The Kava chain is the first decentralized bank in the Cosmos ecosystem that enables lending and borrowing operations across Decentralized Finance (DeFi) applications.
Because KAVA runs on a Proof-of-Stake (PoS) blockchain users that hold KAVA can also stake their tokens by validating themselves or by bonding their tokens to a third party validator like P2P. By staking users are also securing and helping validate the network which in turn generates rewards.
Users that chose to stake with P2P maintain full custody of their KAVA at all times and P2P will never have access to them. Staking rewards are accrued in real time and distributed every few seconds.
The current APR for staking KAVA is 32.62% with a fee of 10%. Assuming 1000 KAVA is delegated to P2P.
Reward: 1000*32.62% = 326.2 KAVA
Fee = 326.2*10% = 32.62 KAVA
Estimated balance after 1 year = 1000+326.2-32.62 = 1293.58 KAVA
By simply delegating my 1000 KAVA as I hold it, I will have supported the network and earned an additional 293.58 KAVA after 1 year. Please keep in mind that the APR specified is approximate and changes along with network conditions.
For more information on staking KAVA with P2P Validator, visit p2p.org/kava.
For additional staking support, visit the P2P KAVA support center.
You may also be interested in reading:
You can also get in contact with our community on telegram or with a live agent by selecting the speech bubble on the bottom right of this page.