When staking Moonbeam (GLMR) you are securing the network with the additional benefit of compounding your GLMR!
Staking GLMR is the process of holding GLMR "stake" to partake and support the operations in the Moonbeam network to receive rewards. In order to be a "Collator" 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 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' 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 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 fee of 20%, 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 a fees for GLMR, visit P2P Staking Rewards and fees.
The APR and Fee specified are approximate and changes along with network conditions. Please keep in mind that each reward payout varies as they depend on the amount of slots assigned to block producers.
For more information on staking Moonbeam (GLMR) with P2P Validator and our special offer for large GLMR delegations, visit https://p2p.org/networks/moonbeam.
For additional staking support, visit the P2P Moonbeam support center.
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