🌊Pool Staking
How to stake your KSM via Pool Staking!
Last updated
How to stake your KSM via Pool Staking!
Last updated
| Parameter | Information |
|---|---|
Minimum Stake | 0.002 KSM |
Unstaking Period | ~7 Days |
Rewards Payout | Rewards accrue daily and must be manually claimed.* |
Governance Participation | Staked KSM can NOT be used to participate in Governance on the Kusama protocol. |
*You must manually submit the transaction to claim your KSM rewards by yourself.
You only start to earn rewards in the era after you join a nomination pool. An era on Kusama is 6 hours.
Note: If you attempt to stake less than the minimum amount of KSM tokens to make you eligible for Direct Staking Nova Wallet will automatically assign you to Pool Staking.
Open the Nova wallet application.
Select the Staking screen.
Select Kusama.
Review the staking information presented to you.
Once you have understood the terms select the Start Staking button.
Input the amount of KSM tokens that you wish to stake and then select continue. Note: a recommended nomination pool is selected by default.
Review all of the contextual information provided and select Confirm.
Your staking position will now be displayed on the Staking screen within Nova Wallet.
