Skale is an open-source, Proof-of-Stake security and execution Layer 2 network connected to the Ethereum public mainnet. Skale enables decentralized applications (dApps) to scale through highly configurable sidechains that are instantly compatible with Ethereum and its ecosystem. Skale focuses on improving the overall UX, increasing throughput, ecosystem interoperability and, lower transaction fees.
Visit HomepageLearn the basics of the Skale blockchain and quickly ramp up your knowledge about the network with these selected pieces of content.
These guides and tutorials help you stake your SKL token on the Skale blockchain using several tools.
With these tools & resources, you can manage your SKL token and analyze the Skale network.
Browse through a selection of Skale-related content such as videos, blogs, podcast episodes and more!
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Once you have staked your SKL, you are contributing to the network's security. In return, you will receive rewards in the form of newly minted SKL. Conversely, if you do not participate in staking, your assets will get diluted over time.
Slashing will be fully enforced soon. Both, validators and their delegators can then be subject to slashing. Malicious behavior (e.g. signing two blocks at the same time) will be punished with a 100% slash. Poor performance (e.g. being offline for +24h) is punished with a bounty reduction. In case of a severe slashing event, the funds are placed in an ESCROW and "an analysis will be done on whether the validator indeed attempted to act maliciously or if it’s a code issue. If there is no malicious behavior found by the community representatives, delegated tokens will be refunded." (Source)
Therefore, we advice you to carefully choose your validator. Please note, that the costs for running a secure and professional validator need to be covered by the commission rate. Hence, it is worthwhile to accept a certain amount of commission in order to secure your profits and minimize the risk of punishment.
You receive your staking rewards within a few days after the end of every epoch (= calender month).
Yes, staking rewards accrue automatically in your account within a few days after the end of every epoch (= calender month).
Your stake remains locked until the end of your chosen staking period. After that period concludes, your tokens are liquid and can be sold. Please note that within the Consensys Codefi Activate platform your staking period is renewed by default every time it concludes. You can change this within the "Token Inventory" menu of the "Staking" section on Activate.
