Delegations for Kii

Delegations for Kii Upon the launch of Kii, the platform will initially offer a single wallet option for users to delegate their voting power. This wallet will be owned and managed by Kinetic, ensuring a secure and reliable delegation process for community members while the community structure is being established. The primary goal of this approach is to mitigate the risk associated with delegation wallets potentially unstaking during the early stages of the community’s development.

Once a user has delegated their voting power to the delegation wallet, their delegation will remain active and does not require re-signing or re-delegation for each 45-day staking cycle. This convenience allows users to participate in the staking process without the need for continuous management of their delegation status.

However, users have the flexibility to remove the delegation of their voting power at any time. It is important to note that removing delegation will terminate the user’s earning potential for the remainder of the current staking cycle, unless they choose to vote independently.

To compensate for the services provided by the delegated address, a delegation fee of 10% of the claimable rewards will be awarded to the delegated address during each staking cycle. This fee structure ensures that the delegated address is incentivized to maintain a secure and efficient delegation process for the benefit of all participating users.