KI Staking

To earn a yield on your XKI, you can either run your own validator or delegate your tokens to the existing one.

We recommend using a Ledger Hardware Wallet to keep full control over your funds. To delegate your tokens, you should ensure you have your XKI on your Keplr wallet and follow the steps below:

Step 1: Visit the REStake App.

Step 2: Select a Verified Staking Provider (VSP) from the validator list. 

Step 3: Click 'View' to choose a preferred validator.

Step 4: Switch to the ‘Stake’ tab and proceed with 'Delegate'.

Step 5: Enter the stake amount and re-click 'Delegate'.

Step 6: Finalize and confirm the transaction in your wallet.

It is essential for users to stake their PoS tokens with dependable and highly performant validators, which is why we rolled out our Staking Rewards Verified Staking Provider (VSP) Program in June 2022. Through this program, we thoroughly scrutinize potential validators, evaluating factors such as security measures, their on-chain reliability, their provider setup, and value-added services for the whole ecosystem.

There are many metrics to consider when selecting a validator to delegate to:

Commission Rates: The commission rate a validator charges is the % of your reward that the validator keeps for themselves. A high commission rate means your rewards will be lower, whilst a low commission rate could mean that the validator is not profitable and could cause issues for them in the future. Keep in mind that validators can adjust their commission rates up or down over time. 

Number of Users: A high number of delegators could indicate positive sentiment towards a validator. 

Validators Self-Staked Balance: A provider with a high amount of staked tokens likely has more incentive to continue operating their services as they have more to lose than those with low self-staked balances. This metric has some limitations as Validators can choose to delegate to their own validator from another wallet, which is done to increase the security of their funds. 

Current Status: To check if a validator is currently active, go to the Stride Validator Dashboard on Mintscan. The default view on this page is for “Active” validators, but you can also filter to view inactive validators in the top right corner of the page. Keep in mind that only the top 100 validators on Stride, ranked by balance, receive rewards.

Network Share: You typically don’t want to choose a validator with the highest or a low network share. Delegating to the most popular validators increases centralization risks within the network as those validators will have more say in governance and produce a larger share of the blocks. A validator with a low network share might not be profitable, increasing the risk of discontinuing their services. If a validator drops out of the eligible set, they also stop earning rewards. However, if you are willing to put more time in, then delegating to a smaller validator helps support the decentralization of the network. You would just have to make sure to check regularly if the provider is still active and operating. 

Performance: Make sure you pick a validator with the highest possible performance. Further, please check individual validators’ uptime, and our recommendation is only to pick those with a >=99% uptime and a long history of not getting slashed.

Tokens are generated every 5 seconds, constituting the reward accrual period for stakers. Rewards are coming from inflation. Every product running on the Ki Chain that generates revenue for its creator is subject to a tax due to the chain. This tax will eventually fuel the required burn entirely. To participate in XKI staking, individuals can either become validators or delegate their tokens to validators of their choice, with the flexibility to change their delegation at any time.

We strive to make staking as safe and transparent as possible, however, it's important to consider factors that may influence whether a particular staking option is appropriate for you.

Unbonding Risk: When staking XKI tokens, there is a lockup period of 21 days. This means that investors will not be able to sell their tokens immediately, but instead need to wait 21 days after initiating unbonding before they can be traded again. This is something to keep in mind when deciding to stake, as crypto markets are highly volatile. Consider keeping funds liquid if you do not intend to hold XKI long-term. 

Dropping out of the Active Set: A validator could drop out of the top eligible validator set, meaning they no longer earn any rewards. Ensure you check back frequently to ensure your validator is active, not jailed, and has not unreasonably raised their commission fees. 

Security Risks: There is an inherent risk that the protocol could contain unknown bugs, this risk applies not only to staking but also to the investment in XKI.

Please note that this is not an exhaustive list of all the risks related to staking.

Total supply distribution of XKI tokens across each allocation category:

• Ki Foundation reserves - 42%
• Genesis Team - 27.5%
• Klub delegations (members) - 4.5%
• Klub Staking delegations (members) - 3%
• Genesis Investors - 7%
• Other - 16%

Klub is an exclusive wealth management club merging CeFi and DeFi functionalities, operating solely online as a neobank. It allows users to manage both traditional assets like stocks and real estate, as well as cryptocurrencies, all within a single platform. Accessible DeFi opportunities include platforms like AAVE, Compound, and BlockFi. Membership requires an invitation from a current member and holding a specified amount of XKI tokens to access all features, with requests for membership processed by the Ki foundation upon submission at Klub.ki.