fb Stakin / Polkadot Validator


APR 14.16%
Fees 0.00 %
Public key(s)
Market Cap $7,451,025,863 Price$6.44
RewardsEvery 24 hours on average (every 1 era)
APR 14.16%
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 1 era (24 hours on Polkadot). The company has automated the process using a payout bot so that nominators do not have to worry about claiming their rewards and enjoy optimal compounding. 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 Polkadot • 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.
Learn about Polkadot (DOT)
Polkadot is a global network of interoperable chains, also known as a sharded blockchain. It connects multiple blockchains to create a unified network for blockchain to process in parallel and exchange data with reliable security between chains. Two types of blockchains are designed for use. The main network is called the relay chain, on which transactions are permanent, and user-created networks are called parachains. Using the Substrate documentation, development teams can easily set up their blockchain with its parameters and eventually become a Polkadot parachain. Parachains can be customized for any number of applications and connect to the shared security of the main blockchain so that the same safety of the Polkadot relay chain is provided to parachain transactions. Like other interoperability protocols, Polkadot enables a form of horizontal scalability. The network scales by processing transactions across multiple parallel blockchain shards, and decentralized Applications can run their application-specific blockchain. Polkadot is a Nominated Proof-of-Stake (NPoS) network designed with the roles of validators and nominators to optimize chain security. Nominators are owners of Polkadot’s native tokens, the DOT, who nominate validators with their voting power. Nominators earn an extra yield on their DOT tokens for nominating their voting power and participating in the PoS consensus. Validators are in charge of creating and verifying blocks and have to maintain blockchain nodes with strict uptime goals. As a Nominated Proof-of-Stake protocol, Polkadot puts a strong emphasis on decentralization. Therefore, the active validator set is dynamic and elected based on a sequential Phragmen method. For more information about Polkadot, have a look at our blog: https://blog.stakin.com/tag/polkadot/
stakinWhy 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 • Past testnet participant, operating nodes on Westend and Alexander test networks • Selected member of the Web3 Foundation delegation program, with active nodes on Polkadot and Kusama • Enhanced yield service for institutional investors taking into account NPoS constraints • Automatic claiming of the rewards every 1 era (24 hours) 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
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