Staking is a process that allows you to get rewards while supporting the Kaia network’s security. In this guide, we’ll cover the importance of staking KAIA, introduce you to Kaia Square, and provide a step-by-step walkthrough for staking your tokens via this platform.
You’ll learn how to connect your wallet, choose your delegation amount, and start getting rewards. Additionally, we’ll explain how to unstake your tokens, ensuring a complete understanding of the process.
What is Kaia Square?
Kaia Square is a user-friendly staking platform designed to simplify the staking process. It offers a straightforward interface, secure transactions, and integration with popular wallets, making it easy to delegate KAIA tokens. This platform also provides transparency, enabling users to track their delegated assets, switch validators, and perform unstaking when needed.
Why Stake KAIA?
Staking Kaia offers several benefits that extend beyond just getting rewards. Here are the main reasons to stake Kaia:
- Passive Rewards: Staking allows you to get rewards in the form of additional KAIA tokens, providing a stream of passive rewards based on your staked amount.
- Support Network Security: Staking keeps the stability and security of the Kaia blockchain. Validators rely on delegated tokens to validate transactions and maintain network integrity.
- Decentralization: By staking with validators, you help distribute network control, increasing decentralization and ensuring a more resilient ecosystem.
- Community Growth: Staking fosters a more engaged and participatory community. As a delegator, you become an active participant in the governance and development of the Kaia network.
Ultimately, staking is an opportunity to support the ecosystem while benefiting from network rewards and playing a significant role in its development.
Your Guide to Staking Kaia via Kaia Square
Here are just six easy steps that you need to follow.
Step 1: Go to the “Governance Council” page on Kaia Square.
Step 2: Scroll down and click Delegate next to “Jump Crypto – Everstake.”
Step 3: Connect your wallet by selecting a compatible option.
Step 4: Enter the amount of KAIA you want to stake. You can click Max to stake all available tokens, leaving 1 KAIA (KLAY) for fees.
Step 5: Check the box to agree to the Caution and Disclaimer and click Delegate.
Step 6: Confirm the transaction in your wallet to complete the delegation process.
How to Unstake Kaia?
To unstake your tokens, just follow these few steps.
Step 1: Go to Kaia Square.
Step 2: Click Undelegate next to the validator from whom you wish to unstake.
Choose the amount to unstake, agree to the notice, and proceed. Note: There is a 7-day unstaking period.
Step 3: Well done! Monitor the status of your unstakes on the same page.
Last words
Staking Kaia through Kaia Square is an easy process that helps you to get passive rewards and contributes to the network’s security. By following these steps, you’ve learned how to connect your wallet, delegate your KAIA tokens, and unstake them if needed. Kaia Square offers you a perfect platform to enjoy your staking journey, so dive in!
Start staking with Everstake!
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