To encourage providers to secure their nodes, they must stake Chroma tokens representing the provider's stake in the Chromia economy. The stake is used as collateral and forfeited when the provider's nodes misbehave.
Currently, anyone can stake Chromia tokens. Staked tokens now receive a 15% annual percentage rate (APR) governance reward. This rate might change in the future.
The staking contract is deployed on the Ethereum and Binance Smart Chain (BSC) blockchain so users can use existing ERC20 wallets, such as MetaMask, to interact with it.
All dapps must stake at least 100 Chroma tokens for hosting on the Chromia testnet.