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Polkadot Staking Dashboard

Preliminary Notes​

The Polkadot Staking Dashboard supports proxy accounts and you can import your staking proxy (for nominators) or non-transfer proxy (for nomination pool admins and members).

The dashboard also has native Ledger support, meaning that you do not need an extension or a wallet to use it; you just need your Ledger device. Metadata updates are thus not necessary, as you only need to keep your Ledger apps up-to-date.

Before using the dashboard, make sure you have a wallet or extension with a funded account. Note that accounts on wallets or extensions can be imported from Ledger or Polkadot Vault.

On top of the existential deposit, you need some free balance to pay for transaction fees and the minimum amount to place your nominations or join a nomination pool. For more information about staking visit the staking page and the advanced staking page.

Using the Polkadot Staking Dashboard​

The Polkadot Staking Dashboard is a tool only dedicated to staking on Polkadot, Kusama (Polkadot's canary network) and Westend (Polkadot's test network).

The dashboard is not a wallet, meaning that you cannot transfer funds between accounts. To fund accounts, you can use wallets and extension. You can participate in staking by being a nominator or a member of a nomination pool. Once you have a funded account, you need to connect it to the dashboard (connect button on the top-right corner), this will allow you to interact with native staking.

The dashboard is a Web3 dApp

The dashboard is a decentralized application (dApp), and to login you do not need to sign up with an email and password but just need an account created on the supported non-custodial wallets. Any transaction to be submitted needs to be signed by you. Also, if you use light clients, which are resistant to censorship, you interact trustlessly with the network without intermediaries. Welcome to the world of true Web3!

Note the pictures on this page refer to Kusama, but the same applies to Polkadot and Westend.

The structure of this page follows the sidebar of the staking dashboard. Here you will learn about the main features of the dashboard. If you need more information, see the Walkthrough Tutorial.

Walk-through Video Tutorials
  • Nominating: Stake your tokens, choose your best validators, and start your staking journey.
  • Becoming a Pool Member: Start becoming a part of the Polkadot movement, keep the network secure by staking minimum 1 DOT and receiving staking rewards.
  • Dashboard Walkthrough: Become a Pro using the Staking Dashboard.
  • After Staking: Nominating is not a set-and-forget action, learn what you can do with the dashboard after you started staking.

Overview​

Staking Dashboard Walk-through video tutorial

This video tutorial shows you everything you can do with the Staking Dashboard.

dashboard overview

This page of the dashboard has six main panels:

  • Section A: The Sidebar shows which page you are on (in this case, the Overview). It will also show the role you currently have in staking (in this case, active in both Pools and Nominate). You can also change the network (currently on Kusama).

  • Section B: The Accounts Panel allows you to connect one account to the dashboard. Once connected, the account will appear next to the Accounts button. You can see it here if you are active as a nominator and/or a pool member. In this case, the account KSM Stash is a nominator and a member of the pool Insight Finance. Proxy accounts are also shown here if applicable. Note that the dashboard will automatically fetch the stash and the proxy.

Note that Sections A and B will always be visible while you use the dashboard.

  • Section C: The Stats Panel shows the general view of current staking metrics, including the historical reward rate (including after inflation), the supply staked and time remaining in the current era.

  • Section D: The Summary Panel shows your current situation and gives you general tips about staking. In this case, the KSM Stash account is a nominator and a pool member, and by clicking on Manage > you can go directly to the Nominate and Pools pages, respectively. You can take actions such as changing staking preferences, bonding more funds, etc.

  • Section E: The Balance Panel shows the bonded amount distinguishing between "Nominating", "In a Pool", and "Not Staking". The amount that is not staking is further divided into "Free" (a balance that can be transferred) and "Reserve" (a balance that is needed the keep the account on-chain, see existential deposit). In this case, 0.301 KSM are bonded for nominating, 0.3 KSM are bonded in a pool, and 0.145 KSM are not used for staking. Of the non-staking balance, 0.144 KSM are free while a small portion is reserved for the existential deposit.

  • Section F: The Recent Payouts Panel shows a bar chart with the rewards paid out to you in the past 15 days either as a nominator or a pool member (manually claimed). Note how the 4th of April bar has the tip that is not filled with color. This is to show a pending payout (for nominators only). Below the bar chart is a line chart showing the 10-day moving average.

Additional statistics can be found at the bottom of the overview page.

Pool funds are in system accounts

Remember that funds bonded in a pool are transferred to the pool's system account, which can only be accessed by the protocol, and not by any individual user. Some wallets might not display the balance bonded in pools, but the dashboard will always show it.

Stake​

In this category, you can access all functionalities allowing you to stake your tokens as a nominator, member of a nomination pool, or both. The payout section will enable you to inspect the most recently received rewards.

Pools​

Joining a Nomination Pool - Walk-through video tutorial

This video tutorial shows you how to join a nomination pool with the Staking Dashboard. You can also read the dedicated support article about joining a pool.

dashboard pools

This page of the dashboard has four main panels (Sidebar and Accounts Panels excluded):

  • Section A: The Stats Panel shows the number of active pools and the minimum number of tokens needed to join a pool and/or create one.
  • Section B: The Balance Panel shows the number of tokens bonded in pools and those that are free. In this case, we have 0.3 KSM bonded and 0.144 KSM free. In this panel, you can bond more funds (+ button) or unbond some funds (- button). Unbonding will withdraw unclaimed rewards and funds will be locked for the unbonding period. Once the unbonding period has passed, you can unlock the locked funds (button with a lock icon) that will be available as a free balance.
No fast unstake and pool swap for pool members

Note that the option to fast unstake is only available to nominators. Also, to change pool, you cannot simply swap memberships. You will need to unbond and go through the whole unbonding period.

