When staking Flow (FLOW) you are supporting the network with the additional benefit of compounding your FLOW!
Staking is a method of operating and securing the network. It is the process of holding FLOW in order to earn rights to participate in the "validation" of transaction blocks, and in doing so "Validators" are recompensed with 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 FLOW stake.
This is where P2P Validator comes in, we allow FLOW token holders to participate in staking without all the heavy lifting i.e maintenance, surety bonds etc. by "delegating" their FLOW to P2P. 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 FLOW at all times and P2P will never have access to them.
I delegate 1000 FLOW to P2P. The current APR for staking FLOW is approximately 5-10% and the fee is 8%.
Reward: 1000*10% = 100 FLOW
Fee = 100*8% = 8 FLOW
Estimated balance after 1 year = 1000+100-8 = 1092 FLOW
By simply delegating my 1000 FLOW as I hold it, I will have supported the network and earned an additional 92 FLOW after 1 year.
The APR specified is approximate as it is dependent on the overall amount of FLOW being staked in the network. 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 Flow (FLOW) with P2P Validator visit https://p2p.org/flow.
For additional staking support, visit the P2P Flow staking support
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