Рет қаралды 794
What is delegation, and why is it important?
By delegating to a validator on KYVE, you help to secure the network. Delegation is a form of staking that does not require you to run your validator. You provide stake as network security to a validator and generate rewards. In an ideal world, everyone would be able to run their validator, leading to a very secure network. But on the tech, this leads to many problems because those validators generate a lot of traffic, leading the chain to slow down and eventually halt.
Since KYVE has two layers (consensus and protocol), you can delegate to both layers' validator sets, allowing you to have multiple ways of earning rewards for your tokens. For now, only delegation to consensus validators is possible.
Please note: The KYVE team does not manage this process; use it as your responsibility. This does not constitute any sort of legal, tax, investment, or any other advice. Before delegating, we encourage you to read the documentation: docs.kyve.netw...
Find more resources on KYVE: coinmarketcap....
-------------------------------------------------------
Follow KYVE:
Website: www.kyve.network
Github: github.com/KYV...
Twitter: / kyvenetwork
LinkedIn: / kyve
Telegram : t.me/kyvenet
Discord: / discord
Medium: blog.kyve.network
Reddit: / kyve