<p>At <a href="http://p2p.org/?ref=p2p.org">P2P.org</a>, we take blockchain security seriously.</p><h2 id="executive-summary"><strong>Executive Summary:</strong></h2><p>Blockchain security is a top priority for validators, especially with the expansion of Polkadot's active validator set. Validators are vital in securing the network by participating in block production and finalization processes. However, <strong>some validators bypass GRANDPA participation to reduce operational costs, jeopardizing network stability and security</strong>.</p><p>Active block production and finalization participation are crucial for maintaining Polkadot and Kusama's network integrity. <strong>Validators who avoid GRANDPA undermine network performance, potentially leading to slower finalization and reduced reliability. To mitigate these risks, token holders should carefully evaluate validators based on their commitment to security, uptime, risk management, and compliance with industry standards.</strong></p><p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a> offers tools like the Relay Participation Rate dashboard to monitor validator engagement, helping stakeholders make informed decisions. By delegating stakes to validators prioritizing network health and security, token holders can contribute to a more resilient and trustworthy blockchain ecosystem.</p><h2 id="understanding-blockchain-security">Understanding Blockchain Security</h2><p>With the recent referendum aiming to expand the active validator set to 400, the focus has intensified on the critical role validators play in securing the Polkadot network—especially through their participation in finalizing blocks. Validator engagement in the consensus process is essential for maintaining the integrity of the ecosystem, and upholding high operational standards has never been more crucial.</p><p>In Polkadot, block production begins with the Blind Assignment for Blockchain Extension (BABE) protocol. BABE randomly assigns validators to produce blocks in slots approximately every six seconds. Validators participate in this random lottery for each slot, producing a block if selected. Notably, a backup validator is also assigned in case the primary validator fails to produce a block.</p><p>Once a block is created, it needs to be finalized by other network participants—precisely, the validators—through the GRANDPA (GHOST-based Recursive ANcestor Deriving Prefix Agreement) finality gadget. GRANDPA operates in parallel with block production as an independent process. Validators engage in consecutive rounds of voting to finalize blocks, and once two-thirds of the validators have voted in favor, the block is considered final.</p><p>While validators cannot influence the BABE step due to its randomness, they are incentivized to participate in block production because they receive rewards for creating blocks. However, the same incentive structure does not apply to GRANDPA participation. <strong>This lack of direct monetary reward can tempt some validators to disable their participation in GRANDPA by running their nodes with the <code>--no-grandpa</code> flag</strong>, potentially reducing operational costs at the expense of network security.</p><h2 id="why-validator-participation-in-grandpa-matters">Why Validator Participation in GRANDPA Matters</h2><p>Skipping finalization might lower operational expenses—such as bandwidth consumption and node maintenance—but it introduces significant risks to the network. Without robust participation in GRANDPA, the network may experience delays in finalizing blocks, adversely affecting performance and reliability. The ecosystem's security is intrinsically linked to the consistency and reliability of validators in the finalization process.</p><p>Moreover, validators who avoid participating in GRANDPA place additional burdens on those who maintain high operational standards. These standards are often achieved through rigorous internal monitoring, adherence to compliance frameworks, and dedicated infrastructure management. Validators committed to these practices ensure consistent uptime and mitigate risks such as slashing, thereby contributing to a more secure and resilient network.</p><h2 id="the-current-state-of-participation">The Current State of Participation</h2><p>Our public dashboard, <a href="https://grafana.polkamon.p2p.world/d/XX_I3QQSk/relay-participation-rate?orgId=1&var-chain=polkadot&var-account=All&var-percent=30&ref=p2p.org">Relay Participation Rate</a> (accessible via Telegram authentication), offers an overview of validator participation in the finalization process across Polkadot and Kusama. This tool is part of our <a href="https://maas.p2p.org/?ref=p2p.org">Monitoring as a Service</a> (MaaS) project, designed to provide validator operators in Substrate-based networks with transparency and monitoring capabilities. To access the dashboard, login with your Telegram account, navigate to the "General" section in the upper left-hand corner, and select "Relay Participation Rate."</p><p>The dashboard features three types of charts:</p><ol><li><strong>Prevotes Ratio</strong>: Indicates participation in the first part of the consensus process.</li><li><strong>Precommits Ratio</strong>: This ratio relates to GRANDPA (chain finality) and represents how often a validator participates in finality, the second part of the consensus.</li><li><strong>Missing Backing Votes Ratio</strong>: Shows the percentage of skipped candidate backing actions (Proof of Validity) for parachains—the most profitable aspect of a validator's activity.</li></ol><p>The top table provides a current snapshot of validators and their participation ratios in the consensus process. While the Polkadot network currently shows no validators with 0% precommits (finality stage), several validators exhibit low engagement. This could signal infrastructure issues or deliberate decisions to minimize costs at the expense of network security.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/09/Screenshot-202024-09-11-20at-2016.12.33.png" class="kg-image" alt loading="lazy" width="1844" height="532" srcset="https://p2p.org/economy/content/images/size/w600/2024/09/Screenshot-202024-09-11-20at-2016.12.33.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/09/Screenshot-202024-09-11-20at-2016.12.33.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/09/Screenshot-202024-09-11-20at-2016.12.33.png 1600w, https://p2p.org/economy/content/images/2024/09/Screenshot-202024-09-11-20at-2016.12.33.png 1844w" sizes="(min-width: 720px) 720px"></figure><p>On Kusama, the situation is more concerning. As of September 11, 20 validators displayed 0% participation in both prevotes and precommits, raising questions about their reliability and commitment to network security. Such inconsistent participation—whether due to inadequate infrastructure or intentional non-participation—can undermine the overall stability of the ecosystem.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/09/Screenshot-202024-09-11-20at-2016.34.40.png" class="kg-image" alt loading="lazy" width="2000" height="316" srcset="https://p2p.org/economy/content/images/size/w600/2024/09/Screenshot-202024-09-11-20at-2016.34.40.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/09/Screenshot-202024-09-11-20at-2016.34.40.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/09/Screenshot-202024-09-11-20at-2016.34.40.png 1600w, https://p2p.org/economy/content/images/2024/09/Screenshot-202024-09-11-20at-2016.34.40.png 2000w" sizes="(min-width: 720px) 720px"></figure><h2 id="the-risks-of-non-participation">The Risks of Non-Participation</h2><p>A decline in validator participation poses a risk of slower finalization times, which can have cascading effects on both the Polkadot and Kusama ecosystems. Maintaining at least two-thirds participation is essential for the network's smooth functioning. If a significant number of validators continue to prioritize cost-cutting over participation in finalization, the network's reputation and its ability to attract further development may be jeopardized.</p><p>It's important to note that GRANDPA's non-participation is neither financially rewarding nor subject to slashing penalties. This lack of immediate consequences provides little motivation for validators to engage in the finalization process, highlighting the need for token holders to be vigilant in their choice of validators.</p><h2 id="how-to-choose-reliable-validators">How to Choose Reliable Validators</h2><p>Given these potential risks, it's imperative for token holders to thoroughly evaluate validators before delegating their stakes. Key factors to consider include:</p><ul><li><strong>Commitment to Network Security</strong>: Does the validator consistently participate in both block production and finalization processes?</li><li><strong>Uptime Track Record</strong>: Does the validator maintain high availability, ensuring the network remains robust and responsive?</li><li><strong>Risk Mitigation Measures</strong>: Does the validator implement safeguards against slashing and other operational risks?</li><li><strong>Compliance with Industry Standards</strong>: Has the validator undergone third-party audits, such as SOC 2, to verify their adherence to security and operational protocols?</li><li><strong>Infrastructure Quality</strong>: Does the validator invest in reliable, secure infrastructure to support their operations?</li></ul><p>Delegating to validators prioritizing network health through consistent participation and reliability strengthens the Polkadot and Kusama ecosystems. Validators that uphold high-performance standards and implement comprehensive security measures—such as internal compliance audits, uptime guarantees, and slashing protection—offer a more robust and secure environment for stakers.</p><p><strong>By choosing validators committed to the network's long-term health and security, token holders can contribute to a more resilient and trustworthy blockchain ecosystem.</strong></p><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/networks/polkadot?ref=p2p.org">https://p2p.org/networks/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>At P2P Validator, we've always supported the Polkadot network, offering top-notch validation services. Our tools help nominators manage their staking easily and stay informed about their returns. We're proud to contribute to the Polkadot ecosystem, including our <a href="https://maas.p2p.org/?ref=p2p.org">Monitoring as a Service</a>, which allows validator operators to track performance metrics and maintain high service standards.</p><p>As Polkadot grows, so do the challenges of maintaining it. We're revising our commission rates to keep delivering the reliable and high-quality service you expect.</p><p><strong>Upcoming Commission Rates from October 10, 2024:</strong></p><ul><li><strong>Polkadot (DOT)</strong>: Our commission will be adjusted to <strong>5%</strong></li></ul><p>This adjustment allows us to continue improving our services and contributing to the development of the Polkadot network.</p><p>We understand that fee changes can be concerning, but <strong>this decision is necessary to ensure the continued quality and sustainability of our operations.</strong></p><p><strong>What's next for P2P Validator?</strong> The road ahead is filled with promise and challenges alike. With your unwavering support and our combined efforts, we are confident we can accelerate the growth and capabilities of both networks.</p><p>Thank you to all our nominators for your continuous backing and trust. Together, we'll forge ahead toward a brighter, more decentralized future!</p><p>For a deeper dive into what we offer for Polkadot holders, please visit <a href="https://p2p.org/networks/polkadot?ref=p2p.org">https://p2p.org/networks/polkadot</a>.</p><p>Do you have questions or thoughts? Our <a href="https://t.me/P2Pstaking?ref=p2p.org"><strong>Telegram chat</strong></a> is always open for conversations. We prioritize open communication and look forward to hearing from you.</p>
from p2p validator
<p>We are excited to announce a <strong>significant update to our Polkadot Staking API</strong>, which was made possible by the dedicated efforts of our Staking API team.<br><br>In the rapidly evolving world of Web3, <strong>intermediaries like custodians, exchanges, wallets, and institutional investors are constantly seeking ways to optimize their services and provide superior value to their clients.</strong></p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-text">At P2P.org, we understand the critical role these intermediaries (for example, custodians, wallets, exchanges, and institutional investors) play in the ecosystem, and we are committed to offering solutions that enhance their operational efficiency and client offerings.</div></div><p>Our Staking API enables seamless integration and management of staking operations for Polkadot.</p><h3 id="why-choose-p2porgs-polkadot-staking-api"><strong>Why Choose P2P.org's Polkadot Staking API?</strong></h3><p>Our Staking API is tailored for businesses leveraging Polkadot's staking capabilities to enhance their service portfolio.<br><br>Here's how it can benefit your organization:</p><ol><li><strong>Streamlined Integration</strong>: Easily integrate staking functionalities into your existing systems with minimal effort, ensuring a smooth user experience for your clients. This saves you time and resources. It also enables you to integrate other networks to offer your clients various products effortlessly.</li><li><strong>Enhanced Security</strong>: Benefit from robust security features that protect your assets and ensure compliance with industry standards.</li><li><strong>Scalability</strong>: Our API supports high volumes of transactions, making it ideal for large-scale operations.</li><li><strong>Expert Support</strong>: Access our dedicated support team, which is ready to assist you with any technical challenges and ensure your integration is successful.</li><li><strong>Revenue Sharing</strong>: Benefit from a revenue-sharing model that aligns with your business goals, ensuring a mutually beneficial partnership.</li></ol><p>On top of that, our new Polkadot Staking API enhancements significantly increase the network rewards with P2P.org compared to the industry average. You can see it from this chart (check the <a href="https://dune.com/substrate/polkadot-staking?ref=p2p.org" rel="noreferrer">Dune Staking Dashboard for Polkadot and look for pools ID: 189 and 238</a>):</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/06/high-reward-polka-GRAPH-1.jpg" class="kg-image" alt loading="lazy" width="1978" height="1225" srcset="https://p2p.org/economy/content/images/size/w600/2024/06/high-reward-polka-GRAPH-1.jpg 600w, https://p2p.org/economy/content/images/size/w1000/2024/06/high-reward-polka-GRAPH-1.jpg 1000w, https://p2p.org/economy/content/images/size/w1600/2024/06/high-reward-polka-GRAPH-1.jpg 1600w, https://p2p.org/economy/content/images/2024/06/high-reward-polka-GRAPH-1.jpg 1978w" sizes="(min-width: 720px) 720px"></figure><p><strong>By enabling Nomination Pools staking via Staking API</strong>,<strong> we lowered the entry barrier for your Clients: Staking is</strong> <strong>now available starting from just 1 DOT</strong>. Before, the previous requirement was to stake at least 100K. This makes it accessible to a broader range of users.