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Polkadot (DOT) Staking

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Written by Sophie
Updated over a month ago

Coinmetro's DOT Staking Program offers long-term, sustainable, secure, and easy-to-use passive income opportunities for all users! All it takes is a minimum of 10 DOT and a few clicks to start earning passive income.

What is Polkadot (DOT)?

Polkadot is an open-source sharded multichain protocol allowing an entire network of blockchains to be interoperable with each other. Designed as a foundation for Web3, the specialised network allows the cross-chain transfer of any data or asset type, not just tokens. The aim of the project is to enable a completely decentralised web where users are in control. Moreover, to free society from its dependence on a faulty internet system run by large institutions in a questionable fashion. Learn more

How to Stake DOT with Coinmetro

On Desktop or Browser

On the Mobile app

1. From your Coinmetro Dashboard, you'll need to select Staking and then DOT Staking. This will take you to the DOT Staking Platform.

1. From the Home screen, scroll down until you find the Staking section.

2. Next to DOT, tap on Stake. This will take you to the DOT Staking Platform.

With at least 10 DOT in your Coinmetro account, you can open a staking plan with the click of a button. Simply select 'Get Started' and start earning passive income!

You will then need to choose how many DOT you would like to stake, and for how long. Remember—the longer you stake, the higher the APY will be!

Once you are ready, simply press 'Confirm' to start staking your DOT!

How much will I earn?

You can earn up to 11.8% APR for staking your DOT at Coinmetro. You can find out how much you will earn when allocating your funds to your staking plan. Remember, the longer you stake, the higher the rewards will be!

Please note that the APR for staking is variable. Please ensure you have thoroughly read the DOT Staking Program Agreement before confirming your plan.

Claiming Your Rewards

The rewards for staking are now accumulated live, and you can now see your rewards being accumulated in real time! By clicking 'Cash Out Now', the pending rewards are moved to your available wallet balances, with a matching entry in your transaction history.

Ending a Staking Plan

You can end your staking plan by simply selecting 'Close'. Ending your staking plan early comes with a penalty. 50% of the total paid rewards for the plan will be deducted from your staked DOT. A confirmation pop-up will display the penalty applied before you choose to confirm.

Ready to get started?

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