KYVE Network is a decentralized data lake built on the Cosmos SDK, designed to be a trustless hub for valid on-chain and off-chain data, particularly for Cosmos-based networks. It launched its mainnet in 2023. This staking-based protocol ensures data integrity and availability by decentralizing validation, immutability, and retrieval processes. KYVE provides tooling that simplifies access to reliable data, making it a public good for developers and applications needing verifiable information.
By staking to an FCS node, you agree to the Finoa Consensus Services Terms and Conditions.
The KYVE token has several functions:
KYVE is an inflationary currency with no supply cap. However, if there’s high network activity, inflation is counterbalanced by fee burning. Learn more about inflation on KYVE.
To ensure that validators are behaving according to the rules of the protocol, most Proof-of-Stake networks enforce punishments via slashing. KYVE tokens can get slashed (i.e., by burning or seizing) if:
You maintain full custody of your tokens when delegating your KYVE tokens to the Finoa Consensus Services validator.
Finoa’s KYVE validator is run by Finoa Consensus Services.
Founded in 2022, Finoa Consensus Services (FCS) is Finoa’s first subsidiary. FCS develops blockchain infrastructure and distributed validator technology that secures decentralized networks and maximizes institutional investors’ capital efficiency.
By staking to an FCS node, you agree to the Finoa Consensus Services Terms and Conditions.