How to calculate staking rewards

Calculating staking rewards can vary depending on the blockchain and staking protocol being used. However, here is a general overview of the steps involved in calculating staking rewards:

1. Determine the staking protocol: Different staking protocols have different reward mechanisms. Some popular ones include Proof of Stake (PoS), Delegated Proof of Stake (DPoS), and Proof of Stake Velocity (PoSV). Each protocol has its own reward calculation method.

2. Check the blockchain's staking formula: Each blockchain has its own staking formula. This formula determines the reward amount based on factors such as the amount of tokens staked, the block interval, and the total staking pool.

3. Calculate the block reward: The block reward is the amount of tokens awarded to the staker for producing a new block. This amount varies depending on the blockchain and staking protocol.

4. Determine the staking pool size: The staking pool size refers to the total amount of tokens staked by the pool participants. This number is used to calculate the staking rewards

How to easily calculate staking rewards?

Here at Myrmidon Staking, we believe in making staking as easy as possible for our users.

Therefore, we provide a staking calculator for all our supported networks. You can find it under the network you wish to stake on. The staking calculator is a great tool to help you estimate how much to stake on a specific network to achieve your desired return.

General good advice

Before staking, consider any fees or taxes: Some blockchains may charge fees or taxes on staking rewards, and these should be factored into your decision.

Keep in mind that, even though we provide a staking calculator, staking rewards can vary significantly. If you're unsure or want to understand more in-depth about how staking rewards are calculated for a particular blockchain, it's always a good idea to check the official documentation.

Find the information needed to stake

At Myrmidon Staking, we support various proof of stake blockchains. Visit myrmidonstaking.com/networks to see all our supported blockchains and find all about fees, rewards and more.