When staking Cosmos (ATOM) you are supporting the network with the additional benefit of compounding your ATOM!
Staking ATOM is the process of holding ATOM "stake" to partake and support the operations in the Cosmos network to receive rewards. In order to be a "Validator" and participate in these operations, one is required to maintain a server running continuously, technological knowhow, experience, and have a significant self-bond (surety bond).
This is where P2P Validator comes in, we allow ATOM token holders to forget about all the heavy lifting i.e maintenance, surety bonds etc. by "delegating" their holdings to P2P to receive these rewards. We accumulate users' stake and act as a major validation node, receiving and allocating staking rewards between our users pro rata to the delegation.
Users that chose to stake with P2P.org maintain full custody of their ATOM at all times and P2P.org will never have access to them.
Example:
Let's assume that the current APR for staking ATOM is 14.3% with an 8% fee, and I delegate 1000 ATOM to P2P.org.
Reward: 1000*14.3% = 143 ATOM
Fee = 143*8% = 11.44 ATOM
Estimated balance after 1 year = 1000 + 143 - 11.44 = 1131.56 ATOM
By simply delegating my 1000 ATOM as I hold it, I will have supported the network and earned an additional 131.56 ATOM after 1 year.
To find out today's APR and a fees for ATOM, visit P2P Staking Rewards and fees.
Please keep in mind that the APR and Fee specified is approximate and changes along with network conditions.
We have created a series of guides to help you get started. Find out more here.
For more information on staking Cosmos (ATOM) with P2P.org and our special offer for large ATOM delegations, visit https://p2p.org/cosmos.
For additional staking support, visit the P2P Cosmos Help Centre.
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].