Aptos is a Layer 1 blockchain heavily backed by an impressive group of VC funds, a16z, Tiger Global, Katie Haun, Multicoin Capital, Coinbase Ventures, Binance Labs and PayPal Ventures. With its own programming language called Move, strong partnerships, and a focus on technology, this blockchain holds great potential for real-world applications based on interest from various tech giants. On April 20th, delegated staking was launched, and P2P.org aims to provide you with all the information you need before starting your Aptos staking journey.
When staking Aptos (APT) you are securing the network with the additional benefit of compounding your APT!
Staking Aptos is the process of holding APT "stake" to partake and support the operations in the Aptos 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 APT 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 APT at all times and P2P will never have access to them.
Example:
Let's assume the APR for staking APT is 7% with a fee of 4%, and 1000 APT are delegated to P2P.
Reward: 1000*7% = 70 APT
Fee = 70*4% = 2.8 APT
Estimated balance after 1 year = 1000+70-2.8 = 1067.2 APT
By simply delegating my 1000 APT and I hold it, I will have supported the network and earned an additional 67.2 APT after 1 year.
To find out today's APR and a fees for APT, visit P2P Staking Rewards and fees.
Please keep in mind that the APR and Fee specified is approximate and changes along with network conditions.