What is Staking?
Staking (PoS) allows users to participate in Decred’s Governance. To have your say, you can lock up your DCR funds in return for tickets. Participants are given a real voice in the decision-making and rewarded for engagement in the projects governance.
Participation in Staking (PoS) is open to everyone and requires time-locking a portion of your DCR in return for tickets. Current price of a ticket is 65.12 DCR
What are Tickets?
The purpose of these tickets is twofold: - Firstly they serve an automatic function of voting on the validity of new blocks. - Secondly they grant the right to partake in the decision-making processes which determines the future of Decred.
The process of staking is essentially like a lottery, where tickets are chosen to vote randomly.
A successful vote returns the participant the original cost of the ticket and a part of the blockreward as profit.
In case the vote misses (0.5% probability), original cost of the ticket is safely returned without the reward. Average time for a ticket to vote is within 28 days and maximum up to 142 days.