When staking Mina (MINA) you are supporting the network with the additional benefit of compounding your MINA!
Staking MINA is the process of holding a MINA "stake" to participate in and support the operations in the Mina 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 amount of MINA stake.
This is where the P2P.org Validator comes in. We allow Mina 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' stakes and act as a major validation node, receiving and allocating staking rewards between our user's pro rata to the delegation.
Users that choose to stake with P2P maintain full custody of their MINA at all times, and P2P will never have access to them.
Example:
Let's assume the current APR for staking MINA is approximately 20%, the fee is 8% and 1000 MINA are delegated to P2P.org:
Reward: 1000*20% = 200 MINA
Fee = 200*8% = 16 MINA
Estimated balance after 1 year = 1000+200-16 = 1184 MINA
By simply delegating my 1000 MINA as I hold it, I will have supported the network and earned an additional 184 MINA after 1 year.
To find out today's APR and fees for MINA, visit P2P Staking Rewards and fees.
The APR specified is approximate and changes with network conditions. Please keep in mind that each reward payout varies depending on the number of slots assigned to block producers.
For more information on staking Mina (MINA) with P2P.org, visit https://p2p.org/mina.
For additional staking support, visit the P2P Mina 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].