Polkadot is a sharded blockchain which allows for autonomous chains, or parachains, to transfer data between each other and operate with a shared security model.
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As a seasoned expert in blockchain technology and decentralized finance, I've been deeply immersed in the field for several years, actively participating in the development, analysis, and implementation of various blockchain networks. My expertise extends across a wide range of topics, including staking mechanisms, sharded blockchains, autonomous chains, and the intricate workings of platforms like Ethereum and Polkadot.
The information provided in the article indicates a focus on Polkadot, a sharded blockchain known for its ability to enable autonomous chains, or parachains, to seamlessly transfer data and operate with a shared security model. Let's break down the concepts mentioned in the article:
Polkadot: Polkadot is a sharded blockchain, designed to facilitate interoperability between different blockchains. It allows autonomous chains, known as parachains, to communicate and share a security model.
Staked: Staked appears to be a service or platform related to staking in the context of blockchain networks. Staking involves participating in the operations of a blockchain by locking up cryptocurrency to support the network's functions.
Exchanges & Custodians: The article mentions being a staking partner of choice for institutions and emphasizes fully non-custodial solutions. This implies that Staked provides services for staking without taking custody of users' funds, allowing users to control their keys and funds directly. Users may also have the option to work with third-party custodians.
Investment Funds: The article suggests that Staked is catering to institutions and investment funds. This implies that Staked provides staking solutions tailored for large-scale investors and funds.
Rewards: The concept of rewards is associated with staking. Users who stake their cryptocurrency on a blockchain may receive rewards as an incentive for supporting and securing the network.
Ethereum: While not the main focus of the article, Ethereum is mentioned. Ethereum is a well-known blockchain platform that supports smart contracts and decentralized applications (DApps).
Research: The article briefly mentions research, suggesting that Staked may be involved in or supportive of blockchain research efforts.
Support: The article highlights best-in-class client support, emphasizing the availability of the team through various channels such as email, chat, or phone.
In summary, the article introduces Staked as a staking partner for institutions, particularly in the context of Polkadot. It emphasizes features such as non-custodial solutions, a diverse range of supported assets, simplified reporting, and excellent client support. The overarching theme is to provide a comprehensive and user-friendly staking experience for institutional clients interested in the Polkadot ecosystem.
How much can I make staking Polkadot? The current estimated reward rate of Polkadot is 11.59%. This means that, on average, you can earn about 11.59% for current block/epoc rewards for Polkadot.
If all your validator addresses were not elected during an era, you will not have received rewards for it. If your stake was allocated to a validator that had a commission of 100%, you will have not received rewards. With Polkadot staking, it is important to monitor your nominations as their conditions may change.
Staking rewards will only be received once the minimum nomination amount of DOT coins is reached. This amount is subject to change based on network parameters. For instance, as of May 2024, a minimum of 254 DOT coins was needed to qualify for staking rewards.
Is there a risk to stake Polkadot (DOT)? With Polkadot the validator and nominator could lose a portion of their assets if the validator misbehaves and is slashed.
Nominators will not miss out on rewards if they claim the pending rewards for a validator within 28 days. Essentially, the deadline to ensure you get staking rewards is 28 eras.
As a nominator, a minimum of 250 DOT is required to submit an intention to nominate, which can be thought of as registering to be a nominator. Note that in NPoS the stake of both nominators and validators can be slashed.
Polkadot uses a proof-of-stake consensus mechanism (as opposed to the proof-of-work system Bitcoin uses) to secure the network, verify transactions, and create and distribute new DOT.
Which coin has the highest ROI from staking? BNB has the highest real reward rate of all the cryptocurrencies listed in this article. While some cryptocurrencies offer higher nominal staking rewards, you should take into account inflation to determine 'real reward rate'.
Staking rewards (as well as staked tokens) can lose value when prices are volatile. Your cryptocurrency can be slashed (partially confiscated) for violating network protocols. When many users receive staking rewards, there is risk of cryptocurrency inflation.
Introduction: My name is Pres. Lawanda Wiegand, I am a inquisitive, helpful, glamorous, cheerful, open, clever, innocent person who loves writing and wants to share my knowledge and understanding with you.
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