When staking Vara (VARA) you are securing the network with the additional benefit of compounding your VARA!
Staking VARA is the process of holding VARA "stake" to partake and support the operations in the Vara 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, experience, and have a significant self-bond (surety bond).
This is where P2P Validator comes in, we allow VARA 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 indexer, receiving and allocating staking rewards between our users pro rata for the delegation.
Investors that chose to stake with P2P maintain full custody of their VARA at all times and P2P will never have access to them.
Example:
Let's assume the APR for staking VARA is 15% with a fee of 10%, and 1000 VARA are delegated to P2P.
Reward: 1000*15% = 150 VARA
Fee = 150*10% = 15 VARA
Estimated balance after 1 year = 1000+150-15 = 1135 VARA
By simply delegating my 1000 VARA as I hold it, I will have supported the network and earned an additional 135 VARA after 1 year.
To find out today's APR and a fees for VARA, visit P2P Staking Rewards and fees.
Please keep in mind that the APR and Fee specified are approximate and changes along with network conditions.
For more information on staking Vara (VARA) with P2P.org, visit https://p2p.org/networks/vara.
For additional staking support, visit the P2P VARA 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].