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Kaia Sets Nov. 17 Start Date for Manual Staking Migration

Kaia Portal will take withdrawal applications from that date, while withdrawals and deposits into new contracts are scheduled to open Nov. 26.

An unmarked metal token rests between two ceramic staking vessels / TokenPost.ai
An unmarked metal token rests between two ceramic staking vessels / TokenPost.ai

Existing public-delegation stakes in Kaia will need manual migration as Kaia transitions to a permissionless network, with withdrawal applications opening Nov. 17 and new staking deposits scheduled to start later that month.

Existing stakes will not move automatically. Kaia Portal will open a migration menu on Nov. 17 and accept withdrawal applications through it. Kaia plans to publish a detailed user guide Nov. 13; withdrawals from old contracts and redeposits into new staking contracts are scheduled to open Nov. 26.

The required process is to apply, wait seven days, withdraw KAIA and stake it in a new contract. Submitting an application does not complete the migration. The Portal menu will direct users to the new contract associated with the GC to which they currently delegate.

The transition also includes deploying new staking contracts and executing a network hard fork. CR Mission 1 participants who complete the migration on schedule will retain their staking contribution recognition.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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