Staking is the process of storing funds in a cryptocurrency wallet to provide support for all operations in the blockchain. It is needed to ensure network security. It is performed by sending your tokens to the DePool smart contract. Your tokens are held on this control and nobody has any control of them except the contract itself and you.
Boosted Staking is a limited-time program that lets you stake EVER tokens and receive additional APR. Current staking APR provided by the network is around 12 %, while boosted staking can offer up to 26 % annual percentage yield. I.e., when you lock tokens for 4 years, you can more than double your stack.
There are about 51.7 million EVER left for the program at the moment.
• Attracting new users
• Rising the number of independent validators
• Popularization of DeBot technology
• Attracting investors to the blockchain