How does staking work with Theta Fuel?
Staking with Theta Fuel is a way for users to earn rewards for helping to secure the network.
Staking involves locking up a certain amount of Theta Fuel tokens in a wallet and running a validator node. This node will help to validate transactions on the network and will be rewarded with new Theta Fuel tokens for doing so. The amount of rewards earned depends on the amount of tokens staked, as well as the number of other validators staking on the network.
The more tokens staked, and the more validators staking, the higher the rewards earned. Rewards are distributed proportionally among all validators based on their stake size. In addition to earning rewards, stakers also help to secure the network by providing consensus and preventing double-spending attacks.
As such, it is important that users who are interested in staking have sufficient technical knowledge to run a secure node. To get started with staking, users must first download and install a compatible wallet that supports Theta Fuel tokens (such as Trust Wallet). Once installed, users can then transfer their Theta Fuel tokens into their wallet and begin staking by setting up their validator node.
