When staking MONAD (MON), you are securing the network with the additional benefit of compounding your MON!
Staking MON is the process of holding a MON "stake" to participate in and support the operations in the MONAD network and receive rewards. To be a "validator" and participate in these operations, one must maintain a server running continuously, have technological know-how and experience, and have a significant self-bond (surety bond).
This is where the P2P.org comes in; we allow MON token holders to forget about all the heavy lifting, i.e., maintenance, surety bonds, etc., by "delegating" their holdings to P2P.org to receive these rewards. We accumulate users' stakes and act as a major validation node, receiving and allocating staking rewards between our users' pro rata to the delegation.
Users that choose to stake with P2P.org maintain full custody of their MON at all times, and P2P.org will never have access to them.
Example:
Let's assume the current NRR for staking MON is 14% with a fee of 10% and 1000 MON are delegated to P2P.org:
Reward: 1000*14% = 140 MON
Fee = 140*10% = 14 MON
Estimated balance after 1 year = 1000+140-14 = 1126 MON
By simply delegating my 1000 MON as I hold it, I will have supported the network and earned an additional 126 MON after 1 year.
To find out the current NRR and fees for MON, visit P2P Staking Rewards and fees.
Please keep in mind that the NRR specified is approximate and changes along with network conditions.
For more information on staking MONAD (MON) with P2P.org and our special offer for large MON delegations, visit https://www.p2p.org/networks/monad
For additional staking support, visit the P2P.org MON Help Center.
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].