How to stake KAVA (Kava Network)
A step-by step guide to staking on KAVA (Kava Network)
Last updated
Was this helpful?
A step-by step guide to staking on KAVA (Kava Network)
Last updated
Was this helpful?
CATEGORY
DETAILS
Chorus One Validator Address
kavavaloper15urq2dtp9qce4fyc85m6upwm9xul3049dcs7da
Wallet
Keplr
Block Explorer
Staking Rewards
Unstaking Period
21 Days
Kava Network is a decentralized finance (DeFi) platform that combines the best of Ethereum and Cosmos into a single, scalable, developer-friendly network.
It provides a robust, multi-chain architecture that enables developers to build powerful applications with the interoperability, scalability, and speed of Cosmos, along with the developer support and versatility of Ethereum.
Key Features of Kava Network:
Interoperability: Kava Network is built on Cosmos SDK, which allows it to interoperate with other blockchains within the Cosmos ecosystem through the Inter-Blockchain Communication (IBC) protocol.
Scalability: The network leverages the Tendermint consensus mechanism, known for its high throughput and low latency, ensuring the network can handle a large number of transactions per second.
Security: Kava utilizes a robust validator network to secure the blockchain, which is essential for maintaining trust and integrity in DeFi applications.
DeFi Capabilities: The network supports a range of DeFi applications, including lending, borrowing, and earning yield through various protocols built on the Kava platform.
Users of the Kava CDP system earn KAVA tokens and can delegate them to validators like Chorus One, which maintains and govern the protocol with the goal to create a stable platform for cross-chain decentralized finance.
Please note that the unstake period is 21 days.
This means that you can only unstake and withdraw coins to your wallet after this time has passed.
In case you don't have the Keplr extension installed in your browser visit https://www.keplr.app/ and click on Install extension.
Click on Install Keplr for Chrome if you are using a Chrome browser or Brave if you are using the Brave browser and follow the installation instructions.
Click on the extension in the Chrome/Brave toolbar and the following page will open up.
In case you do not have an existing Keplr account you can click 'Create a new wallet'.
If you already have a wallet to use, you can select 'Import an existing wallet' or you can connect with a compatible hardware wallet, such as Ledger. Alternatively, Keplr now offers the ability to associate your wallet with your Google account, however, please note that this is a less secure way of establishing your wallet.
If you choose to create a new wallet you will be shown 12 words as your mnemonic seed.
You can select the 24 words option for a more secure mnemonic.
Back it up securely (read the warning below)
Please be sure to back up your mnemonic seed securely. Never share this seed phrase with anyone, as they will have access to your funds.
Lost mnemonic seed can't be recovered.
Anyone with your mnemonic seed can take your assets.
Enter an account name and a passphrase to unlock your wallet. You will be asked for the mnemonic again.
Enter the 12 or 24 words in order and case sensitive (all lower case).
This is to make sure you remember the mnemonic.
After verifying your 12 or 24 word phrase, you will be prompted to select any other Cosmos Hub networks you'd like to add to your wallet.
In this case, we will be adding KAVA, so please be sure to select that from the list or use the search bar to find it.
No need to add any other networks if you don't plan on using them yet. You can always select more networks later.
However, it is advisable to have 'Cosmos Hub' selected when creating your new wallet.
Once you selected the relevant networks, click 'Save' and you'll be all set to go.
Regardless of whether you already have an account or if you just created it, you may now click on the extension to view your address or visit https://wallet.keplr.app/?tab=overview to see your full Keplr dashboard.
If you don't already have KAVA in your account, you can fund your wallet with some tokens.
You may use an exchange to transfer the KAVA tokens to your address or get it from someone who already holds them.
If you want to stake from the browser extension wallet, you can either navigate to the Keplr dashboard (shown below) or scroll down on the wallet screen and select KAVA.
From there, you will be prompted to stake.
Once you are on the Keplr dashboard, to stake click on the 'Stake' tab in the left hand side of the dashboard.
Once there, you will see three steps highlighted in the pink box in the screenshot below.
Select Chain
Select Validator
Stake
Scroll or through the list or search for the chain you want (in this case KAVA).
Then, you can once again either search or scroll through the list to find Chorus One.
Once you've clicked on the Chorus One validator, select how much KAVA you wish to stake, then click the 'Stake' button at the bottom of the screen.
Clicking on Stake will take you to Keplr wallet for approval. Approve the transaction and you will be able to see your stake.
Once your transaction is approved you will be able to see your KAVA being staked.
Congratulations you have successfully staked your KAVA!
Please note that there is a 21-day unbonding process (also known as unstaking) for KAVA tokens during which the staked KAVA does not earn rewards and cannot be transferred, exchanged, or spent.
After some time you will see rewards getting accumulated in your account.
Here's an example of how this might look:
You can simply go to the Keplr extension to claim them by selecting Claim and approving the transaction.
And there you go! You've successfully claimed your rewards after approving and submitting the transaction to the network!
If you are an institutional investor looking to stake Kava Network (KAVA) with Chorus One, please reach out to us via our staking request form.
