Stake DOT from Account
This section is for Operators only.
Prerequisites for staking DOT
To initiate staking operations, you need to be a Creator in the staking governance rules of the account. If you are not, please contact your administrators to request the necessary permissions.
Stake DOT from app UI
1. Bond Assets
Ensure the previous step, "Enabling Staking on a Polkadot Account," is completed by an Administrator (see here for more info). With the Bond action, you can:
Decide the rewards destination for the bonded asset.
Choose the amount to bond from your available balance to your bonded balance.
2. Add Proxy
Proxy your nomination rights to a partner. On the Polkadot blockchain, participation in selecting one of the available validators is crucial but can be complex and time-consuming. Specialized companies provide validator and proxy nominator services.
To take advantage of these services, execute a transaction to designate our partner as your proxy nominator. This strategy maximizes potential rewards and minimizes the risk of network penalties.
3. Earn Rewards
After appointing your proxy partner, rewards will flow daily. Depending on your chosen reward destination in the Bond process (step 3), they will either compound in your bonded balance or be directed to your available balance. Your earnings fluctuate based on validator selection and the current staking percentage, estimated at approximately ~14.92% rewards for staked assets given the current conditions.
4. Polkadot's Extended Functionalities
To stake, you must bond assets to a specific balance, separate from your available balance and not immediately spendable. To regain control, you must unbond an amount, transitioning it to an unbonding balance for 28 days without generating rewards.
During this period, you can rebond part or all of your unbonding balance back to earn rewards. After 28 days, it becomes an unbonded balance, enabling you to withdraw it to your available balance or use the Rebond function.
You can change your Reward Destination any time post the initial bond: to your bonded balance for compounding (Compound option) or to your available balance, which is spendable (Cash In option).
Stake DOT via API
Access relevant API tutorials in our API documentation.
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