$KYVE Token is integral part of the Kyve ecosystem which aligns incentives between all participants. You can Stake to earn rewards directly by running a Protocol Node or Chain Node yourself

Kyve supports delegation allowing token holders to participate by signalling on node runners/pools and earn a share of rewards from the following

Delegating stake to:

Protocol nodes: Protocol node operators validate data to receive ‘funding’ rewards, these data sources are various pools. This is made up of three participants

Funders: provide $KYVE tokens to fund a pool, this signals demand to have valid & archived data.

Validators: The Protocol Node operators, they collect data from a data source, bundling and uploading them to Arweave and verifying it.

Delegators: lend $KYVE tokens to validators, allowing the delegate to earn a share of the rewards and the operator to earn more in commission.

Consensus Nodes - Kyve Chain: Chain-Nodes are the backbone of KYVE. The chain layer is a completely sovereign Proof of Stake blockchain built on Cosmos SDK with Ignite, the chain node is the consensus layer of KYVE which handles security/consensus and settlement of KYVE. Chain Node operators run validator nodes to earn network fees and Kyve issuance rewards, $KYVE token holders can delegate to chain node validators to earn a share while allowing node operators to increase their rewards with commission.

Wallet and Tokens

We can get our hands on TESTNET $KYVE (if you haven’t already), this has NO VALUE, but you can get familiar with Kyve Network and test out the various mechanics to prepare, things may change slightly come mainnet when Kyve is economically live.

Download Keplr wallet for chrome

Keplr is an IBC enabled wallet for cosmos app-chains, Kyve network is built with cosmos SDK

Add the extension to chrome, or chromium browser such as brave

Follow the steps to ‘create a new account’, this will display your ‘seed phrase’ it’s important that you back this up, as its the only way to recover your wallet.

you will be asked to provide an account name and password, this can be whatever you want, confirm your seed phrase which you should have backed up (its best to back up on paper) your wallet can always be restored from the ‘seed phrase’

Connect to Korellia Network

we need to add the Kyve Korellia Network to Keplr, head over to Kyve app which can be found on kyve.network

This will prompt you to confirm connection on Keplr, there will be two requests click ‘approve’ on both

Get some Testnet Tokens from the Faucet

If you go to Faucet, allows you to claim up to 300 KYVE after connecting your twitter account.

Make sure your wallet it connected, click ‘share on twitter’ to connect your account and tweet the pre-compiled message, once done copy the URL of the tweet paste the link in the bar to claim your tokens.

Delegate to Protocol Nodes

Pools

Head back to kyve.network and then over to Pools (on the left)

Select from multiple pools of your choosing. We are currently Operating a Protocol node on the Polkadot Pool, this may change from writing 12/8/22 but will announce any changes.

Look for us under Pool Validators and click on Delegate on the right. You can find us on this pool or any pool we operate on by searching for stakecat.space

Delegate to Kyve Chain Nodes

Head over to Kyve chain Explorer and find the ‘Staking’ tab on the left.

Here we can find the active validators for Kyve chain

Connect Wallet

With Keplr Installed from before, click on ‘wallet’ on the right corner, then ‘accounts’ it will bring up the screen below, where you can ‘Connect Wallet’ to your Keplr extension.

Delegate to Validator

Now back to Validators (Korellia>Staking), you can now select a validator to delegate too by clicking on the ‘Delegate’ to the right.

Amount: Input the amount of KYVE to stake

The Fee: if the transaction doesn’t succeed, you might need a higher fee, make sure you are using the latest version of Keplr

Wallet: make sure Keplr is selected

Then Click send, Approve the Transaction that prompts in Keplr, after a few minutes you can see your staked amount on your wallet or by heading to your wallet>my delegations, where you can withdraw rewards or undelegate.