Kava’s Liquid Staking Event

May 31 2022

Online

Kava Liquid Staking Launch,Kava Liquid Staking Launc, Kava Liquid Staking Event

The process of liquid staking refers to the act of delegating tokens to a service that stakes on the trader’s behalf without losing access to funds. This means traders can access the funds even when they’re staking them. Contrary to Proof-of-stake staking, the funds remain in escrow but aren’t locked or inaccessible. The demand for liquid staking has been growing in the past few years as it offers the best of both worlds – access to staked funds as well as a passive income. Various cryptocurrency projects have started offering liquid staking, including Kava Network.

Introducing Kava Network

Staking Kava is a cross-chain, decentralized finance platform which offers stablecoins and collateralized loans to holders of major cryptocurrencies such as ATOM, BNB, XRP and BTC. It allows users to collateralize their crypto assets in exchange for its stablecoin called USDX. Apart from this, the platform also has governance and staking token called KAVA, which is responsible for securing the network and giving voting rights to users. KAVA is built on the Cosmos SDK and uses the standard staking module.

Staking at Kava Network

Kava Staking Network has 100 validator slots which can be easily adjusted since they are now a governance parameter. The platform aims to onboard participants and converts them to long-term network participants, both in terms of governance and staking. Nodes will also be able to participate in Kava’s oracle process as a task. The Kava network team expects that all the parameters such as liveness and security will mirror that of Cosmos Hub. This includes a 21-day un-bonding period, a 5% bond slash for double-signing a block and other parameters.
When staking KAVA, the holder maintains custody of the token at all times. The tokens stay in their wallet and users can change their delegation at any time. Any type of token transfer, including rewards, is processed within the Kava protocol. The 21-day un-bonding period can be used to transfer tokens after staking. However, the KAVA may be illiquid and subject to slashing.

Now that we have discovered about the staking token KAVA, have you also wondered why staking at KAVA is so High ?

The Advantages of Liquid Staking

Liquid staking provides users with a way to experience the advantages of self-staking without experiencing the complexities and associated risks. This makes it a viable alternative to self staking as well as exchange staking. It manages to balance risk, reward and convenience. This allows users to trade staked tokens without any firm requirements that prevent staking on the Ethereum network.

Normally, many liquid staking services are helpful for ETH holders. Users can easily stake any amount of the token as they wish, with the ability to unstake at any time. In other words, liquid staking allows traders to stake without the requirement of possessing a complex staking infrastructure.

To learn more about Kava’s Network’s liquid staking launch, visit here

About Kava Network

The Kava Network is a fast and secure lay-1 blockchain that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer support of the EVM(Ethereum virtual machine) by using a unique co-chain architecture.

Date
May 31 2022
Expired!
Time
8:00 am - 6:00 pm
Organizer
Kava
Organizer details
Location
Online
Category
Date
May 31 2022
Expired!
Time
8:00 am - 6:00 pm
Organizer
Kava