Polymesh Glossary

Users who back node operators of their choice with the blockchain’s native protocol token. The incentive for stakers is that they can receive rewards based on the node operator’s performance. On Polymesh, stakers bond POLYX to node operators to increase their chance of winning in the hopes of receiving a cut of the reward. Should the node operator receive rewards for validating blocks, they will take a commission and the rest will be dispersed among stakers, proportional to how much they’ve staked. Staking puts the users’ tokens in a specific wallet and locks them until they choose to unbond them. A staker can be any POLYX holder whose identity has been verified through a customer due diligence process.

‍