When staking Near (NEAR) you are securing the network with the additional benefit of compounding your NEAR!
Staking NEAR is the process of holding NEAR "stake" to partake and support the operations in the Near 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 NEAR token holders to forget about all the heavy lifting i.e maintenance, surety bonds etc. by "delegating" their holdings to P2P who will act as a major validation node, generating rewards for users pro rata to the delegation.
Users that chose to stake with P2P maintain full custody of their NEAR at all times and P2P will never have access to them.
The current APR for NEAR is 11% with a fee of 7% and I delegate 1000 NEAR to P2P:
Reward = 1000*11% = 110 NEAR
Fee = 112*7% = 7.7 NEAR
Estimated balance after 1 year = 1000+110-7.7 = 1102.3 NEAR
By simply delegating my 1000 NEAR as I hold it, I will have supported the network and earned an additional 102.3 NEAR after 1 year.
Please keep in mind that the APR specified are approximate and changes along with network conditions.
For more information on staking Near (NEAR) with P2P Validator and our special offer for large NEAR delegations, visit https://p2p.org/near.
For additional staking support, visit the P2P Near support centre.
You may also be interested to read:
You can also get in contact with our community on telegram or with a live agent by selecting the speech bubble on the bottom right of this page.