How to stake MultiversX?

Could you elaborate on the process of staking MultiversX? I'm interested in understanding the steps involved and any specific requirements that may be necessary. Additionally, I'd like to know if there are any risks associated with staking and how to mitigate them. Additionally, what are the potential rewards and incentives for staking MultiversX? I'm also curious about the time frame involved in staking and whether there are any lock-up periods or penalties for withdrawing stakes early. Thank you for your time and assistance in explaining the staking process for MultiversX.