When staking Elrond(EGLD) you are securing the network with the additional benefit of compounding your EGLD!
Staking EGLD is the process of holding EGLD "stake" to partake and support the operations in the EGLD 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 and experience.
This is where P2P Validator comes in, we allow EGLD 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 maintain full custody of their EGLD at all times and P2P will never have access to them.
The current APR for staking EGLD is 13% with a fee of 10% and I delegate 1000 EGLD to P2P:
Reward: 1000*13% = 130 EGLD
Fee = 130*10% = 13 EGLD
Estimated balance after 1 year = 1000 + 130 - 13 = 1117 EGLD
By simply delegating my 1000 EGLD as I hold it, I will have supported the network and earned an additional 117 EGLD after 1 year.
Please keep in mind that the APR specified are approximate and changes along with network conditions.
For more information on staking Elrond (EGLD) with P2P Validator, visit p2p.org/elrond.
For additional staking support, visit the P2P Elrond support center.
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