When staking Mina (MINA) you are supporting the network with the additional benefit of compounding your MINA!
Staking MINA is the process of holding MINA "stake" to partake and support the operations in the Mina 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 amount of MINA stake.
This is where P2P Validator comes in, we allow Mina 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 MINA at all times and P2P will never have access to them.
I delegate 1000 MINA to P2P. The current APR for staking MINA is approximately 24% (for unlocked tokens due to supercharged block rewards) and the fee is 8%.
Reward: 1000*24% = 240 MINA
Fee = 240*8% = 19.2 MINA
Estimated balance after 1 year = 1000+240-19.2 = 1220.8 MINA
By simply delegating my 1000 MINA as I hold it, I will have supported the network and earned an additional 220.8 MINA after 1 year.
The APR 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 Mina (MINA) with P2P Validator and our special offer for large MINA delegations, visit https://p2p.org/mina.
For additional staking support, visit the P2P Mina support center.
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