I have less than the minimum DOT needed for staking Print
Modified on: Mon, 27 Jun, 2022 at 1:08 PM
IMPORTANT! Nomination Pools are not yet live on Polkadot, only on Kusama. So, the solutions provided in this article are not yet available.
For the time being, if you don't have that amount of DOT, your options for getting rewards are limited. But with the introduction of Nomination Pools, things are about to change. Nomination Pools are live on Kusama and when they come to Polkadot everyone will be able to nominate and receive staking rewards with as little as 1 DOT!
What are my options?
If you have already bonded less than the minimum needed
If you have bonded less than the minimum required to nominate and get rewards, you can unbond your DOT and join a nomination pool. Here's how:
1. Follow this guide to unbond your tokens
2. Wait for 28 days for your DOT to unbond and then follow Step 3 in the guide above.
3. Now that your DOT is transferable, you can join a nomination pool
If you haven't bonded your DOT
In that case, things are even simpler. All you have to do is join a nomination pool and start receiving rewards!
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