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 | ~621.93 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.
🙋Direct Staking🌊Pool StakingLast updated