Staking in Decimal is the process of depositing stake with validators. The native token used for staking is DEL. You do not transfer your deposit amount to the validators and can withdraw your coins at any time.
As of September 4th, 2023, there are 77 validators on the Decimal platform with stakes delegated to them amounting to approximately 5 billion DEL.
Staking becomes highly attractive once the profitability level reaches 20 %. Cryptocurrencies are volatile, so as long as you select a coin that is growing, you will earn profits. Staking helps the coin grow, which is why it has become so popular.
In DecimalChain, the annual staking percentage currently stands at 109.69 %.