Frequently asked questions about staking and liquid staking.
Risks
🚨What are the risks of liquid staking on Karura?
Like other users that participate in staking, users that utilize liquid staking are subject to slash risk. This could result in users losing a portion of their staked tokens if their validator gets slashed. You can read more about slashing risks here.
Indicative staking yields can be found on Karura Apps.
How do I see my staking rewards?
We're currently working on ways to give users more visibility into their staking rewards. Rest assured, you are earning staking rewards through your LKSM.
What is the minimum amount required to stake?
Users must stake at least 0.1002 KSM in order to generate LKSM.
How do I unstake my KSM?
Users can go to the Liduid Staking tab and select Unstake and then proceed through the prompts.
Note that the unstaking fee is higher when selecting Unstake Immediately. This is equivalent to selling LKSM for KSM on Karura Swap and hence the 0.30% fee.
Am I able to select my own validators?
Currently, Karura Apps does not offer the ability to select your own validators. The Karura Council oversees the validator selection for all LKSM users. You can learn more here.
You can see a list of the current validator group here.
Who are the validators for LKSM?
You can see a list of the current validator group here.
Can I use my LKSM to contribute to a crowloan?
No.
Can I use my LKSM to participate in Kusama governance?
No.
Am I able to use my LKSM as collateral?
Yes. You can use your LKSM as collateral to mint kUSD.
