Stake on Polkadot
Staking DOT natively allows you to get up to 18% rewards* for helping secure the network. Get started easily with just 1 DOT.Start Staking
*The historical rewards rate is not indicative of future rewards, as the network conditions that affect rewards payouts are constantly in flux.
Why stake on Polkadot?
Earn competitive rewards for supporting the most energy-efficient blockchain technology. Polkadot's staking system is built for maximum security, decentralization, and fair representation. Help build the future of Web3 and get started with just 1 DOT.
Stake your own DOT.
Collect your own rewards.
Stake like a pro, directly on the network. Staking natively rather than via third party services keeps the network secure and decentralized by cutting out the middleman. Put your DOT to work and keep your own voting power.
Founder @ Turbo Flakes
Nomination pools are a game changer for the staking system on Polkadot.
How it works
Polkadot is based on groundbreaking Nominated Proof of Stake (NPoS) technology. A decentralized network of validators is selected by nominators to secure Polkadot's entire multichain ecosystem. Block rewards are shared between validators and nominators.
Where to stake DOT
Stake natively on Polkadot
- Fully trustless & decentralized
- Full control
- Best option for network security
- Keep your voting power
- Low minimum of 1 DOT
- Easy with the Staking Dashboard
- Low trust assumptions
- Good for network security if wallet lets you select your own validators or join a native pool
- If nomination pools are not implemented, a minimum staking amount applies
Liquid Staking / Third-Party Pools
- Medium trust assumptions as you might have to transfer your keys
- May face additional risks from third-party tokens
- Stake any amount with flexible unbond for a fee and liquidity using third-party token
- Bad for network security and decentralization
- High trust assumptions
- Stake any amount
- Lowest returns for short-term staking
- Higher rewards for longer lock-in period, but high penalty for unbonding before the term ends
- Bad for network security and decentralization
Nomination pools are a unique feature on Polkadot and are generally not implemented in other blockchains. On-chain registration of the process is novel and being able to delegate a minimum of 1 DOT is very inclusive.
How to stake on Polkadot
4 ways to stake natively:
Joining a nomination pool
Have less DOT or don’t want to manage your own nominations? Join a nomination pool with as little as 1 DOT. Pool members split rewards and penalties proportionally.
Nominators select trustworthy validators and earn rewards in return. Nominators can lose a portion of their staked DOT if a chosen validator misbehaves.
Opening a nomination pool
Confident in your ability to select trustworthy validators? Open your own nomination pool and allow others to join and pool their stake. Build a community and reputation as an expert nominator.
Running a validator
Validating is for more technical users who secure the network and produce blocks on the Relay Chain. Validators are rewarded for good behavior, and can lose DOT for bad behavior.
Ready to stake?
Introducing the new
Get the best staking experience with the new user-friendly web app — your one-stop hub to manage all your nominations, join pools, and optimize your rewards.Go to Dashboard
Marketing @ Staking Facilities
The new staking dashboard is seamless to operate so that it empowers any token holder to contribute to the security and maintenance of the network - irrespective of technical knowledge.
Set up your DOT account
You'll need your wallet and some DOT to interact with Polkadot and start staking
1. Choose a wallet*
Non-custodial wallets are recommended. With non-custodial wallets, only you have access to your private keys, but you're also responsible for keeping a safe backup.
Wallets integrated with Polkadot Staking Dashboard and nomination pool feature
Treasury-funded non-custodial wallets allowing Polkadot staking
* This list does not constitute an endorsement and is not exhaustive of all wallet options available. Always do your own research before choosing a wallet. The list includes non-custodial wallets funded by the Polkadot or Kusama treasuries that support native staking, and other non-custodial Polkadot wallets that have integrated the Polkadot Staking Dashboard, or are integrated by the Polkadot Staking Dashboard. If your wallet fulfills this criteria and is not listed here, contact email@example.com
** Polkawallet have not integrated nomination pool functionality
2. Create your account
Each Polkadot account you create is associated with a secret seed phrase. This phrase gives access to your account, so write it down and keep it safe offline where nobody can access it. Each account can be used on multiple networks within the Polkadot ecosystem at the same time (ex: Kusama network and ecosystem parachains). Usually, you can create accounts from within your wallet.
About Polkadot accounts
Use your wallet to create a Polkadot account. Make sure to back up your seed phrase and keep it safe.
3. Top up your account
You can get DOT tokens at a cryptocurrency exchange or within select wallets. You should always do your own research when selecting a reputable cryptocurrency exchange. For best security, it is not recommended to leave your tokens on an exchange, but transfer them to your non-custodial or cold/hardware wallet after procuring them.
DOT is required for staking
You need to add DOT tokens to your account to interact with Polkadot and start staking.
Should I stake DOT? keyboard_arrow_right
DOT is an inflationary token that is meant to be used rather than held passively in a wallet. DOT serves three primary purposes:
Staking, bonding (for a parachain lease), and governance participation.
Staking DOT will allow you to earn rewards in exchange for securing the network. Rewards come from the block rewards that Polkadot validators receive when producing a block on the network.
