Kava can be staking
The virtual currency Kava can be stakes.
Kava Kava Network’s Co-Chains combines the flexibility and speed of Ethereum smart contract development with the interoperability of the Cosmos SDK in a single network powered by the ultra-fast Tendermint consensus engine .
Kava has the advantage of staking
- Just deposit Kava in the validator and you will be rewarded with Kava
- Kava can be refunded at any time as there is no lock period
- By holding a certain amount of Kava, you may get air drops etc.
And so on.
On the other hand, if you stake Kava, you need to be careful because there is a risk that the value of the deposited assets will decrease.
So, I will write the conclusion of this article first.
- Kava’s staking has a relatively high expected yield of 8% -14%
- If you want to steak Kava, Trust Wallet is recommended
- If you want to buy Kava, Binance is recommended
Kava, open a Binance account.
Kava staking interest rate
The interest rate (expected yield) for staking of the virtual currency Kava is about 10% (as of March 2022).
Please note that the interest rate for staking changes in real time.
addition, the expected yield for each validator (mandate) of Kava has been around 8% to 14% (as of March 2022).
Kava has two ways of staking
There are two main ways to stake Kava.
- Use Binance ‘s staking function (regular staking) (for beginners)
- TrustWallet (for intermediate and above)
Binance , you only need to open a BINANCE account and own Kava, so you can easily start staking.
Therefore, BINANCE staking is for beginners.
On the other hand, if you aim for a higher yield than BINANCE staking , we recommend staking with your own wallet ” TrustWallet “.
The features of each are as follows.
| Steak method | yield | Validator choice |
| Binance ‘s staking function | 6% | None |
| Steak at Trust Wallet | 14% | Yes |
The staking yield of BINANCE is higher for the original wallet, which is a little difficult to stake. Also, if it is your own wallet, you can freely select the validator (delegator) who deposits your KAVA.
If you want to try staking from now on, let’s use BINANCE’s staking function first.
How to stake Kava with Trust Wallet
First, I will explain how to stake Kava in Binance .
Binance is the following 6STEP.
- Open a BINANCE account
- Register inTrust Wallet
- BuyKava at Binance
- Kavafrom Binance to Trust Wallet
- Select a validator to stake
- Steak Kava
Open a BINANCE account
open a BINANCE account to purchase Kava . HYPERLINK “https://accounts.binance.com/en/register?ref=GWNEL6O5”
As a reason to recommend BINANCE
- Low conversion (swap) and remittance fees
- You can stake via the exchange
- Because it is an exchange, you can buy Kava cheaper than the sales office
There are merits that Japanese exchanges do not have.
Register with TrustWallet
TrustWallet is a blockchain wallet used by more than 10 million people worldwide.
Like Metamask on OpenSea , it’s free to use.
TrustWallet also has the staking function of KAVA (Binance Smart Chain) , which has a relatively high annual interest rate of 14% or more , and the latest DeFi mining functions such as Kava.
As you can see, Trust Wallet is very convenient because it supports various staking . Considering trying staking other than Kava, I recommend using Trust Wallet.
Convert BTC to Kava with BINANCE
To purchase Kava, open a BINANCE account. To open a BINANCE account, you will need your email address, phone number, and identity verification documents such as your passport.
The procedure for actually purchasing Kava with BINANCE is as follows.
- Buy BTC on Japanese exchanges such as Coincheck
- Send BTC to BINANCE
- Convert received BTC to Kava
Converting is the exchange of one token for another.
BINANCE supports BTC / Kava conversion, so once you receive BTC, all you have to do is replace it with Kava using the conversion function.
Kava from BINANCE to Trust Wallet
Kava purchased from BINANCE will be sent to Trust Wallet this time.
TrustWallet is as follows.
Copy Kava’s receiving address
First , copy the Kava-specific receiving address in the Trust Wallet .
- Tap the Kava tab in the Trust Wallet
- Tap “Receive”
- Tap “Copy”
Then, the received address is copied to the clipboard.
By the way, in the case of the clipboard, there is a risk of pasting mistakes, so if you are afraid of pasting mistakes, save the QR code screenshot.
Register the remittance address in BINANCE and make a test remittance
Tap “Add Withdrawal Address” to register the copied remittance address (or screenshot QR code) as the BINANCE remittance destination.
registering the remittance destination, let’s send the test remittance first.
This is because if you mistakenly specify the destination when sending virtual currency, the sent virtual currency will never be returned (so-called self-GOX).
Therefore, let’s remit the minimum amount of remittance first.
