Fees 10.00 %
RewardsEvery 12 hours on average (every 1 era)
Lock-up period7 days (14 eras)
CompoundingCompounding is automatic as rewards are sent to the delegator account, increasing its voting power. Stakin proceeds to claim transactions every 15 days. Nominators can manually do a claim transaction if they wish to claim earlier. The process is fully non-custodial, and rewards are sent from the blockchain to the nominator’s address.
Slashing riskThere are 4 Levels of Slashing Risks on Dock • Level 1: isolated unresponsiveness, i.e., being offline for an entire epoch (3 hours). Generally no slashing. • Level 2: concurrent unresponsiveness (coordinated downtime) or isolated equivocation (double signing). A small amount of the stake is slashed (up to 1%) but ultimately dependent on how many nodes are simultaneously down. The validator is removed from the active set for the next epoch (chilling). • Level 3: misconducts unlikely to be accidental, but which do not harm the network's security. Examples include concurrent equivocation or isolated cases of unjustified voting. Slashing up to 10%, followed by ‘chilling’. • Level 4: misconduct that poses severe security or monetary risk to the system or mass collusion. Risk of the entire delegation being slashed, followed by ‘chilling.’ To mitigate downtime risks, Stakin uses a redundant infrastructure with 24/7 monitoring and alerting. Double signing risks are mitigated with a manual redundancy process, as most double signing occurs due to a deficient automated redundancy process.
Dock is a Substrate-based application-specific blockchain for verifying and issuing credentials. Dock has applications in the Decentralized Identity (DID) space and other types of credentials. The network can be used to issue, manage, and verify digital credentials via blockchain. Dock is powered by the DOCK utility token. The three main purposes of the DOCK token are Governance, Network Operations, and Staking and Validating. Any DOCK holder can participate in decentralized governance and take part in defining the future of the network. Issuing certificates, DIDs, and credentials require DOCK tokens. Finally, by staking DOCK, token holders can contribute to the security of the network and earn a yield.
Learn about Dock (DOCK)
Why stake with us?Stakin has strong expertise in providing validation services for Polkadot and Substrate based blockchains: • Active Polkadot Mainnet validator since January 2021 • Active validator on Kusama, Polkadot’s canary network, since August 2019 • Validator on 5+ Substrate based blockchains • Selected by the Dock Association for delegation • Enhanced yield service for institutional investors taking into account NPoS constraints • Automatic claiming of the rewards every 15 days enables your staking rewards to compound • We offer dedicated support for all your staking, unstaking, and network-related questions