I have my v2 wallet open.
Do I need to do anything else for staking??
Staking works just like a savings account at a traditional bank.
Just place coins in your V2 wallet and leave them there for a while. That's it. It can take up to 24 hours to start staking, but typically takes nowhere near that long.
It is required that your wallet stays running and connected to the Internet in order to earn rewards. It's our way of paying you for helping to keep the network stable and secure.
You will earn 2% compounding interest for coins sitting in your wallet, so it's not a bad way to store your coins while waiting for further developments. Wink
2% interest? So that means that I can get 2% by staking? Per year per month per day??