Yes you do while it is green. That’s normally around 7 days every day. You can also use a curing compound to prevent major evaporation.
The reason is that concrete is a exothermic chemical reaction that takes place, which means that it releases energy as heat. But the chemical reaction requires water to react obviously we know when mixing to much water decreases the strength (water/cement ratio) but after the concrete is set the amount of water does not affect the water cement ratios anymore but promotes the increasing of strength through good curing.
Let’s say the concrete is still in its green phase and the concrete dries out the chemical reaction stops not really but it gets close to stopping.
The chemical reaction needs the water to continue strengthening to the required Mpa, so keeping the concrete wet you cool it down and prevent internal moister from drying up that would prevent the concrete from gaining strength.
That’s is the important part but also to prevent or minimize shrinkage cracks so water takes up space and if it is drastically minimized in a short time, the volume decrease and creating cracks that could expose the rebar which is now susceptible to rust.
Curing of concrete is very important but elements with large surface areas are the most vulnerable like a deck or raft foundation.
Also keep in mind this is only for hot or windy conditions. If it is cold the water again is susceptible to freezing which is a different story.