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When you deposit your tokens/coins to a Staking Pool, used by a Validator, in order to gain a reward.

  • When you have staked some coins are not able to access those coins or use them for any other purpose.
  • The reward is usually set at a percentage of your ‘stake’ paid over a fixed period of time. In most cases, it is stated as an APY.
  • In many cases, you can unstake your coins whenever you wish but in some special cases you have to commit your coins for long periods (eg 96 months!)
  • Whilst staked the value of your coins can still go up and down!