Nova Wallet Wiki
Search
⌃K
Comment on page

Polkadex (PDEX) Staking

How to stake your PDEX tokens using Nova Wallet!
Nova Wallet is a non-custodial wallet where you alone remain in control of your assets via your private key/seed phrase. Nova Wallet directly connects you to the Polkadex protocol to stake directly. Nova Wallet does not provide you with any staking services such as how a CEX may do.

PDEX Staking Information & Parameters

Parameter
Information
Minimum Stake
1 PDEX*
Unstaking Period
~28 Days
Rewards Payout
Rewards accrue daily and are added to your staked balance.**
Governance Participation
Staked PDEX can be used to participate in Governance on the Polkadex protocol.
*Some Validators may require you to stake an amount which is above the minimum network stake of 1 PDEX.
**It is possible to modify your rewards payout so that your staking rewards are sent to you as a transferable balance and are not restaked / compounded.

How to Stake PDEX Tokens

  1. 1.
    Open the Nova Wallet application.
  2. 2.
    Select the Staking screen.
  3. 3.
    Select Polkadex.
  4. 4.
    Review the staking information presented to you.
  5. 5.
    Once you have understood the terms select the Start Staking button.
  6. 6.
    Input the amount of PDEX tokens that you wish to stake and then select continue. Note: recommended validators are selected by default.
  7. 7.
    Review all of the contextual information provided and Select Confirm.
  8. 8.
    Your staking position will now be displayed on the Staking screen within Nova Wallet.