<br><br>This update provides much-needed flexibility and opportunities for our partners and clients. We believe it will foster new partnerships and help our existing partners grow their staking activities quickly and efficiently.</p><h3 id="how-does-the-integration-work"><strong>How does the Integration Work?</strong></h3><p>Our Staking API is designed to be intuitive and easy to implement. Here's a brief overview of the process:</p><ol><li><strong>Integration</strong>: Use <a href="https://docs.p2p.org/docs/staking-polkadot-public?ref=p2p.org" rel="noreferrer">our step-by-step documentation</a> and support resources to integrate the API into your platform easily. Approximate ETA: 3 days!</li><li><strong>On-demand support</strong>: Our integration team is ready to support you with any questions and doubts to lead to a successful integration</li><li><strong>Staking</strong>: Get your first stake and enjoy!</li></ol><h3 id="case-study"><strong>Case Study</strong></h3><p>Consider a scenario in which the CEO of a financial services company is seeking new revenue streams and ways to enhance client satisfaction. By integrating P2P.org's Staking API directly into their platform, the company can achieve several key objectives:</p><ol><li><strong>Operational Efficiency</strong>: By integrating our Staking API, the company can streamline staking operations, reducing manual effort and increasing reliability.</li><li><strong>Competitive Advantage</strong>: Our API optimizes the staking process, resulting in higher protocol rewards than other solutions (see the chart above: Our integration has historically provided higher staking rewards over the same period than others.). This positions the company as a leader in the market, providing an unparalleled staking experience that attracts more clients.</li><li><strong>Client Satisfaction</strong>: Thanks to reliable performance, your client satisfaction improves significantly. Our service boasts a 99% uptime SLA, ensuring that clients can stake their assets with confidence and reliability. The seamless staking experience and the promise of higher staking rewards ensure clients are more engaged and satisfied with the services.</li></ol><p>Contact us today to learn more about how our API can benefit your organization.</p><h3 id="person-of-contact">Person of contact:</h3><p>Polkadot Staking: <a href="mailto:[email protected]" rel="noreferrer">Alexander Tishin </a><br>Staking API integration: <a href="mailto:[email protected]" rel="noreferrer">Alessandro Maci</a><br><br>Let's continue to innovate and achieve great things together!</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Polkadot/Kusama network since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a><br><br></p>
from p2p validator
<p>We have exciting news that will boost your staking returns!</p><p>From <strong>June 1st to June 30th</strong>, we’re launching a special promotion to reduce fees to an incredible <strong>0.5%</strong> for a select group of our validators in the Polkadot network. With our dynamic fee structure, you can enjoy better returns and a more rewarding staking experience.</p><p><strong>What’s New:</strong></p><ul><li><strong>Dynamic Fee Structure:</strong> We’re temporarily lowering the fees to <strong>0.5%</strong> for a subset of our validators. This subset changes approximately monthly, so you can always access <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> validators with reduced costs.</li><li><strong>Better Returns:</strong> With lower fees during this promo period, you can earn more from your staking.</li><li><strong>Monthly Rotating Low-Fee Validators:</strong> A new set of <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> validators will be chosen monthly. This ensures you can always stake with low-fee validators, regardless of when you start staking.</li><li><strong>Fair and Transparent:</strong> We’re all about transparency. The rotation of low-fee validators will be clear and balanced, and each <a href="http://p2p.org/?ref=p2p.org">r</a>otation will be announced on <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> communities on Telegram and Twitter. Stay tuned!</li></ul><p><strong>How It Works:</strong></p><ul><li>From <strong>June 1st to June 30th</strong>, take advantage of the <strong>0.5%</strong> fee with these validators:</li></ul><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">13uW7auWPX9WAtqwkBx7yagb78PLcv8FAcPZEVCovbXoNJK4 12ud6X3HTfWmV6rYZxiFo6f6QEDc1FF74k91vF76AmCDMT4j 145Vw57NN3Y4tqFNidLTmkhaMLD4HPoRtU91vioXrKcTcirS</div></div><ul><li>At the start of each month, we’ll announce the new validators with reduced fees for the next period. The current validators’ fees will then return to our standard rate (4.5% as of May 2024).</li></ul><p>Remember, this reduced fee is a special promotion and not permanent. Make sure to take advantage of it while it lasts!</p><p>We’re thrilled about these changes and believe they’ll make a significant difference for you. Thank you for being part of the <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> community and for your continued support.</p><p>If you have any questions or want to discuss this further, our support team is here to help.</p><p>Happy Staking!</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7 billion from over 10,000 delegators/nominators across 40+ high-class networks. We have actively participated in the Polkadot/Kusama network since the beginning.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> chat or contact Alex via <a href="mailto:[email protected]">[email protected]</a>. We are always open to communication.</p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<hr><h3 id="a-breakthrough-in-validator-performance-monitoring-for-polkadot-and-kusama-networks">A Breakthrough in Validator Performance Monitoring for Polkadot and Kusama Networks</h3><p><a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> Validator introduces a Validator Monitoring Service designed to enhance the performance and security of validators within the <a href="https://polkadot.network/?ref=p2p.org" rel="noreferrer">Polkadot</a> and <a href="https://kusama.network/?ref=p2p.org" rel="noreferrer">Kusama</a> networks. This project, supported by the Web 3 Foundation <a href="https://grants.web3.foundation/applications/Validator_Monitoring_Service?ref=p2p.org">grant</a>, showcases our commitment to advancing blockchain technology through strategic innovation.</p><p><strong>What to try?</strong><br><br>Discover our service on our <a href="https://maas.p2p.org/?ref=p2p.org">website</a>, which is accessible via our cloud-based Telegram bot or by cloning our repository for local deployment from our <a href="https://github.com/p2p-org/polkadot_monitoring_service?ref=p2p.org">GitHub</a>. Follow our use <a href="https://p2p.org/economy/validator-monitoring-service-user-guide/">guide</a> to feel our product features. Everything we offer is open-source.</p><figure class="kg-card kg-bookmark-card"><a class="kg-bookmark-container" href="https://p2p.org/economy/validator-monitoring-service-user-guide/"><div class="kg-bookmark-content"><div class="kg-bookmark-title">Validator Monitoring Service User Guide</div><div class="kg-bookmark-description">Welcome to the Validator Monitoring Service User Guide. This comprehensive guide is designed to help you effortlessly set up and navigate through our monitoring service, ensuring you have all the tools and knowledge to monitor your validator’s performance effectively. Find our Monitoring tool by using a tg bot. Telegram bot</div><div class="kg-bookmark-metadata"><img class="kg-bookmark-icon" src="https://p2p.org/economy/content/images/2020/09/favicon.ico" alt><span class="kg-bookmark-author">P2P.org Blog: Insights, Guides, and News</span><span class="kg-bookmark-publisher">Alex Tishin</span></div></div><div class="kg-bookmark-thumbnail"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot-validator.jpg" alt></div></a></figure><h3 id="overview-of-the-validator-monitoring-service"><strong>Overview of the Validator Monitoring Service</strong></h3><p>Our service is meticulously designed to provide real-time data and comprehensive performance analysis of validators, addressing a critical gap in the existing ecosystem. The service stands out with its unique features:</p><ol><li><strong>Real-Time Performance Data:</strong> Offering insights into validators' active participation in consensus and their role in blockchain security.</li><li><strong>Comparative Analysis:</strong> Enabling users to compare performance metrics with other validators.</li><li><strong>Historical Data Access:</strong> Providing up to one month of stored data for in-depth performance analysis.</li></ol><div class="kg-card kg-button-card kg-align-center"><a href="https://maas.p2p.org/?ref=p2p.org" class="kg-btn kg-btn-accent">Try MaaS (Monitoring as a Service) now!</a></div><h3 id="innovative-features-and-customization"><strong>Innovative Features and Customization</strong></h3><p>Our monitoring tool extends beyond traditional data tracking by incorporating a flexible alerting system that can be tailored via a Telegram interface. This customization allows users to define specific alert thresholds, adapting the tool to their operational needs and enhancing responsiveness to network conditions.</p><h3 id="key-benefits-for-the-community"><strong>Key Benefits for the Community</strong></h3><p>Our service is strategically designed to serve multiple stakeholders within the blockchain ecosystem:</p><ul><li><strong>Validator Operators:</strong> This is especially beneficial for small teams and independent validators, aiding in compliance with strict program requirements and enhancing performance.</li><li><strong>Nominators:</strong> Empowers nominators with detailed comparisons, optimizing their decisions in selecting validators.</li><li><strong>Foundation: </strong>Assists in identifying and addressing security vulnerabilities and enhancing network robustness.</li></ul><h3 id="unique-advantages-over-existing-solutions"><strong>Unique Advantages Over Existing Solutions</strong></h3><p>Our service differentiates itself through:</p><ul><li><strong>Ease of Use:</strong> Easy setup with a Telegram bot.</li><li><strong>Extensive Data Collection:</strong> Providing granular data, including participation in consensus, selection as a para-validator, and session-specific metrics.</li><li><strong>Dedicated Support and Maintenance:</strong> It is backed by one of the largest validators in the network, ensuring reliability and ongoing improvements.</li></ul><h3 id="project-details-and-system-workflow"><strong>Project Details and System Workflow</strong></h3><ul><li><strong>Convenient User Interface:</strong> Powered by a Telegram bot for easy dashboard creation and management.</li><li><strong>Efficient Data Collection Process:</strong> Utilizing exporters from the Blockchain for real-time and historical data.</li><li><strong>Comprehensive Metrics:</strong> This covers a wide range of indicators, including general, validator-specific, para-validator points, and finality metrics.</li></ul><p>Available through both cloud-based and self-hosted configurations, our service offers flexibility to accommodate different user preferences and security requirements.</p><h3 id="our-team-and-experience"><strong>Our Team and Experience</strong></h3><p>Led by a team of seasoned professionals, <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> Validator brings extensive experience in maintaining validators and developing monitoring tools within the Polkadot and Kusama networks.</p><h3 id="expanding-our-services-validator-operations-and-staking-opportunities"><strong>Expanding Our Services: Validator Operations and Staking Opportunities</strong></h3><p>We also offer comprehensive validator services for the <a href="https://p2p.org/networks/polkadot?ref=p2p.org">Polkadot</a> and <a href="https://p2p.org/networks/kusama?ref=p2p.org">Kusama</a> networks. Stake your DOT with us for a secure and reliable experience. For substantial stakes, especially over 200K DOT, <strong>we provide exclusive benefits and opportunities to maximize returns</strong> while supporting network security.</p><p></p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/networks/polkadot?ref=p2p.org" class="kg-btn kg-btn-accent">Stake your $DOT</a></div><p></p><h3 id="join-us-in-advancing-blockchain-security-and-performance"><strong>Join Us in Advancing Blockchain Security and Performance</strong></h3><p><a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> Validator: Enhancing Network Security and Performance through Advanced Monitoring Solutions. We invite you to be part of this innovative journey to uplift the standards of validator performance monitoring in the Polkadot and Kusama networks.</p><hr><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $2 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been actively participating in the Polkadot network since the beginning.</p><hr><h1 id="about-web3-foundation"><strong>About</strong> Web3 Foundation</h1><p>Web3 Foundation funds research and development teams building the technology stack of the decentralized web. Ethereum co-founder and former CTO Gavin Wood established it in Zug, Switzerland. Polkadot is the Foundation's flagship project.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>Welcome to the Validator Monitoring Service User Guide. This comprehensive guide is designed to help you effortlessly set up and navigate through our monitoring service, ensuring you have all the tools and knowledge to monitor your validator's performance effectively. Find our Monitoring tool by using a tg <a href="https://t.me/p2pvalidator_monitoring_bot?ref=p2p.org">bot</a>.</p><h2 id="telegram-bot">Telegram bot</h2><p>The heart of the Validator Monitoring System lies within its Telegram <a href="https://t.me/p2pvalidator_monitoring_bot?ref=p2p.org">bot</a>, your direct line to real-time Grafana dashboard insights and blockchain event alerts for your validator. Its intuitive subscription feature stands out for its ease of customization, allowing you to tailor alerts to your needs.</p><h3 id="getting-started"><strong>Getting Started</strong></h3><p>Upon your first interaction with the Telegram bot, initiate the conversation with a "Start" command or refresh your session with <strong><code>/start</code></strong>. This action will reveal the main interface of the monitoring tool.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2017.46.29.png" class="kg-image" alt loading="lazy" width="880" height="1038" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2017.46.29.