When staking Polkadot (DOT) you are supporting the network with the additional benefit of compounding your DOT!
Staking DOT is the process of holding DOT "stake" to partake and support the operations in the Polkadot 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 DOT token holders to forget about all the heavy lifting i.e maintenance, surety bonds etc. by "nominating" 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 DOT at all times and P2P will never have access to them.
The current APR for staking DOT is 15% with a fee of 3% and I delegate DOT to P2P:
I delegate 1000 DOT to all 16 P2P pools:
Reward: 1000*15% = 150 DOT
Fee = 150*3% = 4.5 DOT
Estimated balance after 1 year = 1000+150-4.5 = 1145.5 DOT
By simply delegating my 1000 DOT as I hold it, I will have supported the network and earned an additional 145.5 DOT after 1 year. Please keep in mind that the APR specified is approximate and changes along with network conditions.
For more information on staking Polkadot (DOT) with P2P Validator and our special offer for large DOT delegations, visit https://p2p.org/polkadot.
For additional staking support, visit the P2P Polkadot support center.
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