November 28, 2024
How to stake Kusama Token
Kusama Staking Guide
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STAKE TOKEN
Kusama (KSM)
Kusama is Polkadot's canary network, providing a scalable and secure environment for developers to test bold innovations and decentralized projects.
APR 11.15%
Total Stake
NA
Market Cap
161.07MUSD
Token Price
9.2700 USD
How many KSM do you want to stake?
Delegation Amount
640 KSM
$0.00
Daily Earnings
0 KSM
$0.00
Monthly Earnings
0 KSM
$0.00
Yearly Earnings
0 KSM
$0.00
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Kusama is a decentralized, experimental blockchain network that serves as a testing ground for Polkadot. It allows developers to test new features and projects in a real-world environment before deploying them on Polkadot. Kusama is known for its fast-paced development and governance model.
Kusama is often referred to as Polkadot’s "canary network," meaning it’s a more experimental and flexible version of Polkadot. While both networks share similar architecture, Kusama has looser governance parameters, allowing for faster upgrades and innovation, making it ideal for early-stage projects.
KSM is the native token of the Kusama Network. It is used for staking, governance, and bonding parachains to the network. KSM holders can participate in network decisions, such as protocol upgrades and validator selection, and earn rewards by staking their tokens.
You can stake KSM tokens directly via Simply Staking by clicking the "Stake" button above. This allows you to delegate your tokens to a validator, contributing to the network’s security and governance while earning staking rewards.
To start staking Kusama and earning KSM rewards, you typically need at least ~0.1 KSM. This amount may vary slightly depending on network conditions, but it’s a friendly entry point for newcomers dipping their paws into staking.
When you unstake KSM on Kusama, your tokens enter a 7-day unbonding period. During this time, your KSM remains locked and cannot be transferred or used for rewards. Planning ahead helps keep your staking strategy smooth as silk.
Yes. When you stake your KSM (either by nominating or via a pool), you retain the ability to participate in governance: voting on referenda, electing council members, and so forth.
Risks include validator mis-behaviour (which can lead to slashing), selecting a validator that doesn’t perform well (leading to lower rewards), and the fact that staked tokens are locked through the unbonding period (so you cannot immediately access or transfer them).
While the tokens are staked (bonded), they cannot be transferred or used for other purposes (they are locked). Once you trigger unstaking, you must complete the unbonding period (around 7 days) before you regain full control.
The reward rate (APR) varies with network conditions, total stake, and validator performance. Some services quote rates in the range of ~12-15% or higher for KSM at certain times.
Kusama runs on something called Nominated Proof of Stake (NPoS). You can think of it as voting for the network’s best helpers. You “nominate” certain validator nodes by locking up (bonding) your KSM coins as support. The good news is your coins stay safely in your wallet. You’re simply lending your voting power, not handing your tokens away. NPoS lets you back multiple nodes at once. If one node starts earning lower rewards, the network will automatically move your support to a better performer, so you don’t miss out on yield.
You need to click on the “staking” link above and connect your Wallet with the Kusama Staking Dashboard. Once connected, you can delegate the desired amount and lock it by verifying in your Wallet.
You can claim your Kusama staking rewards anytime within the Kusama App at Staking > Payouts > Claim. When any user that delegates with us perform a payout, all the rewards are automatically distributed to the delegators. Thanks to that, rewards are distributed frequently, usually every few days.
The consensus mechanism used by Kusama includes a cut-off mechanism, where part of a node’s staking can be cut off if it does not perform correctly. Other risks include protocol errors, network attacks, and user mismanagement of keys. At Simply Staking we take the necessary measures to minimize the risks. Our servers run on globally load balanced, bare metal infrastructure to minimize all risks.
Simply Staking is a secure validator that has just recently been attested SOC2 Type I compliance. We own our own infrastructure and run our nodes on load balanced, globally distributed bare-metal servers.
The minimum amount needed to stake Kusama (KSM) and earn rewards is currently 0.1 KSM, although this requirement can change each era. You also need to consider the existential deposit: the minimum balance your account must keep to avoid being removed and your funds burned. To stay safe, it is recommended to keep at least 0.033 KSM in your account at all times. If you don’t have enough KSM to stake on your own, you can still earn rewards by joining a nomination pool, which allows you to participate with as little as 0.00167 KSM.
If you want to unstake your KSM, you can do it anytime using the Kusama Staking App. Just navigate to: Staking / Account Actions / Unbond Funds. - Once you request to unbond your staked KSM, the network applies a 7-day unbonding period. During this time, your tokens remain locked and won’t earn staking rewards. After the 7 days pass, your KSM will become fully liquid and available for transfers or future staking. This process protects network security while still giving you full control over your KSM holdings. Once you request to unbond your staked KSM, the network applies a 7-day unbonding period. During this time, your tokens remain locked and won’t earn staking rewards. After the 7 days pass, your KSM will become fully liquid and available for transfers or future staking. This process protects network security while still giving you full control over your KSM holdings.
Kusama treats your investments like a self-watering garden. KSM staking rewards automatically compound, increasing your potential returns over time without requiring manual intervention. Stake, relax, and let the network do the heavy lifting.
The Kusama blockchain inflation rate sits around ~10% per year. This inflation helps fuel staking rewards for validators and nominators who support network security.
Yes they can. Simply Staking offers institutional-grade Kusama staking services, designed specifically for funds, custodians, exchanges, and large token holders looking to stake KSM securely and earn reliable staking rewards. Our team provides custom validator solutions, dedicated support, and infrastructure built for high availability, security, and maximum performance. Whether you manage assets for clients or operate your own treasury, Simply Staking ensures a seamless and compliant Kusama staking experience.
How long is the KSM unstaking period? When you unstake KSM on Kusama, your tokens enter a 7-day unbonding period. During this time, your KSM remains locked and cannot be transferred or used for rewards. Planning ahead helps keep your staking strategy smooth.
The Kusama blockchain inflation rate sits around ~10% per year. This inflation helps fuel staking rewards for validators and nominators who support network security.
Yes they can. Simply Staking offers institutional-grade Kusama staking services, designed specifically for funds, custodians, exchanges, and large token holders looking to stake KSM securely and earn reliable staking rewards. Our team provides custom validator solutions, dedicated support, and infrastructure built for high availability, security, and maximum performance. Whether you manage assets for clients or operate your own treasury, Simply Staking ensures a seamless and compliant Kusama staking experience.