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2017.46.29.png 880w" sizes="(min-width: 720px) 720px"></figure><p></p><p>The main interface presents three pivotal options:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.03.50.png" class="kg-image" alt loading="lazy" width="892" height="486" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.03.50.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.03.50.png 892w" sizes="(min-width: 720px) 720px"></figure><p></p><ol><li><strong>Open Grafana</strong>: This button grants immediate access to live Grafana dashboards, enabling you to monitor validator performance across various filters.</li><li><strong>Manage Subscriptions</strong>: This option leads to a menu for subscribing to validator-related events, highlighting the service's flexibility in tracking performance metrics.</li><li><strong>Help</strong>: Users can contact our support team here for service-related queries.</li></ol><h3 id="grafana-dashboard">Grafana dashboard</h3><p>Our service encompasses specialized dashboards for networks like Polkadot/Kusama and Moonbeam/Moonriver, among other parachains, providing a comprehensive view of your validator's activities.</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">General indicators: we track session/era progression and staking data. Validator data per epoch: we provide information on rewards points, active validators, and their position in the active set.</div></div><p></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png" class="kg-image" alt loading="lazy" width="1476" height="788" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png 1000w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.17.46.png 1476w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Era and epoch points for ParaValidators: We monitor ParaValidator points earned and their relation to the network's average, median, and 95th percentile.</div></div><p></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png" class="kg-image" alt loading="lazy" width="2000" height="1263" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 1600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.18.06.png 2000w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Finality metrics (GRANDPA): We track blocks' prevotes and precommits and their ratio to ideally processed blocks.</div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png" class="kg-image" alt loading="lazy" width="2000" height="1061" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 1600w, https://p2p.org/economy/content/images/size/w2400/2024/03/Screenshot-202024-03-19-20at-2012.17.52.png 2400w" sizes="(min-width: 720px) 720px"></figure><p></p><p>Also, a user can easily switch between the parachains dashboard to track the collators' performance. </p><h3 id="mastering-subscriptions"><strong>Mastering Subscriptions</strong></h3><p>Subscribing to on-chain events is simplified through our customizable alerting templates. Begin by adding accounts to monitor under "My accounts" and proceed to "Add account" for specific tracking.</p><figure class="kg-card kg-image-card kg-width-full"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.04.58.png" class="kg-image" alt loading="lazy" width="680" height="1498" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.04.58.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.04.58.png 680w"></figure><p><br><strong>Add accounts to track</strong></p><p>To subscribe to the alerts, the first thing you need to do is to add accounts that you would like to track. Click "My accounts" and "+ Add account" on the next screen to do it.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.05.21.png" class="kg-image" alt loading="lazy" width="888" height="620" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.05.21.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.05.21.png 888w" sizes="(min-width: 720px) 720px"></figure><p><br>Our service covers Polkadot, Kusama, Acala, Karura, Moonbeam, and Moonriver networks, allowing for the addition of up to 15 accounts. Once your accounts are set, delve into specific alert configurations to fine-tune your monitoring needs. When adding new accounts, you can either search the accounts based on the<strong> </strong>first letters or paste the whole address:</p><hr><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot1.jpg" class="kg-image" alt loading="lazy" width="848" height="1601" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot1.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot1.jpg 848w" sizes="(min-width: 720px) 720px"></figure><hr><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot2.jpg" class="kg-image" alt loading="lazy" width="848" height="954" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot2.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot2.jpg 848w" sizes="(min-width: 720px) 720px"></figure><p>You can scroll your accounts, adding new ones and deleting old ones. When you are ready, press "Back" and continue configuring specific alerts.</p><hr><p><strong>Configure the alert</strong></p><p>Configuring alerts is straightforward. Choose an alert from the list under "My Subscription" and follow the prompts to tailor the alert parameters to your preferences. The system facilitates the testing of alerts to ensure operability and allows for easy management of active or critical alerts through visual indicators.</p><hr><p>Example of Polkadot Finality pre-commits ratio alert:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot3.jpg" class="kg-image" alt loading="lazy" width="848" height="2112" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot3.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot3.jpg 848w" sizes="(min-width: 720px) 720px"></figure><hr><p>Example of Moonbeam blocks production metric:</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.03.png" class="kg-image" alt loading="lazy" width="916" height="612" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2015.19.03.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.03.png 916w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.19.png" class="kg-image" alt loading="lazy" width="932" height="584" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2015.19.19.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.19.png 932w" sizes="(min-width: 720px) 720px"></figure><p>Test alert example (to check if everything works):</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.50.png" class="kg-image" alt loading="lazy" width="990" height="426" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.07.50.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.50.png 990w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.56.png" class="kg-image" alt loading="lazy" width="988" height="430" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.07.56.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.07.56.png 988w" sizes="(min-width: 720px) 720px"></figure><hr><p>After configuring alerts, on the screen with the alerts list, you may see which alerts are active (green button) or fire emoji (meaning that the threshold is violated). </p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.55.png" class="kg-image" alt loading="lazy" width="730" height="664" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-03-19-20at-2015.19.55.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-03-19-20at-2015.19.55.png 730w" sizes="(min-width: 720px) 720px"></figure><h3 id="emoji-explanations">Emoji explanations:</h3><p>➕ - Set alert<br>⏳ - Waiting for activation<br>🟢 - Alert is ready<br>⁉️ - Alert added, but activation failed for some reasons (<a href="mailto:[email protected]." rel="noreferrer">Contact US</a>)<br>🔥 - Alert expecting<br>🔥🔥🔥 - FIRE!!! You will receive an alert soon</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Also, do not forget to unmute the alert by clicking the “Mute/Unmute” button on the main screen.</div></div><p></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.09.30.png" class="kg-image" alt loading="lazy" width="722" height="250" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Screenshot-202024-02-29-20at-2012.09.30.png 600w, https://p2p.org/economy/content/images/2024/03/Screenshot-202024-02-29-20at-2012.09.30.png 722w" sizes="(min-width: 720px) 720px"></figure><h3 id="support"><br>Support</h3><p>The feedback section allows users to share their thoughts or issues with the administration team. Although it's a one-way communication channel, rest assured that necessary follow-ups will be made if required.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/03/Polkadot4.jpg" class="kg-image" alt loading="lazy" width="848" height="1202" srcset="https://p2p.org/economy/content/images/size/w600/2024/03/Polkadot4.jpg 600w, https://p2p.org/economy/content/images/2024/03/Polkadot4.jpg 848w" sizes="(min-width: 720px) 720px"></figure><p>We eagerly anticipate your feedback and are excited to help you leverage our Validator Monitoring Tool for optimal performance oversight.</p><h2 id="getting-started-with-your-own-instance"><br><strong>Getting Started with Your Own Instance</strong></h2><p>To provide you with a seamless experience, we have developed a fully self-sufficient, dockerized container for you to run your own instance of the monitoring service. Detailed technical instructions are available in the README section of our GitHub repository. Here’s a brief overview to get you started:</p><ol><li><strong>Install Docker and Docker Compose</strong>: Ensure these are set up on your system to proceed with the installation.</li><li><strong>Configure RPC Endpoints</strong>: Verify and adjust the RPC endpoints in the provided <strong><code>.env</code></strong> files to match your setup (for polkadot, kusama, acala, karura, moonbeam, mooriver).</li><li><strong>Set Up the bot .env File</strong>: Create a Telegram bot through @botfather and set up an admin Telegram group, including all team members. This bot will funnel user queries to the admin group.</li><li><strong>Launch the Service</strong>: Use the following command to start the service for the desired networks: You can extend the service to other networks by adding additional <strong><code>.yml</code></strong> files such as <strong><code>-f acala.yml</code></strong>, <strong><code>-f karura.yml</code></strong>, etc.</li></ol><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-text"><b><strong style="white-space: pre-wrap;">docker-compose</strong></b> -f docker-compose.yml -f polkadot.yml -f kusama.yml up</div></div><p></p><ol start="5"><li><strong>Explore the Telegram Bot:</strong> The bot provides access to your Grafana dashboard and allows you to subscribe to events related to validator performance.</li><li><strong>Access the Grafana Dashboard</strong>: Visit <a href="http://127.0.0.1:3000/?ref=p2p.org">http://127.0.0.1:3000</a> to view your dashboard (default credentials: <strong><code>admin</code></strong> / <strong><code>admin</code></strong>, with a prompt to change on the first login).</li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $2 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been actively participating on the Polkadot network since the beginning.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p></p><h2 id="intro">Intro</h2><p>We are thrilled to announce a strategic partnership with P2P.org, a prominent player in the cryptocurrency staking landscape. This collaboration <strong>will empower CoolWallet users with seamless access and top-tier security for non-custodial Polkadot (DOT) staking</strong>, made possible through P2P.org's institutional-grade staking solution and CoolWallet's cutting-edge security technology. This partnership underscores our shared commitment to delivering secure and user-centric solutions in the crypto space.<br></p><p>Founded in 2018, P2P.org is dedicated to providing staking services and has emerged as a leading proof-of-stake validator and RPC node provider. P2P.org assists investors in compounding their cryptocurrency investments and offers high uptime and secure staking with advanced monitoring and support.</p><div class="kg-card kg-button-card kg-align-center"><a href="https://p2p.org/?ref=p2p.org" class="kg-btn kg-btn-accent">P2P.org official website</a></div><p></p><p>Since 2021, the CoolWallet Pro, a credit card-sized hardware wallet designed for mobile use, has safeguarded the crypto assets of over 300,000 users worldwide, reaffirming our commitment to global asset security. With advanced security features like an EAL6+ rated Secure Element, CoolWallet Pro redefines crypto management, offering a secure and user-friendly web3 experience anytime, anywhere.</p><div class="kg-card kg-button-card kg-align-center"><a href="https://www.coolwallet.io/?ref=p2p.org" class="kg-btn kg-btn-accent">CoolWallet official website</a></div><p></p><h2 id="partnership">Partnership</h2><p>CoolWallet and P2P.org aim to set a new standard for DOT staking through this partnership. Our shared <strong>goal is to elevate the non-custodial staking experience, ensuring it is not only efficient but also fortified by state-of-the-art security measures.</strong> This collaboration significantly benefits users by combining P2P.org's user-centric staking solutions with CoolWallet's renowned intuitive product design.<br></p><p>CoolWallet's dedication to a seamless user experience and maximum security aligns perfectly with our decentralized philosophy at P2P.org. Together, we are committed to driving the mainstream adoption of cryptocurrency while ensuring that our platform remains at the forefront of technological innovation and advanced asset security.<br></p><p>This partnership represents a significant leap forward in our mission to provide comprehensive, secure, and efficient non-custodial staking services, catering to institutional users and the broader cryptocurrency community. We take immense pride in partnering with CoolBitX, leveraging their security expertise to enhance our staking services.<br></p><h2 id="contact-us">Contact us</h2><p>For more in-depth insights into staking knowledge and its benefits for DOT stakers, please visit <a href="https://p2p.org/?ref=p2p.org">P2P's official website</a>.</p>
from p2p validator
