Whats the best way to stake KAVA?

Yes, that is one of the risks of staking but it's rare and staking with 2 or 3 different validators is a way to hedge that risk. Don't stress about. Just know it's an outside possibility.

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14.10.2021

Mariyan

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
Yes, that is one of the risks of staking but it's ...

Thank you for the info 👍

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14.10.2021

Mariyan

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
Yes, that is one of the risks of staking but it's ...

One more thing , as far as I know , the staked coins doesn't actually leave the wallet , they are just locked. If this is correct, how come they can be taken off from the wallet ?

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14.10.2021

None Knows

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
Yes, that is one of the risks of staking but it's ...

what are you talking about, omg ? which smart contract? staking in Kava? if its hacked, whole chain is hacked, no matter which validator you delegated

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14.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

Mariyan
One more thing , as far as I know , the staked coi...

Staked tokens are held in a smart contract on the blockchain that delegates their computing power to our node, so they do leave your wallet. That same smart contract knows to pay block rewards to your wallet address. No validator ever takes custody of your tokens. You can unbond and get your tokens back at any time, but the unbonding process does take 21 days. Additionally, you can redelegate your stake from one validator to another without having to unbond and wait 21 days. I hope that helps.

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14.10.2021

Mariyan

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
Staked tokens are held in a smart contract on the ...

Thank you 👍

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14.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

Mariyan
Thank you 👍

Absolutely! Thanks for staking with us. Welcome aboard.

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14.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

None Knows
what are you talking about, omg ? which smart con...

That's not true at all. Each staking contract is separate from the others.

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14.10.2021

None Knows

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
That's not true at all. Each staking contract is s...

ok, what do you mean by hacking staking contract?

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14.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

None Knows
ok, what do you mean by hacking staking contract?

I mean a smart contract gets hacked and the tokens are stolen

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14.10.2021

None Knows

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
I mean a smart contract gets hacked and the tokens...

staking smart contract gets hacked? If you mean like private key of delegator compromized, MIM hijacked , I can agree But if code of staking smart contract itself has holes and can be exploited then whole chain is doomed, cause each validator runs same code or am I wrong?

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14.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

None Knows
staking smart contract gets hacked? If you mean l...

All smart contracts on all chains can potentially be hacked. Indexed.Finance was hacked today. Codes are audited for vulnerabilities but there are no guarantees. If you're not comfortable with the risk, crypto isn't for you. Traditional investments would then be a better choice. Risk/reward. Each smart contract might be built using the same code, but is unique as an individual smart contract. @cryptoswithcam can you provide any insight?

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14.10.2021

Cameron | Kava (I will never DM first)

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
All smart contracts on all chains can potentially ...

Here's Michael's response from CertiK AMA from yesterday regarding the Kava Platform's security - Security is at the center of everything we do which is why we have such a a strong and valued relationship with CertiK. We have completed audits with CertiK with each of the products that we have launched to date (5 in total). If you aren't familiar with the Kava SAFU, here's another response - The Kava SAFU fund's main function is to make users whole after events like unforeseen bugs, exploits, hacks, liquidation failures or other technical issues that result in lost user funds. It was created created through a one-off inflationary event earlier this year where 10% of Kava's token supply was minted and held within the Kava SAFU Fund.

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14.10.2021

None Knows

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)
All smart contracts on all chains can potentially ...

my question was not about possibility of hack. you misinterpreted this. As I said / asked about your words about hacking of staking smart contract. I said if staking code is exploitable, hackable then it does not matter Which validator you chose to delegate . Each validator runs the same code, isn't?

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14.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

Cameron | Kava (I will never DM first)
Here's Michael's response from CertiK AMA from yes...

@Malfurionius Thanks Cameron

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14.10.2021

Matt | Blocks United Validator (WILL NEVER DM YOU FIRST)

None Knows
my question was not about possibility of hack. you...

Each validator is attached to a different staking contract, as far as I know.

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14.10.2021