Staking Dashboard: How to Change the Reward Destination Print
Modified on: Thu, 10 Nov, 2022 at 4:28 PM
Start your staking journey or explore more information about staking on Polkadot's Home Page. Discover this new Staking Dashboard that makes staking much easier and check our extensive article list in the Overview article to help you get started.
This article explains how to use the Staking Dashboard to change the destination account of your staking rewards.
In this example, we are using the Polkadot network, but the process is the same for Kusama and the Westend testnet.
How to change the destination account of your staking rewards
1. First, connect your account to the Staking Dashboard.
2. Navigate to the Nominate tab. Click on the "Update" button under "Reward Destination":
3. A new screen will appear where you can choose your reward destination:
You can choose between three options:
- "Back to Staking": Send your staking rewards to your stash and bond them, so your stash keeps growing and your rewards compound;
- "To Stash Account": Send your staking rewards to your stash without bonding them, so they remain transferrable, and you can send them out of your account anytime;
- "To Controller Account": Send them to your controller account.
Once you choose an option, you will see the estimated transaction fee for the change.
NOTE: The Staking Dashboard does not allow you send rewards to a third account. You can choose to send rewards to any other account you own using Polkadot-JS UI.
4. Choose the option you want and click "Submit" to sign the transaction:
That's it! You have changed your reward destination. This change will take effect in the next era.
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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.