Kusama
APR 14.69%
mainnet
Fees 5.00 %
Market Cap$667,231,850Price$74.45
RewardsEvery 6 hours on average (every 1 era)
APR14.69%
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.
Why stake with us?