Delegate KUB Coin

Delegators are groups of individuals who participate in validating transactions with the validators. The delegators jointly stake the KUB coin with the validator to delegate authority to the validator to validate the transaction. The delegators receive rewards based on the proportion of staking power under which the delegator can do without its technical knowledge or infrastructure.

Considerations

Before becoming a delegator in a blockchain network, several important considerations must be considered to ensure a rewarding and secure staking experience.

Staking Power

One of the primary considerations before becoming a delegator is assessing the node's power and performance. A staking's power is determined by the total amount of tokens staked on a node validator. Look for nodes with a significant stake, as they are more likely to be selected as validators, leading to more consistent rewards for delegators.

Fees and Rewards

Review the fee structure of the staking pool, including commission fees (staking fees) and any additional charges. Seek a balance between competitive fees and attractive rewards to maximize your earnings.

Delegator Amount and Delegate Size

Assess the number of tokens you plan to delegate. While larger delegates may yield higher rewards, consider your risk tolerance and the amount of tokens you can comfortably lock up for the staking duration.

Selecting a Validator Node

For delegators who would like to delegate using Bitkub NEXT or Metamask, please navigate to KUB Stake. All validators carry a certain degree of risk. You should choose the validator that aligns with your specific purpose. Whether you prioritize a high distributed reward or a low service fee percentage, it is crucial to consider your own risk and preferences.

Slashing might happen if a validator misbehaves or tries to violate the chain. To minimize the risk of unnecessary reward loss, select reliable validators before delegating.

The more the staking power, the more chance the validator will be picked to validate a transaction. Note that if only a small group of validators control the majority of the staking power, it could raise doubts or skepticism about the principle of decentralization. On the other hand, choosing a validator with excessively low staking power reduces the chances of receiving distributed rewards. We do not assume responsibility or liability for any losses that may occur during the delegation process.

Service Fee

The service fee is a fee charged to the delegators. Some validators may start by offering zero service fees to attract new delegates, but it is important to note that these fee rates are subject to change later.

Validator Reliability

When you delegate your funds to a validator, it is important to check the validator’s ​​trustworthiness to ensure that the validator is always acting in your best interest.

Delegating to a Validator Node

1. Select your desired validator node and click on the Delegate button

2. Input the amount of KUB Coin you want to delegate to this validator node

3. As the total stake increases, staking power shows a positive correlation

Each pool node may have a minimum requirement for the delegated amount. Please ensure you have sufficient KUB Coin before you delegate to the validator node.

Delegating More KUB Coin to a Validator Node

1. Navigate to the My Delegation page or click on the delegate button in the same validator that you have already delegated

2. Click on the Delegate More button

3. Preview the number of rewards that will be received after delegating more

4. Input the amount of KUB Coin you want to delegate

5. Click the Delegate More button to confirm the transaction

When you submit a Delegate More transaction, you will receive any previous unclaimed rewards before starting to collect new rewards.

Claiming Rewards

1. Navigate to the My Delegation page

2. Click on the Claim button to start the reward claim process

3. You can claim your reward immediately by clicking on the Claim button

Every time you claim a reward, the amount you receive will be the reward amount subjected to the deduction of the service fee.

If your reward after deducting the service fee is less than 0.01 KUB for Bitkub NEXT Wallet or 0.00000001 KUB for MetaMask, you will not be able to claim the reward.

Unstaking from a Validator Node

1. Navigate to the My Delegation page

2. Click on the Unstake button to start the unstaking process

3. You will receive the entire delegated amount, along with the distributed rewards

The service fee will only be deducted from the reward, not from the staked amount.