Users can now delegate and stake their SKL tokens with us on the Unagii platform!
Skale is an Ethereum-compatible blockchain network, designed to be interoperable where decentralized applications can scale without compromising on computation, storage, and security. The SKL token is a hybrid staking token used to secure Skale Elastic Sidechains, or for deployment and rental of a Sidechain for developers.
By delegating SKL to Stakewith.us*, users (delegators) will be able to earn inflationary rewards and fees paid by Dapps. Inflation is set at 9.3% for the first year with an estimated reward rate between 9.9% to 29.71% based on participation and staking duration.
How to stake?
1. Sign up and connect wallet
2. Delegate and stake min. 10,000 SKL tokens
3. Earn SKL rewards!
What can you do?
Users can stake a min. of 10,000 SKL tokens, track the amount of SKL staked with us, redelegate to us, claim rewards, unstake, and monitor unbonding SKL assets. Stakers will currently be able to stake for 2 months (recurring) and earn rewards every epoch (one month).
*Stakewith.us is the official validator and team behind Unagii.
About Skale Network
Skale is an Ethereum-compatible network with a leaderless consensus designed to run on an uncapped number of independent nodes, each of which will be providing resources to multiple high performance decentralized elastic blockchains.
It is the project by N.O.D.E. Foundation - the Liechtenstein Foundation that aims to advance development of Web3 technologies and make decentralized web more user friendly and accessible for developers, validators, and end users.