Staking(KAIA)
Last updated
Last updated
Swapscanner, a proud member of the Kaia Governance Council (GC), operates its own Kaia mainnet node. With the independence of the Kaia Foundation, the role of the GC as a key player and watchdog within the ecosystem has become more critical than ever. To facilitate widespread participation in GC activities among numerous KAIA holders, Swapscanner offers an official KAIA Staking service, ensuring an inclusive and robust ecosystem engagement.
GCKAIA stands for Governance Council KAIA and is the name for the official KAIA single staking service created by Swapscanner. It also refers to the staking assurance token that guarantees a 1:1 ratio or better when staking KAIA.
Swapscanner’s Navigator engine, known for its unparalleled performance in offering the lowest-cost token swap routes, extends its capabilities to KAIA staking. Unlike traditional staking services that merely deposit into a contract, Swapscanner employs two innovative methods:
Basic staking, where KAIA is deposited into a contract in exchange for GCKAIA tokens on a 1:1 basis.
Real-time analysis of the most cost-effective routes for swapping KAIA for GCKAIA directly in the market.
This approach ensures that stakers receive GCKAIA at the most favorable exchange rate through a single click.
The official KAIA staking service mandates a 7-day lockup period for unstaking, posing significant inconveniences for investors. Swapscanner introduces two unique unstaking methods to circumvent this lockup period:
Immediate swap (withdrawal) through the GCKAIA pool, supported by a substantial initial liquidity supply in the Pangea DEX GCKAIA-KAIA pool by the Swapscanner team.
GCKAIA Unstaking NFT, an NFT issued upon unstaking GCKAIA, representing the right to exchange the staked KAIA amount after the 7-day lockup period.
Swapscanner enables KAIA holders to participate in the Kaia ecosystem governance by delegating GC voting rights to them. This initiative aims to reflect the voices of a broader range of KAIA holders in the decision-making processes, promoting a more decentralized and improved ecosystem.
Following the Kaia hard fork update on April 17, 2023, the interest rate disparity among nodes was eliminated, making the selection of a reliable service provider paramount for asset security. Swapscanner, commanding over 50% to 70% of all Kaia token transactions since its launch in January 2022, has facilitated approximately 4.8 trillion KRW in transactions without issue, establishing itself as the most trusted and necessary service for the ecosystem and investors alike.
The fee is 10% of the staking interest.
No staking rewards will be paid during the 7-day period after selecting unstaking (7 days) until the lockup is released.
If 14 days pass after an unstaking request, it will automatically be restaked.
GCKAIA unstaking NFTs will be automatically destroyed if KAIA is withdrawn in any manner within 14 days after the unstaking request. After 14 days, it changes to an "expired" state and is not destroyed but restaked.
Reward status can be checked on the Staking page.
