Protocols     /     SKALE

Skale (SKL)

Skale is a layer-2 solution for Ethereum which provides containerized and virtualized elastic blockchains with Ethereum compatibility which are gasless, rapid and provisionable.

Skale operates on an Ethereum-as-a-service model allowing users to create their own blockchain on Ethereum that can rapidly and elastically provision, de-provision and re-provision resources allowing effective scalability.

FIGMENT VALIDATOR ADDRESS:
0x82697068Ef6Be38A79AF90Efcd675e5cf792287C

Stake SKL

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Market Data

MARKET CAP

$271.7M

STAKING REWARD RATE (SRR)

11.60%

SRR isn’t always the most reliable metric for understanding your rewards. You can read more here

PRICE

$0.05

AUTO-COMPOUNDING

No

REWARD FREQUENCY

1 Epoch (Monthly)

ACTIVATION

30 Days

WITHDRAWAL

None

SLASHING PENALTIES ENABLED

No

Highlights

Why Stake SKALE With Figment?

  • Arrow Skale allows an infinite amount of blockchains to be created and operates as a blockchain creation compatibility layer for Ethereum
  • Arrow SKALE is built on the Ethereum network and is designed specifically to improve the speed and capability of Dapps utilizing the Ethereum blockchain, without losing their connection to Ethereum
  • Arrow The SKL token on the SKALE Network will be primarily used for three things: Staking, Fees, and Governance
  • Arrow The SKL token is built on an ERC-777 token standard

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Frequently asked questions

SKALE FAQ

What is the name of the asset being staked? +
Where can I explore the network and create a Skale wallet? +
Why Stake SKL? +
How long does it take to stake and unstake? +
When are staking rewards and transfers enabled? +
How are staking rewards disbursed? Are staking rewards liquid or automatically staked? +
Can I lose potential staking rewards? +
Can my staked SKL be slashed (seized or destroyed)? +
What is the rate of new issuance (aka "annual inflation") for SKL? How does the token supply change? +
Do I maintain custody of my SKL tokens? Who or what controls my staked SKL token? +
How are decisions about Skale made and executed? +

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