When staking Moonbeam (GLMR) you are securing the network with the additional benefit of compounding your GLMR!
Staking GLMR is the process of holding a GLMR "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 GLMR 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 that choose to stake with P2P maintain full custody of their GLMR at all times, and P2P will never have access to them.
Example:
Let's assume the APR for staking GLMR is 10% with a 20% fee, and 1000 GLMR is delegated to P2P.
Reward: 1000*10% = 100 GLMR
Fee = 100*20% = 20 GLMR
Estimated balance after 1 year = 1000+100-20 = 1080 GLMR
By simply delegating my 1000 GLMR as I hold it, I will have supported the network and earned an additional 80 GLMR after 1 year.
To find out today's APR and fees for GLMR, visit P2P Staking Rewards and fees.
The APR and Fee specified are approximate and change 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 Moonbeam (GLMR) with P2P.org, visit https://p2p.org/networks/moonbeam.
For additional staking support, visit the P2P Moonbeam 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].