When staking Moonriver (MOVR) you are securing the network with the additional benefit of compounding your MOVR!
Staking MOVR is the process of holding MOVR "stake" to partake and support the operations in the Moonbeam network to receive rewards. In order to be a "Collator" 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 MOVR 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 MOVR at all times and P2P will never have access to them.
I delegate 1000 MOVR to P2P. The current APR for staking MOVR is approximately 30% and the fee is 20%.
Reward: 1000*30% = 300 MOVR
Fee = 300*20% = 60 MOVR
Estimated balance after 1 year = 1000+300-60 = 1240 MOVR
By simply delegating my 1000 MOVR as I hold it, I will have supported the network and earned an additional 240 MOVR 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 Moonriver (MOVR) with P2P Validator and our special offer for large MOVR delegations, visit https://p2p.org/moonriver.
For additional staking support, visit the P2P Moonriver support center.
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