POS coins...

Was wondering if someone could help explain how profits are made for folks investing in POS coins.

This is my understanding....for example:

If the minstake age is lets say 7 days and reward is 100%.

Would that mean that every 7 days you double the amount of coins you have?

Is that the gist? or am I missing something?

What are the downsides to POS investing?

thanks!

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