Lava (LAVA) Staking

How to Stake LAVA (via DAIC)

1. Navigate to our site https://daic.capital/staking/lava
2. In the “Stake Now” section of the page click “Connect Wallet” to connect your favourite wallet.

1. Enter the amount you want to stake and click the “Stake LAVA” button.

1. Approve the transaction in your wallet.
2. Congratulations! Your LAVA tokens have been staked!

About LAVA (LAVA)

Lava Network is a decentralized platform that revolutionizes blockchain data access by providing decentralized Remote Procedure Call (RPC) services across multiple blockchains. Built on the Cosmos SDK, Lava Network enhances scalability and ensures data reliability, enabling developers to build robust Web3 applications with ease.

The platform introduces a competitive marketplace for data providers, rewarding them based on the quality of service. This incentivized ecosystem fosters a diverse and competitive environment, enhancing data reliability, security, and affordability for all users.

Lava Network currently supports over 30 blockchains and handles billions of RPC requests daily, demonstrating its capability to serve a wide range of decentralized applications. The native LAVA token powers the network, facilitating transaction fees, staking, and governance, thereby aligning the interests of all participants within the ecosystem.

What Makes Lava Network Special?

Lava Network distinguishes itself by addressing the critical bottleneck of data accessibility in the blockchain space. By decentralizing the provision of RPC services, it distributes control, improves security, and creates a more transparent and fair ecosystem for all Web3 users.

The platform's modular architecture ensures reliable, scalable, and permissionless access to blockchain data, facilitating seamless communication between decentralized applications and various blockchains. This design fosters efficient coordination between data providers, consumers, and validators, ensuring optimal performance across diverse blockchain networks.

By serving as a unified data access layer for Web3, Lava Network consolidates all providers and chains into a single, convenient platform. This approach eliminates the need for manual provider selection and offers a diverse range of APIs and chains, significantly enhancing the developer experience and enabling seamless integration of applications with a vast network of RPC nodes.

Links:

• Website
• Github
• Blog
• Explorer
• Twitter
• Discord
• Whitepaper
• Forum

Learn More About LAVA

• Lava Network: A New Era of Blockchain Data Access
• Lava Network: The Missing Piece in the Web3 Puzzle

LAVA Staking FAQ

How much can I make staking LAVA?

The return from staking LAVA varies based on the network's overall staking participation and specific validator commission

How do I receive my LAVA rewards?

LAVA rewards need to be claimed. Visit the Keplr dashboard to claim your staking rewards

When can I start earning rewards with LAVA?

You can start earning staking rewards once your LAVA tokens are successfully delegated to a validator

Can I sell LAVA while it is locked up?

Staked AKT tokens cannot be sold, they need to be unstaked first. The unstaking period for LAVA is 21 days

What are the risks around staking LAVA?

Staking LAVA comes with risks like slashing (penalty for a malicious validator), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does LAVA use?

Decentralized proof of stake