Important note

  • Nominating currently requires a minimum of 120 DOT staked funds on Polkadot (0.1 KSM on Kusama). Please make sure you are above that minimum, otherwise you won't be able to nominate with your staked funds and you will not earn rewards. 
  • There is also a maximum of 22,500 nominators in place at the moment. That means, if there are already 22,500 nominators, you will not be able to nominate, even if you have more than the minimum of 120 DOT. You can double-check the current number of nominators on the Staking Overview page.  
  • This is a temporary situation for which solutions are being explored. You can read more details as to why these minimums are required on our blog here and monthly updates on the permanent solution here.

Important note

In order for Ledger Live to work properly with your Polkadot account, make sure you've installed  version 2.32 or above.

 

To check your version go to Settings > About.


Before you begin staking, please pay close attention to these important points: 


  • Do not bond ALL your funds. Leave a small amount transferable in your account, so that you can pay transaction fees from that (changing validators, bonding more or unbonding your tokens are all transactions that will cost a small fee).

  • Any changes you make will take affect in the next era (which lasts 24 hours on Polkadot), provided you made the changes at least 4 hours before the era ended (whether it's setting up staking for the first time, or changing your validators, bonding more funds, etc), and rewards are distributed after an era ends. So, when you first stake, your rewards will begin to come at the soonest after 1 day and 4 hours, and at the latest after 2 days.


The following video explains how to stake DOT with Ledger Live. You can also refer to the instructions on Ledger's website