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Frequently Asked Questions
Here are answers to some of the questions our community has asked us. Get in touch if there's more you would like to know.
Kusama is an early, unaudited and unrefined release of Polkadot. It launched on August 23, 2019.
New blocks on Kusama are proposed by validators. To enable Kusama to run seamlessly, validators need the technical capabilities to offer a secure, always on infrastructure.
Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.
By delegating KSM, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to KSM for some time, delegating will help you accumulate more KSM while contributing to the health of the network.
Staking rewards will expire in 21 days on Kusama. Delegators must claim their staking rewards by submitting a claim transaction within 21 days.
You are not giving away ownership of KSM by delegating. As a validator, stakefish will never have the ability to move your KSM.
Undelegating (also called unbonding or unstaking) can be done anytime. However, it takes approximately 7 days for your KSM to undelegate and become transferable.
We charge 4% from the block rewards received by our delegators. For example, if a delegator receives 100 KSM as a reward, stakefish will receive 4 KSM while the delegator will get 96 KSM.
If you have any questions about staking or our validator services, please do not hesitate to reach out to us. We are happy to talk with anyone and help navigate community members through this exciting new ecosystem.Get in Touch