Staking KAVA has become an increasingly popular option for investors seeking solid returns while supporting an innovative cross-chain DeFi platform.
This guide covers everything from KAVA explained to step-by-step staking instructions.
KAVA Explained
KAVA is a decentralized finance (DeFi) platform that bridges multiple blockchain ecosystems.
Unlike many DeFi projects that operate solely on Ethereum, KAVA connects both the Cosmos and Ethereum ecosystems, offering cross-chain functionality with several unique features:
- Cross-Chain Lending: Collateralize various cryptocurrencies to borrow USDX (a USD-pegged stablecoin)
- EVM Compatibility: Seamlessly interact with Ethereum-based applications
- Tendermint Consensus: Leverages Cosmos SDK for faster transactions and lower fees
- Interoperability: Exchange assets across different blockchains without intermediaries
The native KAVA token powers the network's security, governance, and staking mechanisms.
When you stake KAVA, you're not just earning rewards—you're helping secure this innovative DeFi ecosystem.
Why Consider Staking KAVA?
Earn Passive Income
When you stake KAVA tokens, you earn regular rewards directly to your wallet. Current reward rates range from 8% to 10%, depending on which validator you stake with (hint: Nansen 8.38% as of this article).
Participate in Governance
Staking KAVA gives you voting rights on important protocol decisions. Have a say in:
- System parameter changes
- New feature implementation
- Collateralization ratio adjustments
- Protocol upgrades
Support Network Security
By delegating your tokens to validators, you help secure the KAVA blockchain. Validators process transactions and maintain the network's integrity, and your stake strengthens their position.
How to Buy KAVA Tokens
Before you get started staking KAVA, you first need some KAVA tokens. You can purchase them from several reliable exchanges:
- Kraken: Offers a secure and easy way to buy KAVA with various payment methods, including credit cards and bank transfers.
- Binance: One of the largest exchanges by trading volume, supporting KAVA trading pairs like USDT and BTC.
- Uphold: Allows buying KAVA with fiat currencies and offers competitive pricing.
- Bit2Me: Provides a safe and quick way to buy KAVA, starting from €.
- Transak: Enables buying KAVA with fiat currencies using credit cards, Apple Pay, Google Pay, and more.
How to Stake KAVA with Nansen
Nansen offers a streamlined experience for staking SKALE tokens:
- Go to the Staking Page
Visit KAVA on Nansen's Staking Hub - Connect Your Wallet
Navigate your way to the 'Stake' button (we supportLeap, Keplr, Ledger). - Choose How Much to Stake
Enter the amount of KAVA you want to stake. Remember to account for gas fees. - Review and Confirm
Check if the details are correct and approve the transaction. After processing, your KAVA staking is active.
Why Stake KAVA on Nansen
Staking KAVA with Nansen offers a straightforward experience to put your KAVA tokens to work.
In just 4-6 months since acquiring StakewithUs, we have quickly grown to manage over $1 billion in staked assets.
We've already partnered with many leading blockchain networks and plan to add more chains and custodial services soon.
