Staking Polkadot with Ledger

Grow your assets while holding Polkadot (DOT)

Staking is the process of holding funds in a crypto wallet to support the operations of a blockchain network and, in return, holders are rewarded for their contribution.

Polkadot (DOT) aims to enable a new decentralized web by allowing blockchains of all kinds to securely interoperate.

Polkadot uses a Nominated Proof-of-Stake (NPoS) protocol to secure its network. DOT holders who want to stake their assets can do so as validator which requires a node running 24/7, or by nominating a validator. By doing so, they become a nominator.

Staking Polkadot with Ledger
Rewards

Rewards

You can passively grow your assets with Ledger by participating in the Polkadot network as a nominator. By validating blocks, validators receive rewards which are redistributed to their nominators.

The current annual yield on Polkadot is around 10%, minus the validators’ commission rate.

Carefully select your validator(s) as the rewards you’ll receive will depend on them. If they do not behave properly, they will get slashed and you will lose DOT as well. Only a certain number of validators at a time can participate in the consensus and be nominated. This process is called election and happens every era (about 24h on Polkadot).

You can stop nominating at any time but you will need to wait 28 days to unlock your assets.



Estimate your rewards

The benefits of staking Polkadot

High rewards

Polkadot validators offer an average return of 10%. This rate will vary depending on different criteria such as the amount of the stake, the number of validators and their commission.

Be part of the network

Participate in the Polkadot network by nominating the most competent and trustworthy validators in order to make the network more efficient.

Why stake with Ledger

Why stake with Ledger

Security

Receive your rewards while holding your coins secure on your Ledger hardware wallet.

Freedom of choice

Stake your coins how you want: we give you access to a list of several validators. It's up to you to choose which one you want to go with.

All in one place

Access not only staking but other crypto services: Ledger is the gateway to swap, buy, sell or lend your crypto. All in one place!

What is Polkadot?

Polkadot is a new generation blockchain protocol that simplifies cross-chain interoperability and communication by bringing multiple blockchains into one network. Designed as part of a broad vision for a web that returns control to individuals over internet monopolies, Polkadot builds on the promise of previous blockchain networks while offering several fundamental advantages.

Frequently Asked Questions

Yes, it is dynamic amount of around 40 DOT (the actual number can vary). It can move up or down depending on the nominations and the election solutions. Nominators with a stake smaller than this amount may not currently be receiving staking rewards.

An amount of rewards is available for each era (every 24 hours). To potentially receive rewards, you will have to wait for the end of the next era. For instance, if you nominate a validator during era N, your nomination will go into effect era N+1, then payouts are possible when era N+1 ends and era N+2 begins.

The global amount of rewards available for each era is shared evenly between validators, regardless of their stake (the payout of a specific validator, however, may differ based on era points collected). Each validator then applies a commission. For each validator, remaining rewards are then split among nominators for which the validator was active for this era, proportionally to their stake. For each validator, only the 128 nominators with the largest stake will receive rewards.

Rewards payment can be triggered by any user (usually the validator or one of his nominators). When any of them triggers the payout, all of them receive their rewards. Claiming rewards manually is not supported in Ledger Live. As a consequence, you will receive your rewards without doing anything when the validator(s) you choose or anyone else who nominated the same validator(s) triggers the rewards payout.

With Polkadot the validator and nominator could lose a portion of their assets if the validator misbehaves and is slashed. As such, it is important to take a good look into who you are nominating.

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