Hi- I was told that here is about a 10% reward in staking ark. Can anyone confirm this?
Thanks
It's not as simple but, long answer short yet that's true.
How this actually works...
(1) You vote for a delegate, your ARK amount is the weight of your vote.
(2) The delegate you voted is "mining" (called forging) blocks and they share their rewards with their voters, based on the weight of their vote
(3) The returns are not fixed, but they're close to 10% for at least the last 6 months.
You can visit this site and check the returns you get from each delegate: http://calculator.reconnico.com/
Thank you.
I set up my wallet, sent ark thens voted for a delegate with 1 ark -
is this all I need to do?
Thanks
Yes.