Staking is an essential feature of proof of stake (PoS) protocols. Large PoS protocols including Polygon, Solana, and Polkadot allow users to stake their native tokens and earn rewards. Blockchain node operators must pledge their tokens, also known as staking, to a network in order to be selected as a block validator. As a reward for correctly adding valid blocks to the blockchain, node operators receive newly minted tokens as rewards, known as staking rewards.
Node operators pledge tokens to a network as a guarantee for correctly performing block validation operations. These node operators receive newly minted tokens and transaction fees as rewards for adding valid blocks to the network. Those newly minted tokens and transaction fees are the rewards for staking and will be passed onwards to those who have staked their tokens.
Saigon will distribute any earned rewards to you after receipt by Saigon, minus a Staking Services Fee of the rewards determined by the protocol. Some of the Staking Services Fee is used to pay ‘gas’ fees, third party fees, and infrastructure costs associated with staking and the remainder is retained by Saigon.
