SKL token holders (delegators) stake their SKL tokens to validators who operate nodes that support the SKALE network. These validators are responsible for processing transactions and providing security for the network.
The delegators and validators receive rewards through SKL tokens to recognize their roles. The staking rewards vary depending on the amount of SKL tokens staked, the duration for which the tokens are staked, and the validator's relative contribution to network security and performance.
The more tokens are staked and the longer they are held, the higher the potential rewards. It is important to note that staking SKL involves risks.