Staking
Register Your Voting Power
Last updated
Register Your Voting Power
Last updated
Step 1: Visit https://kyberswap.com/kyberdao/stake-knc
Step 2: Connect your wallet
Step 3: Stake KNC
If you stake KNC in epoch “n”, you or your delegate will only be eligible to vote in epoch “n+1” (next epoch onwards). Example:
Read our Staking and Voting Overview:
https://blog.kyber.network/kyberdao-staking-and-voting-overview-70be71ee58f0
Yes, you can stake more KNC tokens in epoch n+1, but you will get voting power and rewards based on your total KNC staked only in epoch n+2 in this example. In epoch n+1, you will only get the voting power and rewards based on 10,000 KNC.
Example:
Epoch 12: Tom originally had 10,000 KNC in Epoch 12.
Epoch 13: Tom can vote with 10,000 KNC worth of voting power in this epoch. Tom stakes another 5000 KNC. Now he has staked 15,000 KNC in total.
Epoch 14: Claims rewards for epoch 13. Votes with 15,000 KNC in voting power.
Epoch 15: Claims rewards for epoch 14. Continue voting with 15,000 KNC in voting power.
You can stake and withdraw within 1 epoch: Suppose in epoch n, You stake X KNC and withdraw Y KNC
If X > Y → Voting power equivalent to amount (X-Y) KNC will be in effect for the next epoch.
If X < Y → Your staking amount and voting power will be reduced for the next epoch.
Example:
Epoch 15: Tom staked 15,000 KNC.
Epoch 16: Tom voted with 15,000 KNC then withdrew 3000 KNC → Total staked is now 15,000 - 3000 = 12,000 KNC
Epoch 17: Tom can only claim his reward based on 12,000 KNC (not 15,000 KNC). His new voting power will now be equivalent to 12,000 KNC.
It depends. After every epoch, there will be trading fees set aside for voting rewards (from KyberSwap trading activities). The total amount of rewards is decided by two main factors: trade volume and the proportion of trading fees decided by KyberDAO for voting rewards.
The network fee percentage and fee allocation ratio are decided by the KyberDAO. As an individual KNC staker, your share of the rewards received after the epoch will be determined by your voting points (the amount of KNC you have staked during the epoch x the number of campaigns you voted on), in proportion to the total voting points of all KNC stakers.
You MUST VOTE on all ongoing proposal campaigns in order to receive your full reward in the next epoch. Assuming you (and all the other stakers) voted for all the proposal campaigns in that epoch, your share will be proportional to your KNC staked vs. the total amount of KNC staked by all voters.
If you did not vote, you would not receive any rewards. If you only voted for one but not all the campaigns in that epoch, you would receive less than what you actually could.