How does Polkadot staking work? keyboard_arrow_right
Polkadot implements Nominated Proof-of-Stake (NPoS), a relatively novel and sophisticated mechanism to select the validators who are allowed to participate in its consensus protocol. The NPoS encourages DOT holders to participate as nominators.
Candidates for validators might declare their intent to serve in that capacity. The network will automatically distribute the stake among validators in an efficient manner so as to maximize the economic security. Their candidacies are made public to all nominators, and each nominator then provides a list of up to 16 candidates that it supports. A certain number of validators with the greatest DOT support are elected and become active in the following period.
The nominated amount has to be greater than the minimum active nomination, which is a dynamic value based on network conditions (currently around 200 DOT). This dynamic value depends on the amount of DOT being staked. Joining a nomination pool is the way to go if you want to start staking with as little as 1 DOT.
Where to stake DOT? keyboard_arrow_right
There are different ways to stake DOT: Staking natively, which means staking directly on the network, third-party non-custodial wallets, liquid staking platforms / external pools and custodial exchanges.
Staking natively uses no intermediaries, lets you keep your keys, and doesn’t carry a service commission. Moreover, it has the most beneficial affect on network security and decentralization.
The new Staking Dashboard is the most user-friendly, decentralized, and trustless way to stake DOT natively, allowing you to keep the rewards without paying commission to external services.You can also use Polkadot-JS Apps to stake natively.
How to stake on Polkadot? keyboard_arrow_right
There are four ways to stake natively: joining a nomination pool from just 1 DOT (great for beginners), nominating directly (for intermediate stakers), opening a nomination pool (for intermediate to advanced stakers), or running your own validator node (for experts only).
To join a nomination pool or nominate directly, the basic steps are:
- Create a DOT compatible non-custodial wallet
- Using the Staking Dashboard, connect your DOT wallet
- Add a minimum of 1 DOT (plus a small amount of DOT to account for transaction fee: ~0.01 DOT) to your wallet if you want to join a nomination pool or ~200 DOT (check the current minimum active bond on the Staking Dashboard) to nominate directly
- Navigate to the Nominate or Pools page on the dashboard
- If you’re nominating directly, create a controller account & select up to 16 validators
- Choose the amount of DOT you would like to bond for staking and sign the transaction
- Start earning rewards
What is the Polkadot Staking Dashboard? keyboard_arrow_right
The Staking Dashboard is a user-friendly platform that allows you to stake DOT natively and become a nominator, select trustworthy validators, open or join nomination pools, and earn rewards in return for helping secure the network.
What are nomination pools? keyboard_arrow_right
Nomination pools are designed to permissionlessly allow stakers to pool their funds together and act as a single nominator account. Being able to participate with as little as 1 DOT allows more people to participate in the security and operation of the network. Nomination pools are a form of native staking that allow you to stake directly on the blockchain without the need for intermediary services.
Most other networks have a minimum amount for staking natively, and third-party services offer solutions with lower entry barriers.
Polkadot nomination pools run on-chain and are a unique way to give all types of users, also the less technical ones and the ones with less DOT, the opportunity to participate in true, native blockchain operations.
Should I stake directly or via pools? keyboard_arrow_right
Joining a pool is great for beginners who want to start staking with as little as 1 DOT. It’s also good for those who don’t want to research and select their own validators, as the pool creator will be responsible for choosing the right validators.
Nominating directly is better suited for intermediate and pro users. The nominated amount has to be greater than minimum active nomination, which is a dynamic value currently at around 200 DOT, and you are responsible for making the informed decision of choosing the right validators. If the validator misbehaves and gets slashed, both the validator and the nominator could lose some of their assets.
How much DOT do I need to stake? keyboard_arrow_right
You can start staking with as little as 1 DOT using the nomination pool feature. If you want to nominate directly, there is a dynamic minimum, currently around 200 DOT (check the current minimum active bond on the Staking Dashboard).
How high are the Polkadot staking rewards? keyboard_arrow_right
The highest historical rewards rate is 18% as an average over the last year. Currently, it is around 15%. However, the historical rewards rate is not indicative of future rewards, as the network conditions that affect rewards payouts are constantly in flux. You can check most recent rate on the Staking Dashboard.
Is Polkadot Proof of Stake? keyboard_arrow_right
Polkadot uses a patented Nominated Proof of Stake (NPoS) system where nominators back validators with their own stake as a show of faith in the good behavior of the validator. Compared to the classical Proof of Stake, NPoS is greener, fairer, and more decentralized, as it distributes the work to prevent those with only large amounts in their wallet to outperform smaller validators, and thus also saves computing power.
What risks do I have when staking DOT? keyboard_arrow_right
In Polkadot, if the validator misbehaves and gets slashed, both the validator and the nominator could lose some of their assets. As a result, it's critical to carefully consider your nominees. Slashes are also applied to members of nomination pools.
Another risk is if the dynamic minimum bond for nominating directly and earning rewards increases beyond the amount of DOT you have staked, in which case you would stop earning rewards. Continue to check your nominations regularly to avoid this, and switch to a nomination pool if you don’t have enough DOT to surpass the minimum bond.