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Polkadot (DOT) Staking

How to stake your DOT 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 Polkadot protocol to stake directly. Nova Wallet does not provide you with any staking services such as how a CEX may do.

Polkadot Staking Information & Parameters

Parameter
Pool Staking
Direct Staking
Minimum Stake
1 DOT
~558.7 DOT*
Unstaking Period
28 Days
28 Days
Rewards Payout
Rewards have to be claimed manually and you must pay transaction fees.
Rewards accrue daily and are paid out daily.
Governance Participation
Staked DOT cannot be used in Governance.
Staked DOT can be used to participate in Governance on the Polkadot protocol.
*The minimum stake for direct staking varies over time and is dictated by the Polkadot protocol.