<div class="kg-card kg-callout-card kg-callout-card-red"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">This guide outlines the steps to create a Vara Account and stake your assets in Vara. Contact us for those holding over 1M VARA to learn about special staking conditions.</div></div><h2 id="create-vara-account">Create Vara account</h2><p>To create a Vara account, use popular substrate-based wallets such as SubWallet, Talisman, or the Polkadot.js browser extension. For secure storage, consider Polkadot Vault. Note that Ledger support is not yet available. Being Substrate-based, Vara supports any keypair compatible with sr25519.</p><p><strong>Remember, your seed phrase is crucial for account access. If lost, you can restore your account with it, but if someone else gets it, they can access it. </strong>Store your seed securely on encrypted hard drives, non-digital devices, or ideally on paper, and protect it from physical damage. Never store it on an internet-connected device.</p><h2 id="staking-vara">Staking Vara</h2><p>Here's how to stake Vara tokens via the user-friendly staking dashboard at <a href="http://staking.vara-network.io/?ref=p2p.org" rel="noopener noreferrer">staking.vara-network.io</a>. Alternative methods include the Polkadot js <a href="https://wiki.vara-network.io/docs/staking/nominate?ref=p2p.org#via-polkadotjs-app" rel="noopener noreferrer">portal</a> and wallets like <a href="https://wiki.vara-network.io/docs/staking/nominate?ref=p2p.org#via-subwallet" rel="noopener noreferrer">SubWallet</a>.</p><ol><li>On the dashboard at <a href="http://staking.vara-network.io/?ref=p2p.org" rel="noopener noreferrer">staking.vara-network.io</a>, locate and click on the <em>Nominate</em> tab, then select <em>Start Nominating</em>. Before proceeding, check the minimum stake required for rewards in the dashboard's upper right corner to be eligible to earn rewards.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/Untitled-9.png" class="kg-image" alt loading="lazy" width="2000" height="889" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Untitled-9.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Untitled-9.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Untitled-9.png 1600w, https://p2p.org/economy/content/images/2023/12/Untitled-9.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>2. Choose how you'd like to receive staking rewards:</p><ul><li><strong>Compound</strong>: Automatically send your rewards into staking.</li><li><strong>To Your Account</strong>: Transfer rewards directly to your account.</li></ul><p>Choose your preference and click <em>Continue</em>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/Untitled-10.png" class="kg-image" alt loading="lazy" width="2000" height="894" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Untitled-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Untitled-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Untitled-10.png 1600w, https://p2p.org/economy/content/images/size/w2400/2023/12/Untitled-10.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>3. In the next step, select <a href="http://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.org</a> validators:</p><div class="kg-card kg-callout-card kg-callout-card-blue"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><a href="http://p2p.org/?ref=p2p.org" rel="noopener noreferrer">P2P.org</a> validators are: kGjHi4aF1zDb2JT48MvbnewABfaNALErUmE37MA4mz3TPNDow kGihcNQrRgRLYuQDRJz8wdWNAi2ZXY47ythXqNn7xZJWXFsHU kGj8KXh6hsXu9qVK5ZbPsuuzp9dhRoGph5TkgMr7RfMVY4GLM kGiaJX7Q9BqL1paxJQ46Xg6XzSHKKsYThafPM3NL1VvtjXymT</div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/Untitled-11.png" class="kg-image" alt loading="lazy" width="2000" height="902" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Untitled-11.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Untitled-11.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Untitled-11.png 1600w, https://p2p.org/economy/content/images/size/w2400/2023/12/Untitled-11.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>4. Finally, input the amount you wish to stake and confirm by clicking <em>Start nominating</em>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/Untitled-12.png" class="kg-image" alt loading="lazy" width="2000" height="888" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Untitled-12.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Untitled-12.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Untitled-12.png 1600w, https://p2p.org/economy/content/images/2023/12/Untitled-12.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>Staking will become active in the next 12-24 hours. You can monitor the status and effectiveness of your nominations from the same <em>Nominate</em> tab.</p><h2 id="staking-vara-via-nomination-pool">Staking Vara via nomination pool</h2><p>Vara offers a nomination pool system for smaller token holders, allowing you to earn rewards with a stake as small as 1 VARA.</p><p>In this guide, we will follow you on the steps to stake your Vara tokens using the most user-friendly way via the staking dashboard at <a href="https://staking.vara-network.io/?ref=p2p.org">staking.vara-network.io</a>. There are alternative ways to stake via Polkadot js <a href="https://wiki.vara-network.io/docs/staking/nominate?ref=p2p.org#via-polkadotjs-app">portal</a> and wallets (for example, <a href="https://wiki.vara-network.io/docs/staking/nominate?ref=p2p.org#via-polkadotjs-app-using-subwallet-browser-as-an-example">SubWallet</a>).</p><p>1. Click on Join on the Pools tab on the staking.vara-network.io dashboard.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/Untitled-13.png" class="kg-image" alt loading="lazy" width="2000" height="921" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Untitled-13.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Untitled-13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Untitled-13.png 1600w, https://p2p.org/economy/content/images/2023/12/Untitled-13.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>2. Choose an active pool from the list to ensure you're eligible for rewards.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/Untitled-14.png" class="kg-image" alt loading="lazy" width="2000" height="921" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Untitled-14.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Untitled-14.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Untitled-14.png 1600w, https://p2p.org/economy/content/images/2023/12/Untitled-14.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>3. Enter the amount you wish to stake in the selected pool and confirm by clicking <em>Submit</em>.</p><div class="kg-card kg-callout-card kg-callout-card-red"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">Pool staking rewards are not claimed automatically. It would be best if you claimed them periodically.</div></div><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2023/12/Untitled-15.png" class="kg-image" alt loading="lazy" width="2000" height="921" srcset="https://p2p.org/economy/content/images/size/w600/2023/12/Untitled-15.png 600w, https://p2p.org/economy/content/images/size/w1000/2023/12/Untitled-15.png 1000w, https://p2p.org/economy/content/images/size/w1600/2023/12/Untitled-15.png 1600w, https://p2p.org/economy/content/images/2023/12/Untitled-15.png 2000w" sizes="(min-width: 720px) 720px"></figure><p>Like direct staking, pool staking will be operational within 12-24 hours, and you can track the progress in the <em>Pools </em>tab.</p><p>All credits for used materials belong to Vara Network; please refer to the official <a href="https://wiki.vara-network.io/docs/account/create-account?ref=p2p.org">guide</a> on how to create an account and <a href="https://wiki.vara-network.io/docs/staking/nominate?ref=p2p.org">guide</a> for staking for more detailed information.</p><h2 id="about-p2p-validator">About P2P Validator</h2><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $2 billion by over 10,000 delegators/nominators across 25+ high-class networks.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a> is pleased to announce the introduction of its Nomination Pool on the Polkadot network. Polkadot has established itself as a leader in the blockchain industry since 2020, known for its security, decentralization, and energy efficiency. Staking on Polkadot has been challenging, particularly for users without a technical background. Our new nomination pool addresses these issues.</p><h3 id="introducing-nomination-pools-staking-made-simple-and-accessible"><strong>Introducing Nomination Pools: Staking Made Simple and Accessible!</strong></h3><p>Traditionally, staking required substantial DOT holdings and a detailed understanding of validators, making it complex and often inaccessible. Introducing nomination pools is a significant step in Polkadot's development, simplifying the staking process.</p><p>Pool name: <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> nomination pool: 4.5% fee (creator account: 13YA8vMJxR8BjQgRFLMBz7MtL173HUGyU4wjUXK84LJXcDRP and stash account 13UVJyLnbVp8c4FQeiGQNRTXs4HEwemqcVLmuJwTuP2Uekwo)</p><h3 id="why-choose-p2porgs-nomination-pool"><strong>Why Choose P2P.org's Nomination Pool?</strong></h3><ul><li><strong>Low Entry Barrier:</strong> Start staking with a minimum of 1 DOT.</li><li><strong>Effortless Participation:</strong> We handle nomination complexities on your behalf.</li><li><strong>Proportional Rewards:</strong> Receive rewards in proportion to your stake, similar to direct nominations.</li><li><strong>Secure Pool Management:</strong> Our managed pool ensures balanced economic incentives and network security.</li><li><strong>Transparency:</strong> Regular updates and clear visibility on operations and rewards.</li><li><strong>Continuous Support:</strong> Our dedicated support team is available 24/7 for any inquiries.</li><li><strong>Competitive Fee:</strong> Our 4.5% staking fee on <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> validators includes no additional charges.</li></ul><h2 id="how-to-join"><strong>How to Join:</strong></h2><p>Joining the <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> nomination pool is straightforward. Please follow our <a href="https://p2p.org/economy/how-to-join-polkadot-nomination-pool/">instructions</a>.</p><h2 id="key-differences-nomination-pools-vs-direct-nomination"><strong>Key Differences: Nomination Pools vs. Direct Nomination</strong></h2> <!--kg-card-begin: html--> <table> <thead> <tr> <th>Criteria</th> <th>Direct Nomination</th> <th>Joining a Pool</th> </tr> </thead> <tbody> <tr> <td><strong>Minimum Stake</strong></td> <td>Minimum 250 DOT</td> <td>Minimum 1 DOT</td> </tr> <tr> <td><strong>Rewards Management</strong></td> <td>Automatically compounded or sent to any account</td> <td>Rewards can be manually claimed to the pool member's account and be bonded again</td> </tr> <tr> <td><strong>Slashing Risk</strong></td> <td>All active nominators are subjected to slashing</td> <td>All pool members are subjected to slashing</td> </tr> <tr> <td><strong>Bond and Stake Duration</strong></td> <td>Can bond and stake DOT indefinitely</td> <td>Can bond and stake DOT until the pool exists</td> </tr> <tr> <td><strong>Unbonding Period</strong></td> <td>28 days, can switch validators without unbonding</td> <td>28 days, need to unbond before switching to a different pool</td> </tr> <tr> <td><strong>Governance Participation</strong></td> <td>Possible with staked tokens</td> <td>Not possible with staked tokens</td> </tr> <tr> <td><strong>Reward Claiming</strong></td> <td>Rewards payout can be triggered permissionlessly by anyone</td> <td>The pool member must claim the rewards</td> </tr> <tr> <td><strong>Fund Management</strong></td> <td>Bonded funds remain in your account</td> <td>Bonded funds are transferred to a pool account administered by the network protocol</td> </tr> <tr> <td><strong>Validator Management</strong></td> <td>Nominator manages the list of staked validators (up to 16)</td> <td>Nominations managed by the pool operator</td> </tr> </tbody> </table> <!--kg-card-end: html--> <h2 id="join-us-today"><strong>Join Us Today!</strong></h2><p>Secure your DOTs with <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> and be part of the evolving world of Polkadot staking. Join us in securing the network and shaping the future of decentralized finance.</p><h3 id="ledger-guides">Ledger guides</h3><ol><li><a href="https://support.ledger.com/hc/en-us/articles/360018131260?docs=true&ref=p2p.org">Ledger’s guide on staking Polkadot (DOT) thought Ledger Live</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7402653416477-How-to-use-the-Polkadot-Staking-Dashboard?docs=true&ref=p2p.org">Ledger’s guide on using Polkadot Staking dashboard</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/4403056215825-Set-up-and-use-polkadot-js-to-access-your-Ledger-Polkadot-DOT-accounts?docs=true&ref=p2p.org">Ledger’s guide on set up and use polkadot js to access your ledger Polkadot (DOT) accounts</a> and <a href="https://support.ledger.com/hc/en-us/articles/4416512532625-Set-up-and-use-polkadot-js-to-access-your-Ledger-Kusama-KSM-account?docs=true&ref=p2p.org">guide Kusama (KSM) accounts</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org">Ledger’s guide on how to join a polkadot nomination pool</a></li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $2 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been actively participating in the Polkadot network since the beginning.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>This guide will follow through the process of joining the <a href="http://p2p.org/?ref=p2p.org">P2P.ORG</a> nomination pool.<br></p><h2 id="joining-a-nomination-pool"><strong>Joining a Nomination Pool</strong></h2><p><strong>Bonding Requirements</strong>: Note that pooling your DOTs requires bonding them, and once pooled, it takes 28 days to withdraw them.</p><ol><li><strong>Visit the </strong><a href="https://staking.polkadot.network/?ref=p2p.org"><strong>Polkadot Staking Dashboard</strong></a><strong> and locate the Pools tab.</strong></li></ol><p>Link your Polkadot account to the Polkadot Staking Dashboard. This is the official portal for managing your staking. You can attach any Polkadot-supported account like SubWallet, Talisman, the Polkadot.js browser extension, and many others. It's also possible to attach your Ledger device or Polkadot Vault.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-27-20at-2015.52.39-1.png" class="kg-image" alt loading="lazy" width="2000" height="783" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-27-20at-2015.52.39-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-27-20at-2015.52.39-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/Screenshot-202024-05-27-20at-2015.52.39-1.png 1600w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-27-20at-2015.52.39-1.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="2"><li><strong>Navigate to the "All Pools" tab:</strong> enter the name of <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> Pool: <a href="http://p2p.org/?ref=p2p.org">P2P.org</a> Slashing Protected Pool and tap "More."</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-27-20at-2015.58.00-1.png" class="kg-image" alt loading="lazy" width="2000" height="640" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-27-20at-2015.58.00-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-27-20at-2015.58.00-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/Screenshot-202024-05-27-20at-2015.58.00-1.png 1600w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-27-20at-2015.58.00-1.png 2000w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"> Note that the bonded funds are transferred to a pool account administered by the network protocol and are not accessible to anyone else. <br><br>See <a href="https://wiki.polkadot.network/docs/learn-account-advanced?ref=p2p.org#system-accounts">System Accounts</a> for more information.</div></div><p></p><ol start="3"><li>In the opened window, you will see the details of the P2P.org Nomination Pool. Check that the ID of the pool is correct (#238). Input the desired amount of bond to stake (1 DOT in the example - as 1 DOT is the minimum amount to stake), and choose one of the reward-claiming options. Finally, click Join Pool.