap the Unstake button, your deposit will be frozen for 21 more days. After the unstaking period is over, your coins will be deposited to your address. Your KAVA won’t be earning any interest over the waiting period.
- Rewards need to be claimed manually. KAVA rewards are not claimed automatically, you need to claim them manually from time to time.
- A small amount of KAVA (three times the amount of the network fee) will be reserved on your address for future fees for claiming/unstaking transactions when you stake. That means that these funds are still on your address and are available to send away or swap, but are not available for staking. It is done in order to avoid a situation in which you accidentally stake all of your funds and are unable to unstake your coins or claim your rewards.
- There is a minimum reward claim amount, it's three times the amount of the KAVA network fee. That means that you won't be able to claim your rewards until this minimum amount of rewards has been generated. For example, if the current network fee is 0.0001 KAVA, you'll need to wait until you have at least 0.0003 KAVA.
How to stake KAVA in your Atomic Wallet app
- Click Staking on the left sidebar and select KAVA;
- Click Stake;
Note: You'll need to leave a tiny part of your KAVA unstaked on your address to be able to claim your rewards.
- Choose the amount to stake;
- Enter your password and click confirm;
- Success! Your KAVA deposit is now staked, so relax and wait for your first rewards to arrive. You can click the hash of your staking transaction to track it on the block explorer.
- Select theStaking tab in the bottom panel and tap KAVA;
- Tap the Stake button;
- Choose the amount to stake;
- Enter your password and click confirm;
- Voila, your KAVA deposit is now staked! Relax and wait for your first rewards to arrive.
Rewards
Note: the minimum reward claim amount is three times the amount of a network fee.
You'll need to claim your KAVA staking rewards manually. Since claiming is a regular transaction on the blockchain, the Cosmos blockchain will charge you a network fee for it every time. The fee will be taken from your available balance, not the staking deposit.
Click the Claim button to claim your rewards. The button will get highlighted once there are any rewards available.
How to unstake your KAVA
Note: Unstaking takes 21 days on the blockchain.
Go back to your staking interface and click 'Unstake'. 