Klever rewards users in two distinct ways within Klever Wallet (K5). These can be either in staking of tokens or as a result of delegation of staked tokens to successful validator nodes within the network.
When you stake your KLV tokens, you will earn staking rewards starting from the next epoch. You can also delegate your staked KLV to a validator and earn delegation rewards.
The validators are nodes created within the network to help keep the network stable and secure. Interestingly, KleverChain validators have grown in their numbers in an exponential number.
Note, if you would like to delegate your KLV to several validators, then you must split your KLV in buckets and stake several times, a bucket at a time.
For every transaction that is processed within the KleverChain, there is a transaction fee of 2 KLV. These include the process of claiming rewards for the users because of either the staking or delegated rewards.
It is also worth noting that when users get their rewards for delegating their staked tokens to validators, they would have a period of 25 days (100 Epoch) to claim such rewards otherwise they lose such rewards.
The steps for claiming rewards are as follows:
- Step 1: Open your wallet
- Step 2: Select staking button on the K5 Wallet
- Step 3: Select the token from which you intend to redeem your rewards.
- Step 4: Select the claim button
- Step 5: Select the rewards to claim from into your wallet (Staking or /and delegations). Users can claim both rewards.
- Step 6: Confirm transactions and rewards are sent to your Wallet directly.