  • Section C: The Pool Panel shows the pool id where you have membership (in this case, Pool 82), the pool name, and next to it, a Manage button that will allow to choose between different options:

    • Update Claim Permissions: you can allow other pool members to compound your rewards, withdraw your rewards as a free balance, or both. More details about nomination pools and updating claim permissions can be found on the dedicated wiki page.

    dashboard-permissionlessPoolClaims

    info

    For more information about how-to update your claim permissions with the staking dashboard see this support article.

    • Leave the pool and unbond all the funds in the pool.

    If you are a pool admin you will be able to see the additional options:

    • Claim Commission: you can claim pool commissions to an account specified under Manage Commission (below).
    • Manage Commission: you can manage the pool commission rate, maximum commission, maximum change rate, and minimum time delay between commission updates. More details about nomination pools and managing pool commissions can be found on the dedicated wiki page.

    dashboard-manage-commission

    info

    For more information about how-to manage commission of your nomination pool with the staking dashboard see this support article.

    • Rename Pool: you can change the pool's name.
    • Lock Pool: you can lock the pool so that new members are not allowed.
    • Destroy Pool: you can destroy the pool. See this wiki page and this support article for more information.

    You can see any unclaimed rewards in the middle of the panel. You can claim and bond the rewards (+ Compound button) or withdraw them as a free balance (Withdraw button). In this case, there are approximately 0.0012 KSM that can be claimed. You can see the Pool Status at the bottom of the panel, currently set to "Nominating and Earning Rewards".

Note that if it is the first time you log in to the dashboard, you will see two buttons Create and Join, instead of Manage. For more information about how to create a nomination pool, see this support article.

  • Section D: The Pool Nominations Panel shows the nominations of the pool you are currently in, highlighting the validator that is active and will pay rewards to the pool at the end of the era (in this case ParaNodes.io/11).

If you scroll down the page, there are two additional panels:

  • Roles showing the accounts of the pool's Depositor, Root, Nominator, and Bouncer. The same account can cover all the roles.
  • Pool Stats showing the Pool State (either Active, Closed, or Destroying), Pool Members (number of members in the pool), and Total Bonded (total number of bonded tokens).

The Pools page is divided into four parts: the Overview is basically what we talked about until now, the Members section will show all accounts of the pool members, the All Pools section will show all pools (you can filter Active, Locked, and Destroying pools), and the Favorites section shows all pools that you liked (you can like a pool in the All Pools section by clicking on the heart icons).

Nominate​

Walk-through video tutorial of How to Nominate

This video tutorial shows you how to become a nominator with the Staking Dashboard.

dashboard nominate

This page of the dashboard has four main panels (Sidebar and Accounts Panels excluded):

  • Section A: The Stats Panel shows the number of active nominators, the minimum number of tokens to nominate and the minimum active bond. The system keeps 12500 nomination intents and puts them into the bags list. The fact that active nominators are not 12500 is because there are nominators that have no active validator.
  • Section B: The Balance Panel shows the number of tokens bonded in nominations and those that are free. In this case, we have 0.301 KSM bonded and 0.144 KSM free. In this panel, you can bond more funds (+ button) or unbond some funds (- button). Unbonding will withdraw unclaimed rewards and funds will be locked for the unbonding period. Once the unbonding period has passed, you can unlock the locked funds (button with a lock icon) that will be available as a free balance.
Fast unstake

If your account did not receive rewards in the past 28 eras, you will be eligible for fast unstake. The dashboard will automatically check this for you and prompt a banner.

  • Section C: The Nominator Panel shows the current status of the nominator, currently set to "Nominating and Earning Rewards", and next to it, the Unstake button allows you to unstake the whole bonded amount and stop nominating. In the middle of the panel, the payout destination is currently set to "Compounding" (i.e. rewards are added to the bonded funds). The Update button will allow you to change the destination to "To Your Account" (to the stash account as a free balance), "To Another Account" (an account that is not the stash), or "None" (no payout destination).
  • Section D: The Nominations panel shows your nominations and allows you to stop all nomination with the Stop button or to select specific validators (Select button) and stop nominating only those.

Payouts​

This page is an expanded version of Panel F on the Overview page. It also shows all validators and/or nomination pools that paid out rewards to your accounts in the past few months.

After Staking​

Walk-through video tutorial - What to do after Staking

This video tutorial shows you how to what you can do after staking with the Staking Dashboard.

Validators​

dashboard nominate

This page of the dashboard has two main panels (Sidebar and Accounts Panels excluded):

  • Panel A: The Stats Panel shows the total number of active validators, all validators currently registered (active and inactive), and average commission across all validators.
  • Panel B: The Validators Panel shows all validators. You can order them by low/high commission or apply the following filters:
    • Include only active validators
    • Exclude validators that have 100% commission, blocked nominations, and have missing identity.

Support​

Support for the Staking Dashboard is available at the official Polkadot support website.

Network​

Under Network, you can connect to either Polkadot, Kusama, or Westend through public RPC nodes or light clients for a true Web3 experience. For more information about light clients, see this page.

Last updated on by Filippo