Vote for Everstake: Everstake Node

In simple words, Harmony staking can be compared to a bank deposit, where you delegate your Harmony tokens to a particular network validator to empower the network decentralization, security, and performance. For this initiative, the network rewards individuals that staked their ONE tokens.

It’s very important to mention that staking doesn’t mean that you are actually sending your tokens to another address, instead your Harmony gets locked up by the network until you decide to unfreeze it later on for personal usage. Once it’s locked, the cryptocurrency can’t be used for any other purpose, except staking that you will be getting rewards for.