Introducing Levitation Protocol: The Future of ZK Scaling

Explore the SKALE Blockchain Network

SKALE is a zero gas fee network that can run an unlimited
amount of interoperable SKALE chains that are Ethereum native.
SKALE users have saved over $3 BILLION USD in gas fees to date!

View Stats

At a Glance

51

Validator 0rgs

5,600

Network Wide TPS

24

SKALE Chains

24

S

16

M

17

L

SKALE chain nodes

157
Validator Nodes
4,370
Unique Delegators
$0
Gas Per Transaction
644.85M SKL
Rewards Distributed
blockchain token economics
Skale unstoppable domain

SKALE Statistics

Overview

[ERC-20]
PRICE
$0.12
@ 0.000045 Eth
Fully Diluted Market Cap
$ 543,745,641.90

Max Total Supply:

543,745,641.901223234...
SKL
what is staking crypto

Holders:

17,370
skale chain crypto
0.064%

Transfer:

174,370
blockchain wallet
Chart
$0.12
@ 0.000045 Eth
Price
17,370
0.064%
Holders
174,370
Transfer
Fully Diluted Market Cap
$ 543,745,641.90
Max Total Supply:
what is staking crypto
543,745,641.95...
SKL
skale eth ecosystemskale matic bridge

Gain Access to an Incredibly
Secure Network of Configurable Blockchains with the SKL Token

The SKALE token (SKL) is a hybrid-use token representing the right to work in the network as a validator, stake as a delegator, or access a share of its resources as a developer by deploying and renting a SKALE chain for a set period.

The SKL Token Serves Four Main Functions

Skale walletconnect compatible wallets

Validating, Executing, & Securing

SKL token holders (delegators) stake their SKL tokens to validators who run nodes that make the SKALE network function by validating blocks, executing smart contracts, and securing the network.

Skale web3 blockchains

Developer Subscription fees

Developers purchase their subscription access to SKALE chains (S-chains) using SKL tokens.

ethereum staking rewards

Rewards for Validators & Delegators

Rewards are accumulated monthly, based on fees paid by developers for chains and monthly inflation of tokens into the network.

Skale evm-compatible blockchains

Governance & Voting

SKL tokens will soon be used for on-chain voting, which will control all economic parameters of the SKALE Network.

Stake SKL to Secure the Network + Earn Rewards

SKL token holders (delegators) stake their SKL tokens to validators who run nodes that make the SKALE network function by validating blocks, executing smart contracts, and securing the network.

SKALE Network Stats

53

Validators

115

Active Nodes

842

Unique delegators

33% of total SKL

Allocated to validator rewards

Stake SKL Here

Go here to view the rewards calculator and compare SKL staking rewards.

Or, learn more from our staking partners below:
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Delegator FAQ

How do delegator rewards work?

staking crypto

If an SKL token holder decides to delegate SKL tokens with a validator, the delegator will receive token rewards based on the number of tokens they delegated, the commission percentage set by the validator, and the amount of time they stake for. Initially only the 2-month epoch and associated with it rewards is available. In the future delegators will receive a bonus dependent on the length of time they choose to lock up and stake. The staked tokens are locked during the selected staking period length. The longer delegators they delegate their tokens up, the more rewards they can receive. These rewards are distributed out and liquid at the end of every epoch. Once chosen, staked tokens are locked until the period they chose is complete.

What’s the unbonding period?

staking crypto

There is no unbonding period, but only a delegation period and whenever you request undelegation you need to wait until your delegation period ends, at the end of every month.

What are the risks of staking?

staking crypto

Currently, there is no actual risk to the stake, as the main penalty for validators at this phase is bounty reduction if a validator fails to stay in compliance with minimum requirements. In future network phases, the stake will be slashed if a validator exhibits malicious behavior.

Is there a minimum delegation/staking period?

staking crypto

Yes, there is a minimum delegation/staking period of 2 epochs (2 months). Additional delegation periods may be added in the future.

How can I renew delegation of my SKL tokens after the delegation period ends?

staking crypto

Your SKL tokens will automatically be redelegated to the same validator for the same delegation period, unless you choose to manually turn off automatic renewal.

How often can rewards be claimed?

staking crypto

Rewards are distributed every month and will be available for delegators to claim every 1st day of each month. More information can be found on the network bounties and delegation workflow article.

How can I calculate my staking rewards?

staking crypto

You can use the Staking Rewards Calculator.

Can validators be swapped?

staking crypto

Yes. If the delegation hasn’t been accepted yet the token holder can cancel and delegate to a new validator. If the delegation has been accepted, the delegator has to first undelegate. Then once the next epoch starts, the delegator can make a delegation request to another validator for the next epoch. In this case the delegator will loose one month of delegation. This will be changed in the future.

Can delegators choose any validators?

staking crypto

Delegators can choose to delegate their tokens to any registered SKALE validator. The main factors for delegators in choosing a validator will include the node performance, the commission rate set by the validator, and the reputation/experience of the validator. After researching validators and understanding the risks involved, delegators can decide the number of tokens they want to delegate and which validator they will delegate to. Note that validators can choose to decline individual delegations or not accept any at all, so please check on your delegation once you submit it.

Build on SKALE

The SKALE Innovator Program for developers includes grants, consulting, Marketing & PR, engineering support, QA support, and investor introductions.

Apply to the Innovator Program