Delegation FAQs

What are the differences between staking and delegation?

Staking refers to the process of actively participating in a Proof-of-Stake (PoS) blockchain network by locking up a certain amount of the native cryptocurrency (or token) as collateral to support network operations. This collateral is commonly known as a stake. Validators, who are responsible for verifying and validating transactions on the network, are chosen to create new blocks and secure the network based on the amount of cryptocurrency they have staked. The more tokens a user stakes, the higher their chances of being selected as a validator and earning rewards in return for their service.

Delegation, on the other hand, is a process within a Proof-of-Stake (PoS) blockchain network where delegators can participate in the consensus mechanism without the need to run a validator node themselves. Instead of staking and maintaining their validator node, users can delegate their tokens to an existing validator on the network. By doing so, they entrust the chosen validator to represent their stake and perform network validation on their behalf.

Where can I check the delegation details?

Once you have completed your delegation, you will have to wait for six block confirmations on the KUB network, which is approximately 30 seconds to 1 minute. Navigate to the My Delegation page to view your dashboard and delegation details.

What would happen if I earn rewards while delegating, and I add additional funds to the same validator node?

If you have not withdrawn your rewards before delegating additional funds to the same validator node, your rewards will be withdrawn automatically when you add additional funds.

What is the minimum delegation amount?

The minimum KUB Coin required to delegate is the following:

• Official Pool: 1 KUB

• Validator Pool: 100 KUB

Which wallets are currently supported to delegate?

Two wallets are currently supported for delegation: Bitkub NEXT Wallet and MetaMask.

Are hardware wallets supported?

Yes, hardware wallets are supported. You can use the Connect Hardware Wallet option on MetaMask, connect your Hardware wallet, and then continue with the delegation process.

When does the reward get distributed?

KUB Coin is distributed proportionately on each successful checkpoint submission to each delegator based on their stake, relative to the overall staking pool of all validators and delegators. The percentage for the reward distributed to each delegator will vary with each checkpoint depending on the relative stake of the delegator, validator, and overall stake.

What are the potential lossese for delegators?

The only risk for delegators is the loss of rewards when their staked validator is slashed or inactive. However, the delegator's KUB Coin will not be affected.