Staking implementation #114
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Description
NeuroWeb is implementing a collator staking feature to enhance decentralization and provide token holders with an opportunity to earn rewards. This feature will allow users to stake their NEURO tokens, contributing to network security while earning staking rewards. At the same time, it will promote decentralization by encouraging new community members to participate in running collator nodes.
The implementation will provide an easy way for NEURO token holders to stake and earn, while allowing collators to efficiently support the stability and growth of the network. The DPoS system is powered by the parachain staking pallet, allowing token holders (delegators) to express exactly which collator candidates they would like to support and with what quantity of stake. The design of the parachain staking pallet is such that it enforces shared risk/reward on chain between delegators and candidates. The parachain-staking pallet is initially developed by the Moonbeam team and funded by the Web3 Foundation.
Type of change