Access to Various Applications
Staking JKL to Secure the Blockchain
Participate in the Jackal Governance Process
Inexpensive On-Chain Transactions
Decentralized Collateral for Various Use-Cases
Access Data Storage
If you possess JKL tokens, you can temporarily lock them away to secure the protocol, this is called staking or delegating. In exchange for securing the network, you receive rewards and the ability to vote on the Protocol’s future.
Staking or delegating is not risk free, this is why it is important to learn about the risks and participate in sustainable staking practices.
To decrease risk, it’s recommended that you do research on validators and select one you trust as well as delegate to multiple validators.
Slashing by 0.01% occurs if the validator you delegate to is offline for too long.
Slashing by 5% occurs if the validator signs two different blocks at the same block height.
A simple proposal that does not alter any source code, such as opinion polls.
Validators update their software as per the proposal specifications.
The network's parameters, like the maximum validator count, are modified.
If accepted, the proposed amount will be transferred to the proposers wallet relative to the funding schedule.
Proposal aims to halt software updates if they are deemed malicious or have bypassed community governance.
Join the Jackal community of users and builders.