Delegation is a process that facilitates efficient governance, consensus and operational management in a blockchain.
A participant in the network - a delegator - assigns their voting rights, governance power, and/or staking responsibilities to another participant, referred to as the delegate. This is often a validator of the network.
This process allows every token holder to participate in the staking process without running their own validator. The validator receives yields from the staking process for validating transactions directly. Then the validator shares a portion of the corresponding rewards with each delegator while taking a percentage of the rewards for being the delegate. Each validator can adjust the commission percentage to incentivize more participants to become delegators.
In Kima, delegation locks the tokens for a period of time. This prevents misuse of the delegation and instant withdrawals after receiving rewards or participating in network decisions.
In this guide, you will learn how to delegate tokens to a validator using the Kima explorer.
Testnet explorer Mainnet explorer t/c
From the left sidebar, select Validators.
Connect your wallet by clicking the Connect Keplr button on the top right corner.
Keplr will now prompt you to add the Kima network (mainnet or testnet) to your wallet's chain registry. To complete the operation, click the Approve button.
You should now see your Kima address instead of Connect Keplr in the top right corner.
Keplr requires an extra step to display the KIMA network so you can view your tokens. From the extensions panel in Chrome, click on the Keplr extension and select the hamburger icon in the top left corner.
In the menu, select Settings.
On the next screen, select General.
Next, scroll down until you reach the Manage Chain Visibility button and click it.
This will open a new tab. In the search box, type kima for mainnet or kima-testnet for the testnet. and it should show the relevant network, along with your $KIMA tokens. Select it by clicking the checkbox and click Save.
You should now be able to see your $KIMA balance in your wallet.
Select one of the available validators in the Kima explorer and click on the Delegate button.
Enter the amount of $KIMA that you want to delegate. Ensure that you have sufficient balance for both the delegation amount and the fees for sending the transaction to the network. To confirm the delegation, click Submit.
You will now be prompted to approve the transaction. You will see the following information (numbers are examples):
Method to execute: Stake
Amount of tokens: 10 $KIMA
Transaction fees: 0.05 $KIMA
Check all details, then click Approve and wait for the transaction to complete.
You should now see a success message, along with the transaction hash of the delegation.
To see further transaction details, you can click on the transaction hash, which will take you to the transaction details within the explorer.
There you can view details such as:
Minimum period 30 days
Minimum delegation >0
Unbonding lockup period 7 days
Commission fee X%
Estimated APY minimum guarantee + rewards
Exit before period ends - no commission paid
Add KIMA to delegation will reset the period timer
Finally you can see your delegated stake in the overview page of the explorer.
Ensure that the Kima network is operational and that there are no ongoing issues or outages.
Double-check the validator’s details before delegating to avoid any mistakes.
Make sure you have enough tokens to cover both the delegation amount and any associated network fees.
Welcome to the Delegation documentation section. This guide covers everything you need to know about delegating to a validator, including the benefits, technical workings, and step-by-step instructions.
Delegating your $KIMA tokens has multiple benefits. Most of these are related to enhancing network security, reducing operation complexity and increasing participation.
Delegation allows for a wider distribution of decision-making power and staking responsibilities, thus reducing centralization.
A delegator who may not have the required technical expertise or resources to run a validator node can still participate in staking. Additionally, the amount required to run a validator often exceeds the funds a typical user might hold.
Delegation also allows delegators to diversify their portfolios by designating some tokens for delegation while keeping others for active trading or investment.
Delegators can participate in network decisions without having to manage the technical aspects of voting or governance. They can rely on validators to handle these aspects while still staking their tokens to influence network decisions.
In this guide, you will learn how to set up a wallet and add funds to it. This process can vary depending on whether you're using the mainnet or testnet. We'll cover the following scenarios:
Setting up a wallet
Using a faucet (testnet only)
Some wallet options are Keplr (recommended), Station and Leap.
Then select your preferred browser/device. This guide shows the installation process using Google Chrome.
Add the wallet as a Chrome extension. To minimize risk, always verify that the team behind the extension corresponds with the Keplr app.
Click the Add to Chrome button and wait for the extension to open a new tab with the setup steps. Click the Create a new wallet button to begin the setup.
This will prompt you to choose a wallet creation method.
Read the security concerns about creating a new wallet using a recovery phrase carefully, and click 'I understood. Show my phrase.' Store that phrase in a secure place where only you can access it.
Now enter the words requested from your recovery phrase, add a name and a password to your wallet, then click Next.
Select the default networks and the setup will be completed.
Note that this step applies to the testnet only.
Kima has available faucets for both its native token ($KIMA) and the USDK stablecoin. To delegate on the testnet, you need to have $KIMA to execute the transaction and send the delegated amount.
For further reference, please visit the Kima Faucets documentation.)
If you are planning to undelegate for the purpose of switching validators, unstaking funds to use elsewhere, or just taking a break, follow the steps below. When you undelegate your tokens on the Kima network, they enter an Unbonding period of 21 days, which means they are locked until the period ends before being transferred back to your wallet. This ensures commitment to the KIMA network and prevent abuse and misuse of the delegation process.
This guide assumes you have previously delegated tokens on Kima.
Go to the KIMA explorer and click the Connect Keplr button.
Testnet explorer Mainnet explorer t/c
Approve the prompts.
In the explorer, click the Overview tab in the left sidebar of the home screen.
Scroll down until you can see the Delegations section. There, you should be able to see a summary of your delegated stake among the available validators.
Look for the delegated stake that you plan to undelegate and click on the Undelegate button.
Enter the amount of $KIMA you want to undelegate and click on Submit.
You will be prompted to approve the transaction. To confirm, click on Approve.
In the Delegations section, you should see that you no longer have any delegated stake. Your undelegated tokens will be in the Unbonding period.
After this period, you will be able to view your tokens in your wallet.
