Fees 3.00 %
Market Cap $396,931,017 Price$44.09
RewardsEvery 6 hours on average (every 1 era)
Lock-up period7 days (28 eras)
CompoundingCompounding is automatic as rewards are sent to the delegator account, increasing its voting power. Stakin proceeds to claim transactions every 1 era (6 hours on Kusama). The company has automated the process using a payout bot so that nominators do not have to worry about claiming their rewards and enjoy optimal compounding. The process is fully non-custodial, and rewards are sent from the blockchain to the nominator’s address.
Slashing riskThere are 4 Levels of Slashing Risks on Kusama • Level 1: isolated unresponsiveness, i.e., being offline for an entire epoch (1 hour). Generally, no slashing. • Level 2: concurrent unresponsiveness (coordinated downtime) or isolated equivocation (double signing). A small amount of the stake is slashed (up to 1%) but ultimately dependent on how many nodes are simultaneously down. The validator is removed from the active set for the next epoch (chilling). • Level 3: misconducts unlikely to be accidental but which do not harm the network's security. Examples include concurrent equivocation or isolated cases of unjustified voting. Again, slashing up to 10%, followed by ‘chilling’. • Level 4: misconduct that poses severe security or monetary risk to the system or mass collusion. Risk of an entire delegation being slashed, followed by ‘chilling.’ To mitigate downtime risks, Stakin uses a redundant infrastructure with 24/7 monitoring and alerting. Double signing risks are mitigated with a manual redundancy process, as most double signing occurs due to a deficient automated redundancy process. For slashing caused by protocol bugs, Stakin will use its best endeavours to recover the funds and influence protocol governance, including coordinating an on-chain motion.
Kusama is Polkadot’s canary network. It is not a testnet but designed to act as a risk-taking, fast-paced mainnet environment. Kusama is built with Substrate on a codebase that is nearly identical to Polkadot. The network is an innovative development environment for teams that want to move quickly and innovate on Kusama or prepare for Polkadot deployment. Kusama was founded in 2019 by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum. Kusama is a scalable network of interoperable blockchains. Like Polkadot, Kusama is a Relay Chain connecting to many parachains that earned their slot via an auction mechanism. With Substrate, developers can build and configure their blockchain and connect to Kusama. Kusama native token is KSM. KSM can be used to pay for gas fees, vote in decentralized governance, interact with applications, transact, and be staked. Nominators on Kusama can earn a staking yield in newly minted KSM tokens. For more information about Kusama, have a look at our blog: https://blog.stakin.com/tag/kusama/
Learn about Kusama (KSM)
Why stake with us?• Early Kusama validator since September 2019 • Validator on 5+ Substrate based blockchains including Polkadot, Stafi, and Kilt • Selected member of the Web3 Foundation delegation program • Enhanced yield service for institutional investors taking into account NPoS constraints • Automatic claiming of the rewards every era (6 hours) enables your staking rewards to compound • We offer dedicated support for all your staking, unstaking, and network-related questions