> For the complete documentation index, see [llms.txt](https://phoenix-gold-network.gitbook.io/phoenix-gold-network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phoenix-gold-network.gitbook.io/phoenix-gold-network/phoenix-cyphers/staking-and-rewards.md).

# Staking and Rewards

Staking Cyphers within the PGN ecosystem enables holders to earn rewards, typically in the form of Phoenix Gold Coins (PGC). This process incentivizes the long-term holding of Cyphers, contributing to the stability and security of the network. Staking not only provides a passive income stream to holders but also deepens their engagement with the PGN community, offering a modern twist on gold investment that rewards participation and commitment.