There are no other extraneous requirements to staking aside from holding KNC
No.
Simply deposit the amount of KNC you wish to stake into the KyberStaking smart contract.
2 weeks, or 1209600 seconds.
There is no minimum lockup period when your KNC is currently being staked. You can withdraw them at any time. However, withdrawing your staked KNC might affect your voting power and rewards claimable for the current and subsequent epochs.
To be eligible for 100% of your share of the rewards, you need to participate in every DAO vote (or delegate your voting power to someone else) and have your KNC staked for the entire epoch.
Rewards are distributed in Ether, as that is the currency fees are collected in. There are plans for these rewards to be in stablecoins as well, after the Katalyst upgrade.
Stakers can claim their rewards of previous epochs whenever they want.
Every epoch (2 weeks), assuming you have voted in the previous epochs. If you delegate your vote to someone else, it is up to them to decide how often they want to distribute rewards.
No. Consider delegating your vote to a pool operator who will vote on your behalf so that you will!
You will have to deposit your KNC tokens from your crypto wallet into the KyberStaking contract.
It is up to 3rd party staking services to decide if they will offer the service. Ask them to! =)
No. You will always be able to withdraw the full capital deposited.
No. All you have to do is deposit KNC tokens into the KyberStaking contract.
Yes, vote submission is done on-chain. As such, you have to pay for the cost of making that on-chain tx.
Yes. Stakers can delegate their KNC voting power to a pool operator (representative) who will vote on their behalf. Stakers who delegate their stake are also known as pool members and can only delegate their stake to one pool.
Staking KNC on our interface is through a non-custodial method with KNC residing in the smart contract. At no point in time does the Kyber team hold stakers’ KNC ETH rewards. In addition, at launch, the KyberDAO interface would have gone through multiple rounds of security audits.
However, staking funds will still carry its own set of risks, just like any other decentralized application. Be wary of scammers, phishing attempts, and fake websites. Users should always make sure that they visit https://kyber.org/ if they want to stake and vote on their own.
No, pool members have sole control of their own stakes. However, staking rewards of your pool are distributed to you, the pool operator.
The reward amount given to the pool operator is calculated based on the sum of his stake, and all stakes that were delegated to him.
Yes.
Kindly take a look at this section on calculating staker rewards.
As a rule of thumb, all actions performed only take effect in the next epoch. A pool member may perform re-delegation as often as he likes in the current epoch, but the changes will only kick in, in the next epoch. The pool member's stake remains delegated to their current designated pool operator in the current epoch.
Since stake re-delegation only takes effect in the next epoch, the pool member’s stake is still delegated to you for the current epoch. It is your responsibility to distribute rewards earned for the current epoch to him.
7. What if I delegate my stake to someone else? Does stakes delegated to me pass on to my pool operator?
There is no forwarding of stakes. Only your own stake gets delegated to your pool operator. You are still responsible for stakes delegated to you.
Your voting power and reward distribution for the current epoch remains unchanged. The pool member’s delegated stake reduction takes effect from the next epoch onwards.
Your voting power and rewards for pool members (including the pool member who initiated the withdrawal) for the current epoch will be recomputed, even if you have voted prior to a pool member’s withdrawal.
You may refer to the various deposit & withdrawals section to see how the pool member's stake is affected.
You will have to listen for the Delegated event emitted. Kyber will also provide an API for the list of pool members.
Kindly refer to this section on calculating staker rewards.
- Staking information can be found here
- Campaign details and voting information can be found here
- Claiming staker rewards can be found here
No, you have sole control of your staked funds. However, your staking rewards are distributed to your pool operator.
The onus is on the pool operator to distribute the rewards to his pool members.
Stakers can delegate their stakes to 1 pool operator only.
If the delegated stake is still waiting to take effect, stake re-delegation is immediate. However, if it is currently being staked by a pool then stake re-delegation only takes effect in the next epoch. Your stake remains delegated to your current pool operator in the current epoch.
No. When you delegate, it is with the full stake amount for the current epoch.
Your stake (regardless of delegation) for the current epoch remains unchanged. Changes will only take effect from the next epoch onwards.
You or your pool operator’s voting power and your reward amount will be recomputed for the current epoch, even if you or your pool operator have voted prior to a pool member’s withdrawal.
You may refer to the section below to see how your stake is affected.
| Initial stake | Scenario | Current epoch actions | Stake in current epoch | Stake in subsequent epochs |
| 1000 KNC |
|
|
1000 KNC | 1500 KNC |
|
|
500 KNC | 500 KNC | |
|
|
1000 KNC | 1300 KNC | |
|
|
900 KNC | 900 KNC | |
|
|
500 KNC | 700 KNC | |
|
|
0 KNC | 2000 KNC |