At the same time, it should be noted that the Network should be BEP20 (BSC).
The remittance fee is about 20 yen, so we strongly recommend that you make a test remittance in advance for your safety.
Depending on the amount of remittance , the remittance will be completed within 1 to 5 minutes after you apply for the remittance.
Actually send Kava
If the test transfer is successful, let’s actually transfer it.
It may take a little longer to deposit than the test transfer because it should be more than the test transfer, but it will be deposited in TrustWallet in about 1-5 minutes.
TrustWallet , your Kava balance will increase, so please refresh the screen accordingly.
Select a validator to stake
TrustWallet , you need to select a validator to stake.
A validator is an organization that operates a node that approves Kava’s transaction processing.
PoS (Proof of Stake), the transaction is verified by the node operated by the validator, and the remittance process is completed. These validators are rewarded from commissions and liquidity pools by verifying transactions, some of which are also rewarded to us as staking rewards.
On the other hand, TrustWallet has multiple validators, each with different expected yields, so you may not know which one to choose.
In conclusion, it doesn’t make a big difference which validator you choose, but if you want to increase your staking rewards, choose a validator with the highest expected yield.
Since the expected yield of validators is updated from time to time, it is recommended to distribute and stake to the top 3 to 5 validators that offer the highest yield.
While Staking Kava
Once you have decided on the validator to stake and the amount of staking, you will actually stake.
Tap the validator, enter the staking amount, and finally press the bottom staking button.
Tap the staking button and the staking procedure is complete.
How to check the staking reward of virtual currency KAVA
Kava’s staking rewards are updated in real time.
Here’s how to check your staking reward.
- Launch TrustWallet and tap Kava
- Tap “Stake”
- Check “Rewards” on the right of the center (Kava’s staking reward is displayed)
In addition, you can receive the accumulated staking reward by the following procedure.
- Launch TrustWallet and tap Kava
- Tap “Stake”
- Tap “Claim Rewards”
How to refund staking Kava
Kava’s staking rewards can be paid out at any time.
Here’s how to pay out your staking reward.
- Trust Wallet → Kava tab → Tap Stake
- Unstake to get a refund
If you make a refund during the lock period, you will receive the rewards incurred during the staking period.
How to change the validator to stake
With Kava’s staking, you can freely change the validator to stake.
Here’s how to change the validator:
- Trust Wallet → Kava tab → Tap Stake
- Tap “Redelegate”
- Select the validator to change and execute the change
Again, don’t choose INACTIVE validators.
How to stake KAVA with Binance
Steaking KAVA with Binance is easy.
The specific procedure is the following 5 steps.
- Buy KAVA with Binance
- KAVA for regular staking of KAVA in Binance
Buy KAVA with Binance
First, let’s open a BINANCE account.
Once you have opened your BINANCE account, complete STEP 1 to verify your identity in order to start trading.
STEP1 is
- passport
- driver’s license
There is no problem if you have identity verification documents such as.
You can verify your identity up to STEP2, where you submit your resident card, but STEP1 alone is fine
Use Binance ‘s regular staking
Finally, take advantage of Binance ‘s regular staking with the converted kava .
Binance ‘s regular staking is a staking service that gives you APY (yield) just by holding virtual currency in BINANCE. Participation condition is to hold the minimum number of holdings for each stock.
The minimum number of KAVA regular staking is 0.1KAVA.
Here’s how to do regular staking with the BINANCE app.
- Tap the bottom right of the app → tap “Revenue” → tap “Acquire products”
↓ - Tap “Register” for KAVA’s regular staking, enter the KAVA you own, and tap “Register”.
The staking reward will be reflected on the app from the next day.
Recommended other staking coins
Finally, I would like to introduce recommended staking brands other than Kava (ATOM).
The expected yield of Kava introduced this time is about 8% to 14%.
Expected yields comparable to BNB and AVAX can be expected.
BNB has the risk that the expected yield is volatile, but it can also have a higher expected yield than Kava.
Also, if you expect higher yields than BNB, AVAX and Kava, we recommend the CAKE / BNB pair, which allows you to stake with DEX (decentralized exchange) pancake swaps. The expected yield is about 31% to 42%, which is by far the highest among staking stocks.
Keep in mind, however, that the higher the expected yield, the higher the risk.
summary
Finally, I will summarize this article.
- Kava’s staking has a relatively high expected yield of 8% -14%
- If you want to steak Kava, Trust Wallet is recommended
- If you want to buy Kava, Binance is recommended
The last brand introduced is also introduced in this article.
