Staking Dashboard: How to Change Your Nominations Print
Modified on: Wed, 20 Sep, 2023 at 12:05 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.
Being a nominator on Polkadot is a more active role than for other networks. It's not a matter of staking your tokens once and receiving ongoing rewards. Instead, you have a vested interest in the behavior of the validators you select and share in the responsibility for their actions. For this reason, it is advisable to regularly review and potentially adjust your chosen validators.
This article explains how to use the Staking Dashboard to change your nominations.
TABLE OF CONTENTS
Why Change Nominations?
On Polkadot, nominators are actively involved in the security of the network. By nominating validators, they give them a "vote of confidence" that they'll perform their duties diligently, and if they don't, nominators risk getting slashed along with the validators they support.
For this and other reasons, you may want to review and change your nominations from time to time. Perhaps some of your chosen validators are oversubscribed, or you realized they are running on suboptimal hardware and get fewer rewards because of it. Or maybe you read our article on choosing validators and decided that there are new validators that you'd like to support.
Deselect a Validator
With this feature, you can select single or multiple validators to remove from your nominations.
2. Select the validator(s) you would like to remove, and click "Stop Nominating Selected":
3. Take the estimated transaction fee into account and click "Submit" to sign the transaction and complete the process:
Add a Validator
Using this feature, you can add single or multiple validators to your nominations.
See this article for more info on the Validators and Favorites tabs.
1. Once added, return to the Nominate tab and click "Add From Favorites":
2. Mark each validator you would like to add to your nominations. Note the transaction fees and click "Submit" to complete the process:
You should now see the new validator show up under the nominations section.
If you are more of a visual learner, check the video guide below. It covers everything you can do after you start staking. You can skip to 5:57 to learn about changing your nominations:
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