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KAVA is the native coin of the Kava blockchain and can be earned in several ways, through lending, staking and yield farming.
Lending your KAVA
The easiest way to earn yield on your KAVA in Australia is through an exchange or digital asset lending platform such as Swyftx, CEX.IO Cryptocurrency Exchange and Kraken Cryptocurrency Exchange .
The highest return currently available on KAVA from the products we compared is 25.85% through Swyftx with a flexible deposit length, meaning you can withdraw your funds any time.
Use the table to compare rates on KAVA and use our calculator to forecast how much you could earn.
Staking your KAVA
Kava is also a proof-of-stake (PoS) blockchain which means that KAVA can be staked in return for rewards. This method requires using the Kava blockchain through a wallet and is a bit more advanced, which is why we have provided a visual step-by-step explainer to help guide you through the process.
|Go to site|
|Binance Cryptocurrency Exchange||2.49%||2.49%||Flexible||Fixed||Earn now|
|Binance Cryptocurrency Exchange||8.97%||8.97%||1-month||Fixed||Earn now|
|Binance Cryptocurrency Exchange||11.22%||11.22%||2-month||Fixed||Earn now|
|CEX.IO Cryptocurrency Exchange||23%||23%||Varies||Fixed||Read review|
|Kraken Cryptocurrency Exchange||23%||23%||Varies||Fixed||Earn now|
The instructions below are for earning yield on Kava using a cryptocurrency exchange for lending:
The process of staking on KAVA involves delegating tokens to a chosen validator in the network. You then earn rewards from the chosen validator. Rewards are generated from the validation of transactions and the creation of new blocks.
KAVA tokens can be staked using a variety of Web 3.0 crypto wallets. For this example, we will be using Trust Wallet, which is a mobile application. More information on Trust Wallet can be found in our guide. Alternative options include Frontier and Keplr.
Each of these options provides users with a platform from which they can delegate KAVA coins. Before starting the process, make sure you have transferred KAVA tokens across to your wallet platform.
The unstaking of KAVA can be completed at any time but will take 21 days to complete.
Step 1. Open your Trust Wallet mobile application and select the KAVA coin.
Step 2. Click the "More" symbol (highlighted by the 3 dots), which will bring up a list of options. Click "Stake" from the list of options at the bottom of the screen.
Step 3. On the next screen, enter the number of KAVA coins you would like to stake. You can select all your coins by clicking the "MAX" button, but you will need at least 0.001 KAVA remaining to pay for gas fees. Click "Next" once you are happy with the figure.
Step 4. Next, you must choose a validator that you would like to delegate your coins to. Remember to check the details for each validator, including how much commission they take and how much APR you can expect to receive. Once you have chosen, click "Next".
Step 5. Finally, review all of the transaction details. After you have reviewed the details, click "Send" to confirm the transaction. To verify that the transaction has been completed, using the Trust Wallet app, click on "KAVA" and then click on the "More" symbol. Select "Staking details" to view the amount of KAVA you have staked.
The rewards for staking KAVA vary based on several factors.
Firstly, the amount of the rewards will change depending on how long you leave your KAVA tokens staked for. The longer your KAVA tokens are staked, the more time you have to accumulate rewards.
Secondly, the amount of the rewards received will also depend on your chosen validator. Validators take a percentage cut of all rewards, so the rewards distributed to delegators can vary considerably.
Finally, the amount of the rewards will also increase proportionally with the number of KAVA tokens you have staked.
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