Calamari (KMA) Staking
How to stake your KMA tokens using Nova Wallet!
Last updated
How to stake your KMA tokens using Nova Wallet!
Last updated
Nova Wallet is a non-custodial wallet where you alone remain in control of your assets via your private key/seed phrase. Nova Wallet directly connects you to the Calamari protocol to stake directly. Nova Wallet does not provide you with any staking services such as how a CEX may do.
| Parameter | Information |
|---|---|
Minimum Stake | 5,000 KMA* |
Unstaking Period | ~7 Days |
Rewards Payout | Rewards accrue every 6 hours and are added to your transferable balance. |
Governance Participation | Staked KMA can be used to participate in Governance on the Calamari protocol. |
*Some Collators may require you to stake an amount which is above the minimum network stake of 5,000 KMA.
Collator APR on Calamari is dynamic and can change every day. It depends on the stake behind each collator. Collators with lowest stake behind them have the highest APR, however, their APR will go down as more stakers choose them. This ultimately can affect the amount of staking rewards that you earn from nominating to them. As such, Nova Wallet recommends that you monitor your collator's performance on a semi-frequent basis.
Open the Nova Wallet application.
Select the Staking screen.
Select Calamari.
Review the staking information presented to you.
Once you have understood the terms select the Start Staking button.
Select the Collator that you wish to stake with.
Input the amount of KMA tokens that you wish to stake.
Ensure that you review all of the contextual information and select Continue.
Once again, review all of the contextual information provided and Select Confirm.
Your staking position will now be displayed on the Staking screen within Nova Wallet.
