In this article, we detail how to join a nomination pool in Polkadot or Kusama from the user-friendly interface of Talisman Portal.


ℹ️ GOOD TO KNOW

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Alternatively, you can join Talisman's Discord server and receive specialized assistance from the team that developed the wallet. This communication channel is also an important feedback loop for the Talisman team to improve the wallet, and they always appreciate hearing from users.

TABLE OF CONTENTS


How to join a nomination pool


1. Visit Talisman Portal and click the "Staking" tab at the top of the screen:



2. After clicking "Staking", you'll see the whole list of tokens you can stake. Click "Stake" on DOT or KSM if you want to participate in the nomination pools:



3. A side panel will appear, allowing you to select your staking account (1). Enter the desired amount from your available balance (2) and select the asset (3), choose your preferred nomination pool (4) from the available options, and set the "Claim permission" (5) that best suits your needs:



4. Talisman Portal preselects one of Talisman’s nomination pools by default. You can see more information about the pool by clicking on the pool’s name.


If you are happy about the nomination pool by default, go to step 7; if you want to explore other options, click "Pick a different pool":



5. You can join any nomination pool created for the chosen asset and network. Explore multiple pages of available pools by clicking the "Next Page >" icon on the right to move to the next page:




‼️ IMPORTANT

Choose wisely. As a pool member, you must wait for the unbounding period before switching pools: 28 days on Polkadot and 7 days on Kusama.

To learn the best practices when choosing a nomination pool to join, visit our article "How Do I Know Which Nomination Pool to Choose?"


6. Once you have selected your desired nomination pool, click "Swap pool" (or "Cancel" if you are happy with the current nomination pool). This action will return you to the previous menu.


7. You can set your claim permission by clicking "Manage" at the bottom of the panel:


8. A new screen will appear with three available options:

  • Auto compound: Your staking rewards will be automatically re-staked to your account each day.
  • Auto withdraw: Your staking rewards will be automatically paid as a free balance to your account daily.
  • Let Talisman decide: You permit Talisman to choose between auto-compounding or auto-withdrawing your rewards. At the time of writing, this option behaves the same as Auto compound.


Once you have chosen your best preferences, click "submit":




ℹ️ GOOD TO KNOW

Auto claiming is a permissionless process, which means any account can trigger your reward claim. Some pools, like Talisman's, handle this automatically for their members — but this behavior is not guaranteed by all pools.




9. Ensure all details are correct, then click "Stake", sign the transaction from your account, and you're all set! Congratulations, you are successfully staking as a new member of a nomination pool!



Check your staking in a nomination pool


You can track the status of your staking by going to the "Portfolio" tab in Talisman Portal. There, you can review key details such as the nomination pool you’re part of (1), your total balance (2), and the total rewards (3), and claim your most recent payout (4). Additionally, you can add more funds to the nomination pool via the "Stake" button or opt to unstake, see the statistics of your staking, or modify the claim setting of the pool using the three-dot button (5).




How to increase your bond in a nomination pool


To increase your stake within your nomination pool, connect your account to the Talisman Portal and go to the "Staking" tab. Then, simply click the "Stake" button on the right side of the row for the corresponding asset and network. A window will appear on the right side of the screen. Enter the additional amount you wish to add to your currently bonded funds, and click "Add":



How to unbond or leave a nomination pool


To initiate the unbonding of funds from a nomination pool, connect your account to the Talisman Portal and go to the"Staking" tab. Then, simply click the "Stake" button on the right side of the row for the corresponding asset and network. A window will appear on the right side of the screen. Click "Unstake" and select the amount you want to unbond.


If you want to exit the nomination pool entirely, click “Max” to unstake the maximum bonded amount. Then click “Leave” to completely quit the pool.


Keep in mind that in both scenarios, you'll need to wait for the unbonding period before you can withdraw your unbonded funds: