What is Moonriver (MOVR) Staking?

Support Moonbeam and earn interest by staking MOVR

M
Written by Mike
Updated over a week ago

When staking Moonriver (MOVR) you are securing the network with the additional benefit of compounding your MOVR!

Staking MOVR is the process of holding MOVR "stake" to participate in and support the operations in the Moonbeam network and receive rewards. To be a "Collator" 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 Validator comes in. We allow MOVR 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 users' pro rata to the delegation.

Users who choose to stake with P2P maintain full custody of their MOVR at all times, and P2P will never have access to it.

Example:

Let's assume the current APR for staking MOVR is approximately 30%, the fee is 20% and 1000 MOVR are delegated to P2P.org"


Reward: 1000*30% = 300 MOVR
Fee = 300*20% = 60 MOVR
Estimated balance after 1 year = 1000+300-60 = 1240 MOVR

By simply delegating my 1000 MOVR as I hold it, I will have supported the network and earned an additional 240 MOVR after 1 year.
To find out today's APR and fees for MOVR, 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 Moonriver (MOVR) with P2P.org, visit https://p2p.org/moonriver.

For additional staking support, visit the P2P Moonriver 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].

Did this answer your question?