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Polkadot

DOT

Staked
56%
Staked
0%
Unstaked
44%
Unstaked
0%

Earn up to 13.19% APY

Create a Coinbase account to stake Polkadot

Stake Polkadot

Staking Polkadot

Staking Stats

Est. Reward Rate APY

13.19%

Reward Change 24H

+0.01%

Reward Change 30D

+1.53%

Asset Market Cap

S$7.9B

Staking Market Cap

S$4.4B

Tokens Staked

847.4M

Percent Staked

56.00%

Powered by Staking Rewards

Polkadot staking is on the rise this month.

The current estimated reward rate of Polkadot is 13.19%. This means that, on average, stakers of Polkadot are earning about 13.19% if they hold an asset for 365 days. 24 hours ago the reward rate for Polkadot was 13.19%. 30 days ago, the reward rate for Polkadot was 12.99%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 56.00%. In other words, there are 847.4M of Polkadot staked, which means that Polkadot has a staking market cap of S$4.4B. This is compared to a total asset market cap of S$7.9B.

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How does staking Polkadot work

For many traders and investors, staking is a way of earning rewards by simply holding Polkadot. Certain cryptocurrencies, including Polkadot, allows staking. This means that you can “stake” some of your Polkadot holdings and earn a reward over time in exchange for allowing the blockchain to put your Polkadot to work.

Cryptocurrencies that allow staking use a consensus mechanism called Proof of Stake, which is a method of verifying and securing transactions on the blockchain that leverages people who are literally already invested in the blockchain. The precise implementation varies, but at its core, users will put their crypto on the line, similar to a security deposit, for a chance to add a new block onto the blockchain. Typically, the chances of being chosen to validate the next block is proportionate to the amount staked and the amount of time a user’s held their asset. This way, the network rewards participants who are most invested. If the selected node successfully validates a block, then it is awarded the staking reward.

In other words, in exchange for delegating your Polkadot, you get rewarded with more Polkadot from the network. Staked tokens act as a guarantor of the legitimacy of new transactions. On the chance that fraudulent transactions are discovered, users will lose a part of their stake (i.e. their stake would get burned by the network) in a slashing event.

Benefits of staking Polkadot

It’s easy

Enroll with just a couple of clicks. You can earn rewards on Polkadot on as little as $1.

It’s secure

We take measures to mitigate risks and allow you to opt-out anytime. Some protocols may require you to wait until unstaking is complete to transfer or sell your assets.

It’s passive income

Staking can be a way of making your Polkadot work by generating rewards, rather than collecting dust in your crypto wallet. You can also discover all assets eligible for rewards from our Earn center.

FAQ

How to stake Polkadot?

Polkadot is currently available to stake on Coinbase’s centralized exchange, subject to locations where staking is allowed. Check out our help center page to learn more about eligibility.

When can I start earning rewards with Polkadot?

You start earning yield with most of the Staking and Standard Rewards assets once they are purchased. To earn yield by staking ETH or depositing assets in DeFi yield, you will need to purchase the asset and then agree to terms to enable the option and start earning rewards.

What are the risks around staking Polkadot?

Staking requires your Polkadot to be locked on the protocol in order to earn rewards. During this time you won't be able to trade or transfer your Polkadot. The lock up periods are defined by protocols and can range from a few hours to a few days. Coinbase does not impose any lock up periods. No additional lockup periods are imposed by Coinbase.

How much can I make staking Polkadot?

The current estimated reward rate of Polkadot is 13.19%. This means that, on average, you can earn about 13.19% for current block/epoc rewards for Polkadot.

How many Polkadot tokens are currently staked?

Currently, 847.4M are staked, which means that the staking market cap of Polkadot is S$4.4B.

What percentage of Polkadot is currently being staked?

Of the available tokens, 56.00% is currently staked.