Kyber to Offer Delegated Token Staking After Coming Network Upgrade

Kyber Network is adding a new staking option for token holders once a planned protocol upgrade is implemented in less than two months. Holders of Kyber Network Crystal (KNC), an Ethereum-based (ERC-20) token, will be able to delegate their tokens and voting power to StakeWith.US's staking pool, ATLAS, when the network's Katalyst upgrade is completed by the end of June.

Under the planned protocol upgrade, KNC holders will be able to vote on various protocol decisions and in return will receive rewards from network fees in the form of ether (ETH). “Kyber will be the only protocol that has a deflationary staking token with network fees paid out in ETH, an asset with monetary premium,” said Michael Ng, co-founder of StakeWith.Us.

Timeline of Kyber-network, Ethereum