StrataOne on Kyve Network ($KYVE)
What is KYVE
As the Web3 space expands, decentralized and completely accurate data becomes more difficult for the public to access. Ultimately, this leads to major scalability issues due to difficulty in data access, and dangerous data inconsistencies from the lack of proper data validation before use.
In order to provide a trustless and more secure future for Web3’s data infrastructure, it is imperative that we target these issues of data access and true validity. How? Via KYVE.
The KYVE Network is revolutionizing customized access to on- and off-chain data by providing fast and easy tooling for decentralized data validation, immutability, and retrieval.
With these tools, developers, data engineers, and others can easily and reliably access the trustless data they need in order to continue building the future of Web3.
KYVE Network is a revolutionary platform that focuses on customized access to on- and off-chain data. Here are the key aspects of KYVE:
Data Rollups-as-a-Service (DRaaS):
KYVE provides Data Rollups-as-a-Service, unlocking next-level scalability for blockchains and rollups.
It allows developers, validators, and data engineers to easily access and validate trustless data.
Scalability and Reliability:
KYVE ensures the scalability, reliability, and availability of data sets for the present and future.
It handles data rollup, immutability, and retrieval, making it an essential tool for Web3 projects.
Validator Support:
KYVE is backed by a strong network of validators who contribute to data validation and security.
Validators play a crucial role in maintaining the integrity of the network.
Building and Exploring:
Developers can build on KYVE to create scalable solutions.
The ecosystem is ever-growing, inspiring builders to explore new dimensions.
Staking and Governance:
Users can stake $HEART tokens to further decentralize and secure the network.
Participate in governance to influence the future of data on KYVE.
Partnerships and Recognition:
KYVE has gained recognition from industry leaders and partners.
It provides an exceptional development experience for Web3 projects.
Verifying Data Validity:
As blockchains scale, verifying the validity of stored data becomes crucial.
KYVE Network addresses this challenge by ensuring data integrity.
In summary, KYVE Network empowers developers and users with reliable, decentralized data access, supporting the growth of Web3 applications. It’s a critical piece of the puzzle for a scalable and secure decentralized future. 🌐✨
HOW TO STAKE KYVE ON LEAP WALLET
Certainly! Let’s walk through the steps to add Humans.ai (KYVE) to your Leap Wallet:
Download Leap Wallet:
If you haven’t already, download and install Leap Wallet from the official website: Leap Wallet Download.
Open Leap Wallet:
Launch Leap Wallet on your device.
Connect to Humans.ai (KYVE):
In Leap Wallet, click on the “Connect” button.
Select “Humans.ai (KYVE)” from the list of supported networks.
View Your Address:
Once connected, you’ll see your $HEART token balance and your address under your account name.
The address should start with
kyve...(for example,kyve1x4mqge0gxvg98nsdt0qp3q55a9vy8ytnqk8dvw).
That’s it! You’ve successfully added Humans.ai (KYVE) to your Leap Wallet. Now you can manage your $HEART tokens and participate in the network. Remember to do your own research and exercise caution when dealing with cryptocurrencies. Happy staking! ✨🚀
How to stake Kyve tokens (KYVE)?
Brief:
You can stake your own tokens and locked tokens.
Validator address: kyvevaloper1qcnfttryvf370q2y37w9tjdq54j46mkcwjrdas
Link to the explorer
The full guide:
1. Install the Keplr wallet
If you don't have the Keplr wallet - install them.
2. Add Kyve network
Go to this page and add Kyve network to your Keplr:
3. Add wallet
Go to this page and do the following (choose your account with balance):
4. Delegate
Go to the staking portal, connect your wallet and choose your own amount (we do not recommend delegate all of your tokens because of transaction fees):
If everything was successful you should see the following:
How To Claim Rewards and Compound
Once your assets are staked, you’ll be earning rewards, which you can claim and re-stake to get even more out of your staked assets! So, let’s get to claiming!
Open the wallet again, and select “Stake” on the bottom menu. Any rewards you have gathered thus far will be visible in the stake menu. To claim, all you need to do is select “Claim” next to your rewards.
Select “Claim Rewards” once more to continue. In your activities, you will see the transaction appear. It will take a few seconds for your rewards to be added to your wallet.
You can now re-stake your earned rewards, to end up with a potentially higher APY in the long term. To do so, go to “Stake” and select “Stake” once more in the dashboard.
Scroll through or type the name of your preferred validator in the search bar and click on their name to stake. Add the amount you’d like to stake and select “review”. your transaction and select “Stake” to confirm. You’ve now added your rewards to your overall staked assets.
Unstaking Your Assets & Re-delegating To Another Validator
Now, let’s say you’d like to use your digital assets in a DeFi application, or you simply don’t want to stake anymore. You can “unstake” your assets. Keep in mind that when you unstake, a period of 14 to 28 days (lock-up period, the duration depends on the network) will have to pass, before you can access these.
To unstake, select “Stake” in the bottom menu of the dashboard. Next, select the validator you’re staking with by clicking on the name.
An overview of the validator's details and the amount you’re staking with the validator will appear. Select “unstake” to completely unstake your assets. Fill out the amount you’d like unstake and select “Review”. Review your transaction, and if you agree, select continue. And that’s it! You’ve now unstaked your assets.
If you don’t want to unstake, but prefer to divide your stake over multiple different validators (or simply want to change validator), you can select “switch validator” instead. Fill in the amount that you’d like to move to another validator, select the validator and review the transaction once more.
Importing a Wallet From Cosmostation or Keplr
As mentioned above, Leap Wallet also allows you to import a previously existing wallet from Keplr or Cosmostation. Remember that the wallet currently only supports $ATOM on the cosmos network. Therefore, you can’t import any other Cosmos-based assets thus far.
To start importing a Cosmostation or Keplr Wallet, select “Import an existing wallet” instead of “create a new wallet”. Next, select the wallet that you’d like to import from. In our case, we chose Cosmostation for this guide. Click on “Import Cosmostation”.
Next, you will be asked to fill out the private seed phrase of your Cosmostation wallet. Enter the seed phrase in the designated box, with spaces and without commas. When ready, select “Import Cosmostation Wallet”.
written by: Thompson (creator StrataOne)
Last updated
