Polkadot is a network of interoperable but independent blockchains that share security.
You can learn more about the protocol in our Guide to Polkadot.
|Minimum tokens to stake||~2 DOT|
|Waiting period to change nomination||Up to 24 hours|
|Unbonding period||28 days|
|Service fee||8% of rewards|
There are two different types of accounts for managing your delegation funds in Polkadot:
- A controller makes staking decisions, such as nominating and bonding funds, but does not have direct control over the funds themselves.
- A stash directly controls the funds, and designates a controller to be used to make staking decisions.
The stash/controller system maintains secure control over one’s funds while still enabling users to make and change staking decisions easily. You must import your stash to the Polkadot UI in order to stake your funds, including nominating them to the Coinbase Cloud public validator.
You can stake to Coinbase Cloud’s community validators by joining our Nomination Pool.
Nomination Pool name: Coinbase Cloud
Nomination Pool address: 13UVJyLnbVp8c4FQeiGGKD7WwtbFCPFeNovxcHTq6aKnuAMY
Nomination Pool ID: 58
Validator name: Coinbase Cloud
The Coinbase Cloud Pool nominates these validator addresses. If staking directly, enter each of the Coinbase Cloud validator addresses from the list above.
The Coinbase Cloud pool selects all validators from this list, and joining indicates your willingness to support any of them. The protocol automatically allocates pool stake to a subset of the validators from this nominated list that have been selected to participate and earn rewards each era. As such, selecting all validators increases your opportunities to earn rewards. See the Polkadot FAQ to learn more.
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