Genesis block producer and maker of the popular Hubble staking explorer for the Kava Community.
Extensive Tendermint experience including running leading validators on Cosmos, Terra and IrisNet.
Trusted staking provider by the founding team, Kava Labs and original VC investors e.g. Lemniscap VC
Figment is a venture-funded, registered Canadian company, based in Toronto. Canada offers stability, rule of law and clear crypto regulation.
The world’s most advanced physical IDC + multi-cloud staking infrastructure.
100% reward success. Never been slashed or jailed.
You maintain custody and control of your KAVA at all times.
Third-party custody solutions are available through our institutional partners. Contact us for more information.
How many KAVA tokens do you have?
Figment’s validator address:
It will take approximately 5 minutes to stake using a CLI on Windows, MacOS, or Linux.
You’ll need to gather the following info:
Run these commands in your command-line interface to stake your KAVA tokens with the Figment validator:
kvcli config node 18.104.22.168
kvcli tx staking delegate kavavaloper1xhxzmj8fvkqn76knay9x2chfra826369dhdu2c 1000000000ukava --from youraccountname --gas auto --gas-adjustment 1.5 --gas-prices 0.25ukava --chain-id kava-2
Note the use of micro-KAVA (ukava) units above.
Change the bolded terms from this example:
kvcli tx staking redelegate current_validator_address kavavaloper1xhxzmj8fvkqn76knay9x2chfra826369dhdu2c 1000000000ukava --gas auto --gas-adjustment 1.5 --from key_name --chain-id kava-2 --node 22.214.171.124:26657
current_validator_address is the validator you are moving your delegation away from.
1000000000ukava is equivalent to 1000 KAVA tokens because it’s denominated as micro kava.
key_name is the name that you assigned to your key for signing transactions.
When it becomes available, you can also refer to Kava Labs’ staking guide.
Have questions or need help? Contact Us
Please see our comprehensive guide on fiat to crypto on-ramps for all staking tokens.View Guide
Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets, including BTC, XRP, BNB, ATOM, etc. Users can collateralize their crypto assets in exchange of USDX, Kava’s stablecoin. KAVA is the governance and staking token responsible for securing the network and voting on key parameters.
Check out the Kava white paper here.
You maintain custody of your KAVA at all times.
Your KAVA stay in your wallet and you can change your delegation at any time.
All KAVA token transfers, including rewards, are processed within the Kava protocol. Figment never has custody of your tokens or rewards.
There is a 21-day unbonding period to transfer your tokens after staking. During the unbonding period, your KAVA are illiquid and may still be subject to slashing.
Delegated KAVA are subject to Kava slashing under certain conditions (see below)
Figment provides a 100% missed reward guarantee for any missed rewards due to liveness (downtime).
If Kava validators that have poor performance or violate protocol rules may have up to 5% of tokens staked slashed
Slashing occurs when a validator signs two blocks at the same height, which is called equivocation. This is most likely to occur when a validator mistakenly activates a backup validator when their primary validator is still online.
For this reason, Figment has prioritized avoidance of double signing over liveness (uptime). There is no slashing for limited validator downtime (up to 16 hours). Be cautious of validators that have only cloud-based infrastructure or complicated software based redundancy systems aimed at minimizing liveness. Complicated redundant backup systems to optimize for uptime can result in double signing and thus slashing.
Rewards are liquid and do not go through the same unbonding period as the staked tokens.
There is no minimum amount of tokens required to validate, as long as the total delegation allows the validator to breach the top 100 among its peers.
Both transaction fees and inflation-based rewards for each block are split by validators and delegators according to weighted stake.
Transaction fees are required for all Kava transactions, which includes transferring pegged assets (e.g. pXRP) to other users, transferring pXRP to the Kava collateral module, drawing USDX from a CDP, closing a CDP, and sending USDX between users.
The target rate of inflation for KAVA is designed as an incentive for ⅔ of the total KAVA supply to be staked. At launch the target rate is 7%. If less KAVA are staked, KAVA supply via block rewards increases up to a ceiling of 20% annualized inflation of the total supply. If more than ⅔ are being staked, KAVA block rewards decrease gradually down to a floor of 3% annualized inflation.
Delegator rewards are liquid, so they must withdraw their rewards and then delegate them, if they wish to compound their rewards. Validators are never in control of the rewards.