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Nomination pools are designed to permissionlessly allow members to pool their funds together and act as a single nominator account. You can read more details about this feature on the wiki page.


Benefits of joining a nomination pool:

  • No staking minimum.
  • You don't need both a stash and controller account.
  • No minimum to receive rewards (as low as 1 DOT can earn rewards!).
  • More control over rewards.
  • A nominator can select validators on your behalf.
  • Validators can attract more staking input.


ℹ️ INFO

The convenience of being a member of a nomination pool may involve having to pay a commission set by the pool manager. Check the pool's commission before joining it.


For a side-by-side comparison, visit the wiki "Nominating vs Joining a Pool".

TABLE OF CONTENTS

Overview


Below is the "Overview" tab, where you will see information about your active pool.



1. At the top, you can see general information such as the number of active pools, the minimum amount needed to join a pool, and the minimum amount required to create a pool.


2. In this section, you can view your bonded funds. From here, you can bond more tokens, unbond tokens from the pool, or unstake all your bonded tokens.


3. The "Manage" button allows you to update the claim permission and view pool metrics, while "Withdraw" will claim your pool rewards and add them to the transferable balance. The "+ Compound" button allows you to bond your rewards back into the pool.


4. This section keeps track of the pool's nominations. Only owner and nominator roles can change pool nominations:



  • Account icon and address: If a validator has an on-chain identity, it will be shown instead of the address. Please note that the identity can be verified by a registrar or not.
  • Performance graph: A small graph depicting the validator's 30-day performance appears below its name or address.
  • Copy icon: Clicking on this icon copies the validator's public address to your clipboard.
  • Metrics button: Click to view all validator metrics, such as Self Stake, Recent Performance, Reward History, and more.
  • Top x%: If the validator ranks among the top x% based on its latest 30-day performance, it will be indicated in its profile.
  • Commission: The validator's commission rate, which can range from 0% to 100%.
  • Validator status: Shows whether the validator is active and backed by the funds of the pool ("Backing"), active but not backed by the pool ("Not Backing") or waiting for nominations to be part of the active set of validators ("Waiting").


Clicking the "metric" icon will load the validator's recent history.



Roles


The roles section shows which accounts hold pool administrator roles. Only the Root account can change the Nominator, Bouncer, or itself.



ℹ️ INFO

See this article for a detailed description of roles and limitations.


Pool Stats


The pool state section displays the state of the pool, the number of pool members, and the funds bonded on said nomination pool.


All Pools


The "All Pools" tab displays all available pools on the network. Using the search function, you can look for a specific pool.



This tab also allows you to select pools to add to the "Favorites" tab, which you can do by toggling the "heart" icon. Additionally, you can view the "More" button, the pool's commission, the pool ID, the number of pool members, and the total bonded.



If you select the "More" button, you'll see an overview of the pool, and the "Nominations" tab will display all the selected validators.


Favorites


The "Favorites" tab reflects the pools you've selected from the "All Pools" tab.

This article briefly introduced the nomination pool sections in the staking dashboard. If you want to join a pool using the dashboard, visit the article "Staking Dashboard: How to Join a Nomination Pool" or watch the following video. Go to the mark the mark 13:07 to see it in action: