docs_depin/docs/depin_specs/emerging_depin_projects/kyve.md

title	description	sidebar_position
Kyve	Detailed information about Kyve	3

Kyve Network

Overview

Kyve Network is a decentralized data management solution designed to provide reliable historical data storage, validation, and accessibility for blockchains and decentralized applications (dApps). By leveraging blockchain technology, Kyve ensures that data is securely archived and easily retrievable, enhancing the scalability and integration capabilities of various blockchain ecosystems. The network offers a modular stack that includes tools like the Data Pipeline, which simplifies data import into any preferred backend without the need for coding.

Key Features

• Currency: $KYVE (native token).
• Buying Currency: $KYVE can be traded on centralized and decentralized exchanges, with Gate.io being one of the most active markets.
• Utility:
  • Payments: $KYVE is used for various transactions within the network, including staking, delegating, and funding data validation and storage.
  • Staking: Stake $KYVE to secure the network and earn rewards. Staking involves delegating tokens to validators who maintain the network's operations.
  • Governance: $KYVE holders can participate in governance by submitting and voting on proposals, influencing the network's future direction.
• Automation:
  • The network features automated processes for data validation and storage, ensuring that data is accurately archived and easily accessible.
  • Kyve's governance can modify inflation rates and introduce mechanisms such as burning transaction fees to prevent excessive inflation, showcasing decentralized control over the network's economic model.
• API: Yes. Kyve integrates with various blockchain ecosystems and provides tools like the Data Pipeline for seamless data management.
• User Perspective:
  • Developers: Benefit from Kyve's tools for decentralized data validation, immutability, and retrieval, making it easier to build and scale applications.
  • Providers: Can participate in the network by running validator nodes and earning rewards for their contributions.

How It Works

1. Data Upload and Validation:
   • Users upload data to Kyve's decentralized network, where it is validated by multiple validators to ensure accuracy and immutability.
2. Data Storage:
   • Once validated, data is securely stored on the Kyve network, making it easily accessible for future use.
3. Data Retrieval:
   • Users can retrieve data from the Kyve network, benefiting from its decentralized and trustless nature.

Staking

• Staking Requirements:
  • Users can stake $KYVE tokens to participate in network governance and earn rewards. There is no minimum staking requirement for users.
• Rewards:
  • Block Rewards: Distributed to stakers based on their contribution to network security and data validation.
  • Slashing: Malicious actors may lose staked $KYVE tokens, ensuring network integrity.

Documentation

For detailed documentation, visit Kyve Docs.

Additional Resources

• Official Website
• Community Link
• GitHub Repository

Ecosystem Components

Product	Functionality
Data Pipeline	A no-code ELT data pipeline for easy data import into any preferred backend.
KSYNC	Enables nodes to sync blocks, states, and heights from any blockchain archived and validated by Kyve.

Tokenomics

• Total Supply: 1.16B
• Max Supply: Infinite
• Distribution:
  • The distribution details of $KYVE tokens are not explicitly mentioned in the provided sources.

FAQ

1. Is it usable by the average DePIN user? Yes, Kyve Network is designed to be user-friendly, with tools like the Data Pipeline that simplify data management for both technical and non-technical users.

2. Can I pay with tokens to use the DePIN product offered by the project? Yes, $KYVE is the primary currency for transactions within the Kyve Network, including staking, delegating, and funding data validation and storage.

3. Can tokens be automatically switched from other standard tokens (e.g. ETH, BTC)? While $KYVE is the native token, users can trade it on various exchanges. However, automatic token switching (e.g., ETH to KYVE) is not natively supported on the platform but can be done through external exchanges.

4. If I would provide the service, what is my ROI, do we need to stake, etc.? Providers can earn passive income by running validator nodes and staking $KYVE tokens. The ROI depends on the amount staked and the network's reward distribution.

5. Why does the project exist, why do the people and the planet need it? Kyve Network exists to provide a decentralized solution for reliable data storage, validation, and retrieval, enhancing the scalability and integration capabilities of blockchain ecosystems.

6. Is it geo-aware? The provided sources do not explicitly mention geo-awareness, but Kyve's decentralized nature allows for global data management and compliance with local regulations.

7. Is it cost-effective? Kyve Network offers a cost-effective solution for decentralized data management, with tools like the Data Pipeline that simplify data import and retrieval.