🙋Direct Staking
How to stake your DOT via Direct Staking!
Last updated
How to stake your DOT via Direct Staking!
Last updated
| Parameter | Information |
|---|---|
Minimum Stake | ~621.93 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 ~621.93 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.
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 👉Pool Staking
Open the Nova Wallet application.
Select the Staking screen.
Select Polkadot.
Review the staking information presented to you.
Once you have understood the terms select the Start Staking button.
Input the amount of DOT tokens that you wish to stake and then select continue. Note: recommended validators are 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.