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.30.24-1.png" class="kg-image" alt loading="lazy" width="2000" height="1169" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-28-20at-2012.30.24-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-28-20at-2012.30.24-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/Screenshot-202024-05-28-20at-2012.30.24-1.png 1600w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.30.24-1.png 2000w" sizes="(min-width: 720px) 720px"></figure><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">There is no automatic rewards-claiming feature.<br>It would help if you claimed rewards manually.<br>P2P.ORG is working on automating reward claims under certain conditions.<br><br>The available options are:<br><br><b><strong style="white-space: pre-wrap;">Allow Withdraw</strong></b>: Anyone can claim the rewards on your behalf as a transferable balance in your account.<br><br><b><strong style="white-space: pre-wrap;">Allow Compound</strong></b>: It grants permission to anybody to claim and compound your rewards.<br><br><b><strong style="white-space: pre-wrap;">Pemissioned</strong></b>: Only you can claim rewards.</div></div><p></p><ol start="4"><li><strong>Sign the Transaction</strong> using your wallet.</li><li>Your dashboard will show the information about the nomination pool.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.39.30-1.png" class="kg-image" alt loading="lazy" width="2000" height="898" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-28-20at-2012.39.30-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-28-20at-2012.39.30-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/Screenshot-202024-05-28-20at-2012.39.30-1.png 1600w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.39.30-1.png 2000w" sizes="(min-width: 720px) 720px"></figure><p></p><h2 id="leaving-a-nomination-pool"><br><strong>Leaving a Nomination Pool</strong></h2><ol><li><strong>Navigate to your Pool</strong>: Click' Manage' in the 'Pools' section.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-1.png" class="kg-image" alt loading="lazy" width="2000" height="898" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-1.png 1600w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-1.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="2"><li><strong>Select ‘Leave Pool’</strong>, review the unbonding amount, then click 'Submit'. Your funds will be available after 28 days in Polkadot. </li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2013.38.26-2.png" class="kg-image" alt loading="lazy" width="1190" height="508" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-28-20at-2013.38.26-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-28-20at-2013.38.26-2.png 1000w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2013.38.26-2.png 1190w" sizes="(min-width: 720px) 720px"></figure><ol start="3"><li><strong>Sign the Transaction</strong> using your wallet.</li></ol><h2 id="how-to-manually-claim-your-pool-rewards"><br><strong>How to Manually Claim Your Pool Rewards</strong></h2><p><a href="http://p2p.org/?ref=p2p.org">P2P.org</a> claims daily all validators’ rewards.<br>However, in nomination pools, <strong>rewards must be manually claimed by the pool member and then can be bonded back into the pool for compounding or used as a free balance.</strong></p><ol><li>To claim the pool’s rewards, go to the Pools tab on the Polkadot staking dashboard and check your unclaimed rewards.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-202-1.png" class="kg-image" alt loading="lazy" width="2000" height="898" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-202-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-202-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-202-1.png 1600w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2012.39.30-20copy-202-1.png 2000w" sizes="(min-width: 720px) 720px"></figure><ol start="2"><li><strong>Choose Reward Action:</strong></li></ol><ul><li>Click "Withdraw" to add staking rewards to your transferable balance.</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2013.40.54-1.png" class="kg-image" alt loading="lazy" width="1194" height="414" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-28-20at-2013.40.54-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-28-20at-2013.40.54-1.png 1000w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2013.40.54-1.png 1194w" sizes="(min-width: 720px) 720px"></figure><ul><li>Click "Compound" to return your rewards to the pool, increasing your stake.</li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2013.40.49-1.png" class="kg-image" alt loading="lazy" width="1180" height="442" srcset="https://p2p.org/economy/content/images/size/w600/2024/05/Screenshot-202024-05-28-20at-2013.40.49-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2024/05/Screenshot-202024-05-28-20at-2013.40.49-1.png 1000w, https://p2p.org/economy/content/images/2024/05/Screenshot-202024-05-28-20at-2013.40.49-1.png 1180w" sizes="(min-width: 720px) 720px"></figure><ol start="3"><li><strong>Click "Submit"</strong> and sign the transaction to claim your rewards.</li></ol><p>For more detailed information, refer to the community guide on how to join the nomination pool and how to claim rewards.</p><p>If you are using Ledger, please refer to the ledger’s <a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org">instruction</a>s on how to join the nomination pool from the ledger.</p><h3 id="ledger-guides"><strong>Ledger guides</strong></h3><ol><li><a href="https://support.ledger.com/hc/en-us/articles/360018131260?docs=true&ref=p2p.org" rel="noopener noreferrer">Ledger’s guide on staking Polkadot (DOT) thought Ledger Live</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7402653416477-How-to-use-the-Polkadot-Staking-Dashboard?docs=true&ref=p2p.org" rel="noopener noreferrer">Ledger’s guide on using Polkadot Staking dashboard</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/4403056215825-Set-up-and-use-polkadot-js-to-access-your-Ledger-Polkadot-DOT-accounts?docs=true&ref=p2p.org" rel="noopener noreferrer">Ledger’s guide on set up and use polkadot js to access your ledger Polkadot (DOT) accounts</a> and <a href="https://support.ledger.com/hc/en-us/articles/4416512532625-Set-up-and-use-polkadot-js-to-access-your-Ledger-Kusama-KSM-account?docs=true&ref=p2p.org" rel="noopener noreferrer">guide Kusama (KSM) accounts</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org" rel="noopener noreferrer">Ledger’s guide on how to join a polkadot nomination pool</a></li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider, securing over $7.6 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been presented in all Polkadot testnets and have actively participated in the Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em>Do not hesitate to ask questions in our </em><a href="https://t.me/P2Pstaking?ref=p2p.org"><em>Telegram chat</em></a><em> or contact Alex via</em> <a href="mailto:[email protected]">[email protected]</a><em>. We are always open for communication.</em></p><hr><p><strong>Web:</strong> <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Stake DOT with us:</strong> <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a></p><p><strong>Twitter:</strong> <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram:</strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>Since our inception, P2P Validator has been a staunch supporter of the Polkadot network, continuously striving to offer top-tier validation services. Our suite of developed products empowers nominators, making it convenient for them to manage their investments and gain insights into their staking returns.</p><p>Our commitment to the Polkadot network and its canary network, Kusama, remains strong, and we see immense long-term potential. However, as these networks grow and evolve, so do the challenges associated with maintaining their robustness.</p><p>To keep pace with these developments and ensure that we can sustainably deliver the quality and reliability you've come to expect, we will be implementing a fee revision.</p><p><strong>Upcoming Commission Rates from August 25, 2023:</strong></p><ul><li><strong>Polkadot (DOT)</strong>: Our commission will be adjusted to <strong>4.5%</strong>.</li><li><strong>Kusama (KSM)</strong>: Our commission will be set at <strong>15%</strong>.</li></ul><p>These modifications are essential for us to remain agile, enhance our services, and further contribute to the development of both the Polkadot and Kusama networks.</p><p>We understand that fee adjustments can raise concerns, and we assure you that this decision wasn't made lightly. It's a necessary step to ensure the continued excellence of our services and the prosperity of the Polkadot and Kusama networks as a whole.</p><p><strong>What's next for P2P Validator?</strong>The road ahead is filled with promise and challenges alike. With your unwavering support and our combined efforts, we are confident in accelerating the growth and capabilities of both networks.</p><p>A heartfelt thank you to all our nominators for your continuous backing and trust. Together, we'll forge ahead toward a brighter, more decentralized future!</p><p><strong>Exclusive Offer for 20,000+ DOT Holders</strong></p><p>For those who have staked 20,000 DOT or more, you can take advantage of our P2P rebalancing service. This tailored service not only ensures you're getting the most out of your stake but also outperforms with returns that are up to 20% higher than the network's average.</p><p>For a deeper dive into what we offer for Polkadot stakeholders, please visit <a href="https://p2p.org/networks/polkadot?ref=p2p.org">https://p2p.org/networks/polkadot</a>.</p><p>Queries or thoughts? Our <strong><a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a></strong> is always open for conversations. We prioritize open communication and look forward to hearing from you.</p>
from p2p validator
<h1></h1><p>P2P Validator has been supporting the Polkadot network from day one, <strong>providing high-quality validation services</strong> for DOT nominators. Our <strong>developed products allow nominators</strong> to easily manage investments and receive a detailed report on their staking income.</p><p><strong>We invest in the development of the Polkadot network</strong> and see long-term prospects, however, the costs of maintaining the infrastructure and product development are higher than the revenues that the validator currently receives. We have decided to <strong>set a commission of 1% starting from 5 September 2022</strong> to remain flexible and provide more sustainable services.</p><h2 id="what-have-we-done"><strong>What have we done?</strong></h2><p>We <strong>did not stop the development activity</strong> in the Polkadot network and put in more than eight months of hard work for a reduced fee. Here is a list of the <strong>most significant achievements</strong> that we have released for the Polkadot ecosystem:</p><ol><li><a href="https://p2p.org/snapshot/polkadot?ref=p2p.org">Snapshot service </a>for everyone who is running their own validators.</li><li><a href="https://github.com/p2p-org/substrate_node?ref=p2p.org">Substrate node</a>. Compact set of terraform and ansible roles for deploying substrate-based node</li><li>Received and released a grant from WEB3 Foundation for a Multi Blockchain ETL solution for blockchains with an API for the collected data. We proceed to support the infrastructure for the MBELT, spending thousands of dollars every month.</li><li>Five articles and users guides posted.</li><li><a href="https://reports.p2p.org/superset/dashboard/polkadot_sample_report/?native_filters_key=UDDVi9IA6qtvjLQ1Kdg1lZ0LK4ZYcpf5oOs_UlOMnt7mBS7cc76QJ-Vw_5uBnPYT&ref=p2p.org">P2P Dashboard</a> for Polkadot users:</li></ol><ul><li>Track and analyse nominator rewards</li><li>Different strategies performance overview</li><li>CSV reward report</li></ul><p>Product development inside the ecosystem is an essential element not only to support the Polkadot network but also as a part of the <strong>long-term growth of the community and the network value.</strong></p><h2 id="when-will-the-commission-be-increased"><strong>When will the commission be increased?</strong></h2><p>We will increase the commission to 1% starting September 5, 2022. There is a lot of work ahead, and we believe that <strong>joint efforts will accelerate the evolution of the Polkadot network.</strong></p><p>We want to <strong>thank all our nominators</strong> for their continuous support and for being with us!</p><p><strong>Special offer for <strong>20</strong>,<strong>000+</strong> DOT holders</strong></p><p>If you stake 20,000+ DOT, you can benefit from staking with P2P rebalancing service. Our optimized staking strategy provides up to 20% higher rewards than the network average. Our clients currently benefit from a 15% APR vs 13.8% net</p><p><strong>P2P plans of further developments</strong></p><p>While staying a reliable and affordable validator, P2P team plans to design and release block finalization community exporter to share our findings in tracking validator performance. We are committed to success of the Polkadot Network in the long term and hope that you can embark on this journey with us.</p><p>If you would like to know more about our offer for Polkadot please visit: <a href="https://p2p.org/networks/polkadot?ref=p2p.org">https://p2p.org/networks/polkadot</a><br><br>If you have any questions, feel free to join our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram chat</a>, we are always open for communication.</p><hr><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high class staking opportunities. At the time of the latest update, more than 1.5 billion USD value is staked with P2P Validator by over 25,000 delegators across 40+ networks.</p>
from p2p validator
