Frequently asked questions about staking and liquid staking.
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.
Yes. Karura Apps offers simple, one-click staking.
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.
Users must stake at least 0.1002 KSM in order to generate LKSM.
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.
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.
Yes. You can use your LKSM as collateral to mint kUSD.