RewardsEvery 24 hours on average (every 1 era)
Lock-up period28 days
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 Polkadex • Level 1: isolated unresponsiveness, i.e., being offline for an entire epoch (4 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. For slashing caused by protocol bugs, Stakin will use its best endeavours to recover the funds and influence protocol governance, including coordinating an on-chain motion.
Polkadex is a decentralized exchange protocol built using Substrate. It features a peer-to-peer orderbook where users can create buy and sell orders in a fully non-custodial manner. Polkadex aims to become a Polkadot parachain and be interoperable with the other blockchains in the Polkadot ecosystem. Polkadex Orderbook implements a Layer 2 Trusted Execution Environment (TEE) which allows operators to maintain the orderbook with unmatched performance. Polkadex supports on-chain trading bots and can scale up to 500k transactions per second making it possible to support HFT trading strategies. In addition to the Decentralized Orderbook, Polkadex is building an IDO Launchpad platform and Polkapool, an Automated Market Maker. Polkadex token is PDEX. PDEX can be transferred to other users, traded, and can be used for transaction gas fees and staking. PDEX was previously issued as an ERC20 token, and needs to be bridged to the Polkadex mainnet blockchain in order to benefit from all its features such as staking.
Learn about Polkadex (PDEX)
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 • Mainnet Validator on Polkadex since Genesis in October 2021 • Selected by the Polkadex Foundation 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 • By delegating to Stakin, you contribute to network decentralization by choosing a smaller validator • We offer dedicated support for all your staking, unstaking, and network-related questions