<p>We are pleased to announce our collaboration with <a href="https://en.advancedblockchain.com/?ref=p2p.org">Advanced Blockchain AG</a> to manage their <a href="https://p2p.org/polkadot?ref=p2p.org">Polkadot (DOT) staking</a> activities - validating their 7-figure USD equivalent DOT balance - whilst furthering their research activity across the Polkadot Network. </p><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> has been chosen due to our unique ability to enhance the efficiency of staking portfolios across institutional stakers - specifically Polkadot - maximising their staking returns as well as their strategic positioning across blockchain staking networks. </p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h2 id="institutional-staking">Institutional Staking</h2><p>With our institutional staking services, P2P offers stakers an advanced, non-custodial staking methodology providing access to secure staking strategies for optimised APY returns. </p><p>By working with P2P Validator’s institutional staking division, Advanced Blockchain AG are able to maintain their direct DOT exposure whilst maximising their staking APY and efficiently compounding <a href="https://p2p.org/economy/3-reasons-to-stake-dot-right-now/">DOT staking rewards</a>. In addition to this, Advanced Blockchain AG can benefit from P2P’s extensive monitoring, analytic and support systems as well as around-the-clock support.</p><p>Speaking on the partnership, CEO of Advanced Blockchain AG Michael Geike commented "We are very happy to be working with P2P Validator and highly value their expertise across staking networks. Together we aim to maximise our returns while supporting and further stabilising the Polkadot ecosystem.”</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h2 id="furthering-polkadot-network-research">Furthering Polkadot Network Research</h2><p>Our mission at P2P is to advance developments within the blockchain space and to contribute to the growth of PoS networks like the <a href="https://p2p.org/economy/polkadot-overview-for-newcomers/">Polkadot Network</a>. Our vision extends beyond that of digital asset staking as we aim further research efforts across decentralisation and governance.</p><p>By partnering with Advanced Blockchain AG - a public blockchain network developer - we are able to identify innovative staking networks at an early stage whilst further growing our professional staking network. </p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><hr><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h2 id="about-p2p-validator">About P2P Validator</h2><p>P2P Validator is a leading non-custodial staking provider securing more than $3 billion in assets from across 25+ staking networks including <a href="https://p2p.org/polkadot?ref=p2p.org">Polkadot</a>, <a href="https://p2p.org/cosmos?ref=p2p.org">Cosmos</a>, <a href="https://p2p.org/solana?ref=p2p.org">Solana</a> and <a href="https://p2p.org/tezos?ref=p2p.org">Tezos</a>. Our services include transparent digital asset staking, advanced monitoring, dedicated account analyst and 24/7 support. </p><p>To learn more about our range of professional staking services across networks like Polkadot, <a href="https://p2p.org/?ref=p2p.org#contact-us">contact us</a>.</p><!--kg-card-begin: markdown--><p> </p> <!--kg-card-end: markdown--><h2 id="about-advanced-blockchain-ag">About Advanced Blockchain AG</h2><p>Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a publicly listed blockchain venture builder and ecosystem supporter in Germany. Founded in 2017, their portfolio and ecosystem development approach is centered around Web 3.0 and distributed ledger technology. To learn more about Advanced Blockchain AG and its portfolio companies, visit en.advancedblockchain.com.</p>
from p2p validator
<p>The Marlin network has announced the launch of FlowMint Stakedrop - a distribution method for the networks native POND tokens amongst delegators staking DOT, ATOM, NEAR and IRIS. </p><p>All delegators staking these tokens with P2P Validator will be able to participate in the Marlin FlowMint Stakedrop to earn extra POND tokens.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/12/02--1-.png" class="kg-image" alt loading="lazy" width="1280" height="720" srcset="https://p2p.org/economy/content/images/size/w600/2020/12/02--1-.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/12/02--1-.png 1000w, https://p2p.org/economy/content/images/2020/12/02--1-.png 1280w" sizes="(min-width: 720px) 720px"></figure><p>It is expected that 20% of Marlin's POND tokens will be distributed daily pro-rata amongst participants who are currently staking their digital assets.</p><h3 id="the-marlin-network">The Marlin Network</h3><p>Marlin is a layer-0 protocol focused on network-layer performance, security and robustness. It speeds up block propagation of existing blockchains to enable higher throughput. Marlin nodes compete with one another to transmit blocks from producers to receivers of various blockchains. The Marlin protocol bridges the gap between the performance and scale achieved by web2 and the security and decentralization demanded by web3.</p><p>Marlin Protocol has reeled in a $3 million seed round from Binance Labs, Arrington XRP, Electric Capital, NGC and other investors.</p><h3 id="how-to-get-pond-tokens">How To Get POND Tokens</h3><p>To receive the tokens, P2P delegators will have to link their staking address in Polkadot, Cosmos, Near Protocol, Irisnet, and the ETH address where the POND tokens will be transferred after confirmation of operations.</p><p>Detailed instructions can be found below:</p><ul><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-a-polkadot-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Polkadot delegator</a></li><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-a-cosmos-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Cosmos delegator</a></li><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-a-near-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Near Protocol delegator</a></li><li><a href="https://www.marlin.pro/blog/participating-in-marlin-flowmint-as-an-irisnet-delegator-and-validator/?ref=p2p.org">Participating in Marlin FlowMint as a Irisnet delegator</a></li></ul><p>Tokens will be distributed on the Matic sidechain<strong> </strong>due to the gas-intensiveness of the smart contracts. You'll have to transfer the tokens to Ethereum Mainnet to be able to interact with Marlin contracts.</p><h3 id="delegator-registration">Delegator Registration</h3><p>P2P delegators in Polkadot, Cosmos, Near Protocol and Irisnet are getting a unique opportunity to participate in the Marlin network and get POND tokens. Our team has launched Marlin gateway nodes and all of the validator addresses have been added to the whitelists for FlowMint stakedrop.</p><p>Registration for ATOM, DOT and IRIS stakers <strong>will begin on December 15, 2020.</strong></p><p>Additional information:</p><ul><li>MPOND needs to be claimed separately for each chain.</li><li>If you delegate two different addresses for the same chain you need to register for stakedrop twice and use two different ETH addresses.</li><li>The same ETH address can be used for bonding in different chains.</li></ul><h3 id="pond-distribution">POND Distribution</h3><p>Marlin will begin with Polkadot, Cosmos, Irisnet, Near and Matic. That is, 0.027/5% tokens will be dedicated towards eligible delegators of ATOM, DOT, IRIS, MATIC and NEAR distributed daily pro-rata amongst each community based on the size of stake/delegation.</p><p>Eventually FlowMint will support Tezos and other networks, allocating a portion of genesis tokens to eligible delegators of the given networks to be distributed pro-rata each day based on the size of the stake or delegation. </p><p>We will inform you about the addition of new networks on our <a href="https://twitter.com/P2Pvalidator?ref=p2p.org">Twitter </a>and <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram</a> channels.</p><h3 id="about-p2p">About P2P</h3><p>P2P Validator is a world-leading staking provider with the best industry security practices and proven expertise. The service provides comprehensive due-diligence of digital assets and offers only top-notch staking opportunities. At the time of the latest update, more than 3 billion of USD value is staked with <a href="https://p2p.org/?utm_source=blog&utm_campaign=marlin_stakedrop">P2P Validator</a> by over 10,000 delegators across 25+ networks.</p><p>We are constantly working on improvements to bring our customers the best proposals. Participating and supporting new blockchains and protocols brings benefits to all our stakers.</p><hr><p><em>Interested in earning<em> POND<em><em>? Contact</em></em></em></em> <em><em>p.pavlov<em><em>@p2p.org</em></em></em></em> <em>for<em><em><em> personal assistance.</em></em></em></em></p><hr><p><strong><strong><strong><strong>Web:</strong></strong></strong> </strong><a href="https://p2p.org/?utm_source=blog&utm_campaign=marlin_stakedrop">p2p.org</a></p><p><strong><strong><strong><strong>Twitter:</strong></strong></strong> </strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong><strong><strong><strong>Telegram:</strong></strong></strong> </strong><a href="https://t.me/P2Pstaking?ref=p2p.org">t.me/p2pvalidator</a></p>
from p2p validator
<!--kg-card-begin: markdown--><p>This guide will walk you through the process of creating an account in Polkadot using Ledger hardware wallet and staking using a proxy account. If you have more than 200,000 DOT <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_ledger_guide" title="Get a special offer">contact us</a> to find out about our special staking conditions.</p> <!--kg-card-end: markdown--><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">In a recent Polkadot update controllers’ accounts were depreciated in favour of proxy accounts. From now on it’s impossible to attach a controller account to a stash. The only remaining option is to directly connect a proxy account to the stash account, with the proxy granted limited rights.</div></div><p>To continue with Kusama switch the network and follow the same steps as for Polkadot.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/11/switch-2.PNG" class="kg-image" alt loading="lazy" width="1920" height="867" srcset="https://p2p.org/economy/content/images/size/w600/2020/11/switch-2.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/11/switch-2.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/11/switch-2.PNG 1600w, https://p2p.org/economy/content/images/2020/11/switch-2.PNG 1920w" sizes="(min-width: 720px) 720px"></figure><!--kg-card-begin: markdown--><p><strong>Table of contents</strong><br> I. <a href="#create-polkadot-account-with-your-ledger">Create Polkadot account with your Ledger</a><br> II. <a href="#bond-the-amount-of-dot-you-wish-to-stake">Bond the amount of DOT you wish to stake</a><br> III. <a href="#nominate-validators">Nominate validators</a></p> <!--kg-card-end: markdown--><h3 id="create-a-polkadot-account-with-your-ledger">Create a Polkadot account with your Ledger</h3><p>Download <a href="https://www.ledger.com/ledger-live/download/?ref=p2p.org">Ledger Live</a> on your device and connect your hardware wallet. Make sure that Ledger firmware is up to date. Install the Polkadot/Kusama application.</p><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/y5-RjvLZp7Ka9cpLZgpzYWEA2UyyELASDYqnSX9xCaiximIeqfNi9qe7oIrycLqc4N_9xcApzSLJJesT7PveasSN7_85-pWocmgA1Ne8wQTUXoCL8lAl5tNY_Ixik3GQT0YETVI2" class="kg-image" alt loading="lazy"></figure><ol><li>Go to <a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io&ref=p2p.org#/settings">PolkadotJS UI</a> using Chrome and navigate to the <em>Settings</em> tab. In the dropdown menu related to hardware connections select<em> Attach Ledger via WebUSB </em>and press <em>Save.</em></li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/wMpvsexAYA8YDwB5xvt7cnKmMeuskWRcQLFdkwXqxVipjZHR8B7G64AAQsmv_cz1AYmEbr7WXd53ziAHgp0jvPvL0wlQJssWaLXV9qA_5y1BRWz96T6LiG5c8bRpGxFLSAa3ljv7" class="kg-image" alt loading="lazy"></figure><p>2. Go to the <em>Accounts</em> tab and press <em>Add Ledger </em>button to create an account</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/G_VJSqbDxNdUJGnvgV1F5-D1qrlEfN8o7XfgxQ6B1VG-B3vmJpWpByGEbVDsGPsb8Ps3G-mCDzYgkwyC2NaTGln33I9fQZ_c6pXZAO-sBMPovKcewsgJN_hHQntKeEnIXPDoILRg" class="kg-image" alt loading="lazy"></figure><p>3. On your Ledger wallet, navigate to the Polkadot/Kusama app that you downloaded in Step 1 and select it by pressing two buttons on your Ledger. Go back to the screen on your device and click <em>Save</em>.</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/L659ZpiW6Awwsr3GmoRsG5m8VZ6C8zTdcnWyQSonlQ4_trJt5qS8qQ4GpvPUMQTpDX7JkHMa5Rw7GY2ijb-gS5HJKHX47vS-iFDBGm65e9YFbYGZhPdkfKtDyWXlB8-l33CvjAJx" class="kg-image" alt loading="lazy"></figure><p>4. You will be asked to confirm the connection of your Ledger via web interface. Select it in a dialog window and press <em>Connect.</em></p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/IgDYDyvEm6v5Bac0aWSZHWAYa3nGoWrlWoSRv8-zKna3pIv_b637HJgz1nBeKfuxV7EZ0rkJv-HPLOWu2tMdKCwqbzH_A2WomgkGf9ZuKYxgWmttk8Th7BvqHypMnpR53kQi3YyT" class="kg-image" alt loading="lazy"></figure><!--kg-card-begin: markdown--><ol start="5"> <li>The account should appear on the screen. This account will play the role of your stash. If your stake is higher than 200k DOT - <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_ledger_guide" title="Get a special offer">contact us</a> to receive a special offer from P2P. To generate multiple addresses repeat steps 3,4 but every time choose a different address index in the drop-down menu of step 3.</li> </ol> <!--kg-card-end: markdown--><p>We will continue with a single account but if there are multiple ones the following process should be repeated for each of them.</p><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/zOgHQZdtDfwmwYfC1i7iGeVgvEJ_sJhP3oKFx7Wm_XgeX23okGrNYzmMK4Jm67G4gduYAOFD1zmJqHvwyW4sqrq1MP7VzdU_Xi500EK3aBAMO7rkeDVjkBamSt2qqluK7dzOMFtO" class="kg-image" alt loading="lazy"></figure><p>Left-click on the icon to copy the address and send DOT tokens to it.</p><h3 id="bond-the-amount-of-dot-you-wish-to-stake">Bond the amount of DOT you wish to stake</h3><ol><li>Go to <em>Network -> Staking </em>and navigate to <em>Account Actions </em>by pressing the tab.</li></ol><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/s5zgusv6II9zV9uYwRs_XXChVpkxFyncnWQ9TW2NTrgW20h0cQk4ZExuIi7KPAFYDSAS7kmsWvmWQKBCNHx8NaoDRcn9t7D-48uMIMVl9xbaGN0sAdNvSUGnm1NWIXFOx3cHpQhl" class="kg-image" alt loading="lazy"></figure><p>2. Bond the amount you wish to stake. Leave at least 2-3 DOT unbonded to cover future transaction fees. In the dropdown menu you can specify the desired way of receiving rewards. There are several options available: Staked (auto compound rewards); Stash (send rewards to the stash account); Controller (send rewards to the controller account); Account (send rewards to any 3rd party account).</p><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/w1Nng_MmpnpKj3tpEKx2B5_OinchL7uSjJt69asmImIIrT1APTYkusX_S-CtnCLwJKh9HmyXg0Iov4GARnX4ZwNZXesYhIlZAWCbQmmXHX2u10759UzH7uEqFJtNcJn7KnRUHF11" class="kg-image" alt loading="lazy"></figure><p>We make payouts every day or three so you won’t need to pay a tx fee by yourself.</p><p>3. Press <em>Sign and Submit,</em> then confirm the transaction on your Ledger device</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/vVURso4mV9O0Dq0j82rfft7FsT6mol--8_SCr4zAbGuPpxiS7FXv9XMpIUGkt7aiEYVpm2Sj-KBWbJlRPgOraokh0XX57DAvyJizmuEi0fQEnXYGDNZFGniz7kKnFfM4TCkB1FIh" class="kg-image" alt loading="lazy"></figure><p>If the hardware wallet becomes disconnected, re-enter the Polkadot application and continue making actions on the PolkadotJS screen. You will be asked to connect Ledger via web interface as in step 5, after that continue with the step where the connection was lost.</p><p>4. After successful bonding your stash appears in the <em>Account Actions </em>tab. We recommend assigning a proxy account. It is a separate account that you should fund with 2-3 DOT and connect with your primary one to perform staking related operations on behalf of your stash, like triggering payout or nominating a validator. A staking proxy has no access to the funds on the stash account.