Every node on Hedera’s proof-of-stake network has a weighted influence on consensus — that weight is proportional to the amount of hbar staked to a node. Proxy staking allows those who own hbar, but aren’t operating a node, to stake their hbar to someone else’s node.
In doing so, transactions earnings are split between the node operator and owner of proxy staked hbar cryptocurrency. Proxy staked hbar are under complete control of their owner. Proxy staking can be turned off or redirected at any time. Proxy stakers can spend the hbar being proxy staked, but it will reduce earnings.
To learn more about proxy staking, please read our blog posting: https://www.hedera.com/blog/proxy-staking-on-hedera