Staking FAQ's Print
Modified on: Thu, 20 Oct, 2022 at 6:18 PM
This article answers some of the most common questions about staking. It uses the Polkadot-JS UI as a reference for specific actions, but you can also use the new Staking Dashboard that makes staking much easier. You can check our extensive article list to help you get started.
1. How to nominate directly on Polkadot?
Thanks for considering staking your DOT and nominating to help secure the Polkadot network and its parachains. The success of Nominated Proof of Stake (NPoS) relies on well-informed nominators. To directly submit your intent to stake on Polkadot, you should:
- Have an account on a non-custodial wallet that supports staking. If you are a beginner, check out this guide on how to create an account, which includes a video tutorial as well.
- Have more DOT than the minimum intention threshold. This is a strict threshold decided by the chain protocol, which is currently 10 DOT.
- Bond and nominate your DOT to validators who are accepting nominations (you can choose up to 16). Read this article on how to choose validators.
- To earn rewards, you'll also need to be above the nomination minimum, which you can find on the Targets page.
You will earn rewards when your stake is applied to one or multiple validators that enter the active set through NPoS election, which comes into effect in the next era. See this guide to learn how to securely stake your tokens using Polkadot-JS UI, or watch the video below:
If you choose to stake through custodial services like central exchanges, the steps may be different than above. By staking through the custodial services, you place your trust in them to act in the best interests of you and the network. Make sure you thoroughly read the terms and conditions to understand the risks associated with the respective custodial staking service. (Not your keys, not your tokens!)
2. When do I get slashed?
Slashing will happen if a validator misbehaves (e.g. goes offline, attacks the network, or runs modified software) in the network. They and their nominators will get slashed by losing a percentage of their staked DOT. By choosing to nominate reliable validators, you can minimize the risk of slashing and earn rewards for securing the network. Learn more about slashing here.
3. Why am I not receiving staking rewards?
If you do not see staking rewards on your account, it could be due to any of the below reasons. Please also see this article on what to know before staking, as well as detailed steps.
Delayed staking reward payout
The staking reward distribution is not automatic and needs to be triggered through a transaction. Typically, it is the validators who trigger the staking reward payout transaction, but if for some reason they do not, you can claim the rewards manually.
Nominated validators not in the active set
If none of the validators you nominated made it to the active set in an era, you will not earn any rewards for that era. To maximize your chance of earning staking rewards on every era, consider nominating multiple validators (up to 16 on Polkadot).
Nominated a validator with 100% commission
When you nominate a validator who takes 100% commission on staking rewards, you will not receive any staking reward for the eras when your nomination is applied to that specific validator.
Nominated an oversubscribed validator
Only the top 256 nominators of a Validator receive the staking rewards. If your nomination is applied to an oversubscribed Validator and your stake does not put you in the top 256, you will not earn rewards. On a regular basis, ensure that the Validators you chose are not oversubscribed.
Min-Active nomination threshold is not met
If your account is in the last bag receiving staking rewards:
Within the context of a single bag, nodes are not sorted by their stake, but instead placed in insertion order. Accounts can put themselves in front of other accounts with lower stake in the same bag using the bagsList.putInFrontOf extrinsic. It's important to note that this process only puts you in front of an account that has lower stake in the same bag. Check this support article for instructions.
4. Any plans to reward every single nominator?
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Disclaimer: We always strive to provide you with the best support we can and we take all care to ensure that our instructions are accurate and concise. However, following these instructions properly, as well as the general management of your accounts and funds, is ultimately your responsibility. Web3 Foundation cannot be held liable for any accidental loss of funds or any other damage you might incur.