</p><h3 id="nominate-validators">Nominate validators</h3><ol><li>Press <em>Nominate </em>button</li></ol><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/cgkEcRpMBOxmnhmqOMUQ8vEjSJFzpixp3hKjZZKuH8cO49tdW92pYgHzqWXP-b_HM20jnXlnh7iyKJvjbD3jzucmQ_DlBb9XCYFA6WnBoUIG78TzII93Nja93ZQPVjGti8TfFPkC" class="kg-image" alt loading="lazy"></figure><p>2. In the opened window select up to 16 validators you wish to stake with. If you would like to nominate P2P go to <a href="https://p2p.org/polkadot?ref=p2p.org">https://p2p.org/polkadot</a> and select validators from there. We update the list on a regular basis.</p><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/fS5UnK-NZvAPCLEbSlIqcm4B7w-4Q9FD2XO6C68e8wMQw0HE9mkbMJSNSucCjeg_hadaXhOyZaqeLrng68frTAZjgs8pOK3juLy3oeTcd6-JUouv9CVOF5aFkujqgLt3ZbfH_SWA" class="kg-image" alt loading="lazy"></figure><p>3. Chosen validators will appear in the right column. Press <em>Nominate.</em></p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/OQk6oaLdyU7oMzLRNUMcIyDEwWaOa3Kls269kUHf2ZZQgNCSDplnPWnxeLhqwaIWZecWU3msVQdZECm8vEuh-OcVViPbZSm_t8iX9HnCoQCEJ6SQikEpapb6VRql7NGgXJiVK3oa" class="kg-image" alt loading="lazy"></figure><p>4. You may perform staking actions from both stash and proxy accounts. We recommend to use your proxy account for staking actions.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/11/Sign---submit-ser.PNG" class="kg-image" alt loading="lazy" width="1920" height="865" srcset="https://p2p.org/economy/content/images/size/w600/2020/11/Sign---submit-ser.PNG 600w, https://p2p.org/economy/content/images/size/w1000/2020/11/Sign---submit-ser.PNG 1000w, https://p2p.org/economy/content/images/size/w1600/2020/11/Sign---submit-ser.PNG 1600w, https://p2p.org/economy/content/images/2020/11/Sign---submit-ser.PNG 1920w" sizes="(min-width: 720px) 720px"></figure><p>5. In the top right corner you should see that transaction is confirmed. Your screen should be updated and current nominations should appear in the <em>Account Actions </em>tab. From here you will be able to manage your staking in future.</p><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/6W7zmuhtnP062W3Nvm2xdv-snh07v580ogpm-s5j1vOVJE6TF-W5LEojRqld7NFtjQA6SSVhTzf54alOPEFGNRjPhHJioEvvQUkJxdmgh8rnUuXKAFPyVEm7pmVx-apyCvlwR71y" class="kg-image" alt loading="lazy"></figure><p>Staking will begin from the next era or two (24 - 48 hours). You will be able to track nominations from <em>Staking -> Account Actions. </em>At least one nomination should become active thus your stake is working in full and generating rewards.</p><h3 id="ledger-guides">Ledger guides</h3><ol><li><a href="https://support.ledger.com/hc/en-us/articles/360018131260?docs=true&ref=p2p.org">Ledger’s guide on staking Polkadot (DOT) thought Ledger Live</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7402653416477-How-to-use-the-Polkadot-Staking-Dashboard?docs=true&ref=p2p.org">Ledger’s guide on using Polkadot Staking dashboard</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/4403056215825-Set-up-and-use-polkadot-js-to-access-your-Ledger-Polkadot-DOT-accounts?docs=true&ref=p2p.org">Ledger’s guide on set up and use polkadot js to access your ledger Polkadot (DOT) accounts</a> and <a href="https://support.ledger.com/hc/en-us/articles/4416512532625-Set-up-and-use-polkadot-js-to-access-your-Ledger-Kusama-KSM-account?docs=true&ref=p2p.org">guide Kusama (KSM) accounts</a></li><li><a href="https://support.ledger.com/hc/en-us/articles/7533743296797-How-to-join-a-Polkadot-nomination-pool?docs=true&ref=p2p.org">Ledger’s guide on how to join a polkadot nomination pool</a></li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been presented in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram </a>chat or contact Alex via [email protected]. We are always open to communication.</p><hr><p><strong>Web:</strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate"> https://p2p.org</a><br><strong>Stake DOT with us:</strong><a href="https://p2p.org/polkadot?ref=p2p.org"> https://p2p.org/polkadot</a><br><strong>Twitter:</strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a><br><strong>Telegram:</strong><a href="https://t.me/P2Pstaking?ref=p2p.org"> https://t.me/P2Pstaking</a></p>
from p2p validator
<h4 id="7th-september-2020-p2p-validator-is-delighted-to-announce-their-grant-work-on-connecting-the-polkadot-and-filecoin-ecosystems-by-creating-an-etl-solution-with-unified-api-together-with-web3-foundation-and-protocol-labs-"><strong>7th September 2020 - P2P Validator is delighted to announce their grant work on connecting the Polkadot and Filecoin ecosystems by creating an ETL solution with unified API , together with Web3 Foundation and Protocol Labs.</strong></h4><p>Over the past few years, the world has seen the rise of blockchain interoperability; with the attraction DeFi tools and platforms are getting nowadays, the idea of making the blockchain world more interoperable has become ingrained. The blockchain ecosystem has already attracted thousands of software developers working on different things - applications, wallets, dashboards, explorers - but by inserting interoperability into this equation brings an additional challenge.</p><p>Imagine a situation where a user moves a chain A asset through bridge B to parachain X to open a Collateralized Debt Position (CDP), then uses received stablecoin to long a synthetic asset from parachain D on a margin trade chain E. Ten years ago this could sound like nonsense - but this is a reality now. To make efficient applications that would allow this behavior - the developers need appropriate tools.</p><p><em><em>"Default blockchain node interfaces are usually unsuited for complex or historical data queries. That makes building application on top of blockchains a complicated affair - you need to build your own data layer first. Interchain communication aggravets that problem even more"</em></em>, says Vasiliy Shapovalov, CTO of P2P Validator. <em><em>"Our goal is to exctract, clean, enrich, transform, and serve the blockchain data in way that will allow users to to merge several application-specific interchain requests in the single one."</em></em></p><p>To begin this journey, we've decided to create an ETL solution for blockchains with a GraphQL API for the collected data. The solution aims to add value and decrease development costs for every company or individual who is working on application development. GraphQL as an API query language has been chosen to unify the data interface to simplify the development process and provide the best quality real-time data for applications.</p><p>As a validator, we have a unique opportunity to develop such a system:</p><ul><li>we have developed our dashboards and other tools that require a deep dive into specific blockchain's architecture</li><li>blockchain node management does not add costs to the solution as we already maintain them</li><li>we are familiar with a variety of blockchains</li><li>we are trusted by more than 2000 users staking their assets with us</li></ul><p>Although our ultimate goal is to provide a high-quality data source for lots of blockchains, we've chosen Polkadot and Filecoin to be the pioneers in this project. We would love to see services that would utilize this solution and supply a justified demand for more blockchains to be added as data sources.</p><p><em><em>“We are excited to work together with Protocol Labs and P2P validator to create an interoperability-first data warehouse across all kinds of different blockchains. This will make it easier to integrate with different blockchains and ultimately help the entire ecosystem ”</em></em>, says David Hawig, Grants Lead at Web3 Foundation.</p><p><em><em>"In collaboration with Web3 Foundation we’re delighted to support P2P Validator as they build an ETL solution to simplify the process of building wallets, dashboards, explorers and apps that interact with multiple blockchains connected through interchain communication protocol"</em></em>, says Eva Shon, Grants Coordinator at Protocol Labs.</p><p>Stay in touch with us and visit our website and GitHub to know more!</p><h3 id="about-web3-foundation"><strong>About Web3 Foundation</strong></h3><p><a href="https://web3.foundation/?ref=p2p.org">Web3 Foundation</a> funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland, by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation's flagship project.</p><h3 id="about-protocol-labs"><strong>About Protocol Labs</strong></h3><p><a href="https://protocol.ai/?ref=p2p.org">Protocol Labs</a> is an open-source research, development, and deployment laboratory. Protocol Labs' projects include IPFS, Filecoin, libp2p, and many more. Protocol Labs aim to make human existence orders of magnitude better through technology.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?utm_source=blog&utm_medium=announcement&utm_campaign=polkadot_grant_announcement">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high-class staking opportunities securing more than 3 billion of USD value. At the time of the lastest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a></p>
from p2p validator
<h1 id="polkadot-overview-for-newcomers"><strong>Polkadot overview for newcomers</strong></h1><p><em><em>August 18th, 2020</em></em> - Polkadot almost became a fully-operational network by reaching the 4th of five milestones - opening transfers between accounts. The network is expected to finish the rollout plan this autumn by enabling parachain auctions and cross-chain interaction protocol, but, which might be important for newcomers, now you can legally buy and sell DOT tokens. If you are someone who missed the original 2017 and small 2020 sale but still are interested - this article is for you.</p><h2 id="which-wallets-to-use"><strong>Which wallets to use?</strong></h2><p>We recommend starting exploring Polkadot with official <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot.js browser wallet</a> (you would also need to install <a href="https://github.com/polkadot-js/extension?ref=p2p.org">polkadot.js browser plugin</a>). This is the official wallet supported by Web3 Foundation that provides all possible opportunities for DOT users. If you are not a fan of desktop wallets, you can just walk through all tabs and get a good overview of Polkadot. The full list of supported wallets can be found <a href="https://wiki.polkadot.network/docs/en/build-wallets?ref=p2p.org">here</a>.</p><p>You will notice that a lot of them are in the development stage, but the following ones are fully functional:</p><ul><li><a href="https://www.parity.io/signer/?ref=p2p.org">Parity Signer</a></li><li><a href="https://lunie.io/?ref=p2p.org">Lunie</a></li><li><a href="https://polkawallet.io/?ref=p2p.org">Polkawallet</a></li><li><a href="https://token.im/?ref=p2p.org">ImToken</a></li><li><a href="https://www.mathwallet.org/polkadot-wallet/en/?ref=p2p.org">Math wallet</a></li></ul><p>Please note that the wallets may not provide full functionality (e.g., Democracy, Council voting, Extrinsic, etc.) - but all of them support transfers and staking.</p><h2 id="where-to-buy-dot"><strong>Where to buy DOT?</strong></h2><p>Generally, we don’t give advice on the exchange as your experience may differ based on the country of your residence or KYC/AML procedures. As you’re reading this page, we believe you are already a crypto person and you don’t need common advice like picking a trusted exchange. But there’s one thing you may not be familiar with:</p><p><strong><strong>On August 21st, Polkadot will go through the redenomination process. It means the “old” DOT will be equal to 100 “new” DOTs. This was the choice of community - you can read more in the <a href="https://polkadot.network/the-results-are-in/?ref=p2p.org">official post</a>. This change will not be done by changing any core code - from 21st 1 DOT will be equal to 10^10 Plancks (the smallest fraction of DOT), while now it’s 10^12 Plancks. If you buy your DOT now, you will just see 100x more DOT on your balance after 21st.</strong></strong></p><h2 id="how-to-create-an-account"><strong>How to create an account?</strong></h2><p>Please use <a href="https://p2p.org/economy/create-account-in-polkadot-network">our guide</a>. The whole process will take several minutes.</p><h2 id="how-to-nominate"><strong>How to nominate?</strong></h2><p>We have a general <a href="https://p2p.org/economy/polkadot-nomination-guide">guide on nominating</a>. Here are some additional tips that you might find helpful:</p><ul><li>You can nominate from 1 to 16 validators from one account. The validator election mechanism will distribute your stake to validators in an optimal way (generally, for one validator). We recommend to nominate trusted validators as the right selection will provide better yield and protect you from <a href="https://p2p.org/economy/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">slashing</a>.</li><li>Your nomination status will update every day (around 1PM CET - when the validator election happens). The meaning of each status: <em><em>Active - your nomination is working, and one of the validators you’ve chosen is in the active validator set. Everything is OK. </em></em>Inactive - it is OK to have some inactive nomination while you have at least one active - it means that your nomination is working, but some of the validators you’ve chosen are not in the active set. <em><em>Waiting - you will see this status if you’ve made a nomination but the elections haven’t happened yet. Don’t worry, just wait for the validator elections to be held. </em></em>Renomination needed - this signals you that you need an update of your nomination.</li><li>Bonding and unbonding <em><em>Bonding means you’re locking your funds to work in staking. While funds are locked, you can make nominations, update them, vote, etc. To make your funds liquid you should go through unbonding. </em></em>Unbonding might be performed when you want to stop nominating and move or sell your DOTs. Please be careful - the unbonding period for Polkadot is 28 days, so basically you won’t be able to transfer or stake your DOTs for almost a month!</li><li>Controller account is a special account that might be linked with your primary account (stash in terms of Polkadot) to perform some actions (e.g., staking). It is good practice to have a controller account connected to your stash and don’t touch the last one without a significant reason. What is more important, you can basically share your controller account with 3rd parties to perform staking while keeping your stash keys with you and your funds will be safe!</li></ul><p>For those of you who have more than 50000 DOT we have a <a href="https://p2p.org/economy/polkadot-nomination-strategies/#p2p-validator-special-offer">special offer</a>!</p><h2 id="how-do-rewards-work"><strong>How do rewards work?</strong></h2><p>At the moment, Polkadot provides around 14-15% APR on your stake. The following things might influence your profit:</p><ul><li>Validator fee. The average validator fee is around 3%.