🙋Polkadot Direct Staking

Polkadot (DOT) direct staking allows users to stake their DOT tokens directly with validators on the Polkadot network.

DOT Direct Staking Information & Parameters

Parameter	Information
Minimum Stake	~263.78 DOT*
Unstaking Period	~28 Days.
Rewards Payout	Rewards accrue daily and are added to your staked balance.**
Governance Participation	Staked DOT can be used to participate in Governance on the Polkadot protocol.

*Some Validators may require you to stake an amount which is above the minimum network stake of ~263.78 DOT*.

**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.

What is direct staking in Polkadot?

Direct staking in Polkadot means nominating validators with your own DOT tokens, without using a staking pool. It gives you more control and enables you to receive staking rewards on Polkadot automatically on a daily basis.

What is the minimum DOT required for direct staking?

The minimum DOT for direct staking is dynamic and currently around 263.78 DOT. This amount can change based on a few factors such as the percentage of all DOT tokens that are currently staked. How are rewards paid in Polkadot direct staking?

DOT staking rewards in direct staking accrue daily and are automatically added to your staked balance. You don’t need to claim them manually.

If you are trying to stake less than the minimum amount of DOT tokens for Direct Staking then Nova Wallet will direct you to Pool Staking.

Learn more 👉Polkadot Pool Staking

1. Open the Nova Wallet application.

2. Select the Staking screen.

3. Select Polkadot.

4. Review the staking information presented to you.

5. Once you have understood the terms select the Start Staking button.

6. Input the amount of DOT tokens that you wish to stake and then select continue. Note: recommended validators are selected by default.

7. Review all of the contextual information provided and Select Confirm.

8. Your staking position will now be displayed on the Staking screen within Nova Wallet.