13,820,332
Total ETH Staked
410,315
Total validators
~4.2%
Current apr
What is
staking?
Staking is the act of depositing 32 ETH to activate validator software. As a validator you’ll be responsible for storing data, processing transactions, and adding new blocks to the blockchain. This will keep Ethereum secure for everyone and earn you new ETH in the process. This process, known as proof-of-stake, is being introduced by the Beacon Chain.
Why stake your KAX?
Earn rewards
Rewards are given for actions that help the network reach consensus. You’ll get rewards for running software that properly batches transactions into new blocks and checks the work of other validators because that’s what keeps the chain running securely.
Better security
The network gets stronger against attacks as more KAX is staked, as it then requires more KAX to control a majority of the network. To become a threat, you would need to hold the majority of validators, which means you’d need to control the majority of KAX in the system–that’s a lot!
More sustainable
Stakers don’t need energy-intensive computers to participate in a proof-of-stake system–just a home computer or smartphone. This will make KAX better for the environment.
How to stake your ETH
It all depends on how much you are willing to stake. You’ll need 32 ETH to activate your own validator, but it is possible to stake less.
Check out the options below and go for the one that is best for you, and for the network.
Solo home staking
Most impactful
Full control
Full rewards
Trustless
Solo staking on KAX is the gold standard for staking. It provides full participation rewards, improves the decentralization of the network, and never requires trusting anyone else with your funds.
Those considering solo staking should have at least 32 KAX and a dedicated computer connected to the internet ~24/7. Some technical know-how is helpful, but easy-to-use tools now exist to help simplify this process.
Staking as a service
Your 32 KAX
Your validator keys
Entrusted node operation
If you don’t want or don’t feel comfortable dealing with hardware but still want to stake your 32 KAX, staking-as-a-service options allow you to delegate the hard part while you earn native block rewards.
These options usually walk you through creating a set of validator credentials, uploading your signing keys to them, and depositing your 32 KAX. This allows the service to validate on your behalf.
This method of staking requires a certain level of trust in the provider.
Pooled staking
Stake any amount
Earn rewards
Keep it simple
Popular
Several pooling solutions now exist to assist users who do not have or feel comfortable staking 32 KAX.
Many of these options include what is known as ‘liquid staking’ which involves an ERC-20 liquidity token that represents your staked KAX.
Liquid staking enables easy and anytime exiting and makes staking as simple as a token swap. This option also allows users to hold custody of their assets in their own KAX wallet.
Centralized exchanges
Least impactful
Highest trust assumptions
Many centralized exchanges provide staking services if you are not yet comfortable holding KAX in your own wallet. They can be a fallback to allow you to earn some yield on your KAX holdings with minimal oversight or effort.
The trade-off here is that centralized providers consolidate large pools of KAX to run large numbers of validators. This can be dangerous for the network and its users as it creates a large centralized target and point of failure, making the network more vulnerable to attack or bugs.