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How To Stake KAVA
There are two options for earning passive income for holders of the token KAVA. The first is to run a Validator Node. The second delegation of tokens to a Validator Node. For the average user, the best option is token delegation. Alternative - Running a Validator Node requires professional skills and special knowledge.
When delegating KAVA, the tokens are at risk of slashing. If the Validator misses blocks or tries to corrupt the network, the delegator holdings might get slashed. Therefore it is very crucial to choose a professional and reliable Staking Provider.
The individual Kava rewards depends on the Block Rewards, Block Time, Daily Network Rewards and Total Staked.
Even though the proposed inflation is 7%, the actual inflation will depend on the average Block Time and actual Block Reward.
Every block one validator is randomly selected to create a block, whereas 1 staked or delegated token counts as one “lottery ticket”. The selected validator has the right to create a new block and broadcast them to the network. The Validator then receives the block reward and the fees of all transactions successfully included in this block.
Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets (BTC XRP BNB ATOM etc.). It is supported by over 100+ business entities around the world including prominent crypto funds and major crypto projects like Ripple and Cosmos. The platform features two tokens:KAVA a governance and staking token responsible for securing the network and voting on key parameters; and USDX an algorithmically maintained stablecoin backed by crypto asset collateral.