</li><li>Luck. The profit for each validator is proportional to the number of blocks produced during the era. These numbers will be equal in the long run, but for some days you may notice a bit more or a bit less profit than predicted - so basically you should not worry about this.</li><li>Total stake on the node. Polkadot provides staking rewards that are almost equal for every validator. After that, the validator automatically distributes the profit for the nominators after taking a validator fee. So, nominating to the validator that has 2M DOT in nominations will bring you twice as much as nominating the one with 4M DOT in nominations.</li><li>Overall validator performance. In the real world, different validators have different hardware resources, connectivity, etc. - all of these factors may affect nominators’ profitability.</li><li>Slashing penalties. <a href="https://p2p.org/economy/Polkadot-overview-for-newcomers#what-is-slashing-and-how-does-it-work">Please take a note on slashing and how it works in Polkadot</a>.</li></ul><p><strong><strong>Please use our <a href="https://p2p.org/economy/polkadot-nomination-strategies">article with nomination strategies</a> that are based on the stake you hold</strong></strong></p><p>Other important points on the rewards:</p><ul><li>Rewards are distributed each era (24 hours for Polkadot).</li><li>By default, the rewards are not claimed automatically. This can be done either by you or by your nominated validator. P2P Validator is periodically claiming rewards for our nominators, so you should not worry about this if you nominate us.</li></ul><h2 id="what-is-slashing-and-how-does-it-work"><strong>What is slashing and how does it work?</strong></h2><p>Slashing is a penalty mechanism that provides economic incentives for validators to play fair and nominators to choose the right validators. Slashing is triggered when a validator makes a double sign or more than 10% of the network goes offline. This can also happen because of a software bug. In such cases, the slashes are applied after 28 days and can be canceled by democracy voting.</p><p>As the slashing is applied to both validator and its nominators, you may lose some portion of your stake. To minimize risks to be slashed:</p><ul><li>Select 16 validators in your nomination.</li><li>Select only the validators you know and trust.</li><li>Don’t try to make maximum profits - staking is a marathon, not a sprint. The risk of losing a portion of your stake might outweigh the better profitability of an unknown validator.</li></ul><h2 id="what-resources-to-use-or-follow"><strong>What resources to use or follow?</strong></h2><p>For all newcomers to Polkadot ecosystem, we recommend the following resources:</p><ul><li>Our <a href="https://p2p.org/economy/category/polkadot/">blog articles about Polkadot</a></li><li>Join the <a href="https://t.me/PolkadotOfficial?ref=p2p.org">official Polkadot group on telegram</a></li><li>Join the <a href="https://matrix.to/?ref=p2p.org#/!FdCojkeGzZLSEoiecf:web3.foundation?via=matrix.parity.io&via=matrix.org&via=web3.foundation">community group in Element</a></li><li>Use the official <a href="https://wiki.polkadot.network/docs/en/getting-started?ref=p2p.org">wiki of the project</a></li><li>Get familiar with Polkadot in action using <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot.js</a></li><li>Use <a href="https://polkascan.io/polkadot?ref=p2p.org">Polkascan</a> or <a href="https://www.subscan.io/?ref=p2p.org">Subscan</a> to dive deeper in addresses and transactions</li><li>Give <a href="https://kusama.network/?ref=p2p.org">Kusama</a> network, a wild cousin of Polkadot, a try</li></ul><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_for_newcomers">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high-class staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Gleb via [email protected]. We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_for_newcomers"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>While validators in Polkadot work together as the heart of the ecosystem - validate transactions, build the blockchain itself, and maintain network security, nominators supply the blood - they delegate their tokens to the validators they trust and therefore receive rewards and provide supply to the blockchain economy. So, what's the best strategy for a nominator? How to be sure your funds are safe and working at their maximum? We've gathered some strategies that might be useful for you based on the stake you have.</p><h1 id="500k-dots-and-more-"><strong>500K DOTs and more.</strong></h1><p>You hold a large number of tokens, and the rewards you can get are pretty high (in absolute numbers). Here are some thoughts that you might find useful:</p><ul><li>The right nomination strategy can add several additional points to your APR, while with the wrong one you can receive only half of the potential profit. "Nominate once and relax" won't work for you because the fluctuations of nominations on the network can change the position of validators you've chosen drastically.</li><li>Selecting the most profitable validators in polkadot.js UI might not be a good idea because your stake is significant enough to change the position of validators in terms of profitability.</li><li>To make the best choice of validator, you should make predictions on the next validator set for each era, which requires development resources and a deep understanding of Polkadot validator election mechanisms.</li></ul><p>All this can make you think that it's almost impossible to get the maximum from your stake. <strong><strong>Luckily, you're reading this text on p2p.org. We're a top-tier validator and can make this happen because of our vast amount of experience accumulated in Kusama and Polkadot.</strong></strong></p><h3 id="p2p-validator-special-offer-"><strong>P2P Validator special offer:</strong></h3><ul><li>Optimized regular nominations to get maximum yield</li><li>Direct support by chat or video call</li><li>Weekly reports on profitability</li><li>Reports for tax authorities on demand</li><li>An immediate reaction in case of active set increases and other changes that can potentially affect your staking rewards.</li></ul><p><strong><strong>All the mentioned benefits are available for you without any additional fees. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking?ref=p2p.org">join our telegram group</a> to know more.</strong></strong></p><h1 id="50k-500k-dots"><strong>50K - 500K DOTs</strong></h1><p>We can bet you care about your profits, so you may develop this strategy by yourself - monitor the staking daily and update your nomination to choose the best validators. But the question is - how to choose reliable validator nodes and get maximum rewards from them? Here are some thoughts:</p><ul><li>Your stake is still significant enough not to use the automatic validator selection on polkadot.js - you're still able to push the specific node from the top profitability position.</li><li>Try not to update your nomination right after the election happens. The same reason being as for the point above - your nomination changes the landscape, so the best time to make an update is about noon CET.</li></ul><p>Feel free to use a <a href="https://redash.p2p.org/public/dashboards/cviD6Ci7oUDRnSoq8CqNJImrJfq8uuY37DsiF2CY?org_slug=default&ref=p2p.org">dashboard</a> that predicts the next validator set and was designed to find out the best targets for nominations.</p><p><strong><strong>If you plan to continue staking Polkadot and would contact us during the upcoming month - we are happy to tell you are also able to receive a special offer for 500K+ stakes. Contact us via <a href="mailto:[email protected]">email</a> or <a href="https://t.me/P2Pstaking?ref=p2p.org">join our telegram group</a> to know more</strong></strong></p><h1 id="10k-50k-dots"><strong>10K-50K DOTs</strong></h1><p>With a stake in this range, you might be interested in increasing profits, but paying too much attention to staking would not cover the costs of your time. The best approach would be to make a nomination and come back, check and update nomination if needed in a week or two. Here are some thoughts that might help you to make the right choice of validator:</p><ul><li>Choose nodes from a validator you know and can reach in case you have any questions. Polkadot network is permissionless - that means anyone can be a validator. The malicious behavior of a validator results in a punishment (slashing in terms of Polkadot) - which is a lot more harmful to the nominator than the validator.</li><li>If you're using polkadot.js, be careful over choosing validators automatically. This mechanism relies only on the current state of nominations and fees - and tells you nothing about specific validator quality.</li></ul><p>Use the <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a> web page to find out the best target addresses supported by P2P Validator.</p><h1 id="0-10k-dots"><strong>0-10K DOTs</strong></h1><p>You don't have enough dots to earn a lot - but that also brings you an advantage - your stake does not significantly change a selected validator's profitability, so there is no need to pay much attention to nominations. The best strategy for you would be to choose around eight top-performing validators from the active set and the rest from the waiting list based on your feelings. We encourage you to put a bet on both big names in validation and include smaller independent validators who are active in community chats.</p><h1 id="general-thoughts"><strong>General thoughts</strong></h1><p>According to Polkadot network rules, you can choose up to 16 validators in your nomination, and an automated election algorithm will do the rest. It looks like a perfect solution - to nominate once and relax, but there are some pitfalls that might affect your profits:</p><ul><li>Validators you've nominated might not be elected to the active validator set. This situation might occur if the other nominators that chose the same validators as you will renominate to other nodes. In this case, you're entirely missing any profit - and will continue to miss it until you make a new nomination or other people help your validators reach the active validator set.</li><li>Validators you've nominated become extremely popular and receive many nominations. In this case, you're getting profits on your stake, but they are not optimal. Here's a simple explanation: the reward each validator receives is almost equal for all active validators in the long term. The more nominated stake a specific validator has, the less each nominator gets. Some validators have nominations for 2M, some for 4M DOTs - as a result, the profits for their nominators differ twice!</li><li>There is a small chance the nodes you've nominated would go offline. If you nominate 16, the chance all of them would be down is meager - but it exists.</li></ul><p>The risks of not paying attention to the actual state of nomination in Polkadot can result in losing profits (partially or even completely). <strong><strong>To mitigate our nominators' risks, P2P Validator supplies new validator nodes when the demand for them is growing.</strong></strong></p><p><strong><strong>Why else should you nominate P2P Validator?</strong></strong></p><ul><li>We've invested our own funds in Polkadot & ecosystem and stake them via the public validator nodes - the same as you do</li><li>We have a dedicated DevOps and development team with a tremendous amount of experience across Polkadot and other blockchains</li><li>We were the first ones to run validators in both Polkadot and Kusama</li><li>We've achieved top-notch profitability for our nominators in Kusama and have a good track record.</li></ul><p><strong><strong>How to nominate P2P? Just use the 16 validator nodes listed on our website <a href="https://p2p.org/polkadot?utm_source=blog&utm_campaign=polkadot_nomination_strategies">p2p.org/polkadot</a></strong></strong></p><h2 id="p2p-statistics-in-kusama"><strong>P2P statistics in Kusama</strong></h2><p>We have accumulated a huge amount of experience in staking Kusama and continue this story in Polkadot. The graph below shows the profits for a nominator with 1000 KSM with P2P Validator and other validators*.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/dx9t8wS.png" class="kg-image" alt loading="lazy" width="1021" height="611" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/dx9t8wS.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/dx9t8wS.png 1000w, https://p2p.org/economy/content/images/2020/09/dx9t8wS.png 1021w" sizes="(min-width: 720px) 720px"></figure><p>*<em><em>Other validators’ profits are calculated based on the average weighted commission rate of 7,5%, average stake amongst all validators, and current staking ratio.</em></em></p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_nomination_strategies">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_campaign=polkadot_nomination_strategies"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>After the first council elections and removal of sudo module Polkadot will become a permissionless chain fully governed by the community. Every DOT holder can submit a proposal and suggest parameter changes such as increasing the validator set and many more.</p><p><strong><strong>P2P Validator is excited to announce our Council candidacy</strong></strong>. We have supported both Polkadot and Kusama networks from the very beginning, and, as a result, received more than 50,000,000 DOTs from 250+ users as nominations. As a Council member, we promise to act in the interests of the Polkadot community.</p><h2 id="why-you-should-vote-for-p2p-validator"><strong>Why you should vote for P2P Validator</strong></h2><ul><li>We have a proven track record of 2+ years in the validation business across different networks</li><li>We are active participants in the governance of most groundbreaking blockchains</li><li>We've invested our funds in Polkadot & ecosystem and stake them via the public validator nodes</li><li>We have a dedicated development team and participate in W3F General Grants Program</li><li>We are always open for community requests</li></ul><p><strong><strong><a href="https://p2p.org/economy/Polkadot-Council-elections-vote-for-P2P-Validator#how-to-vote">Press here to find detailed instructions on voting.</a></strong></strong></p><h2 id="role-of-a-council-member"><strong>Role of a council member</strong></h2><p>Efficient governance implies an active participation of stakeholders, which is always limited to some extent. It requires continuous monitoring of new proposals and taking actions to check that the outcome is not harmful for the ecosystem. Sometimes, token holders miss the right moment or simply prefer not to participate in voting for various reasons. Councils in Polkadot represent passive stakeholders and have a crucial role in the governance affecting the way of approving/rejecting proposals.</p><p><strong><strong>Some of their capabilities:</strong></strong></p><ul><li>Accept or reject treasury spending proposals</li><li>Propose a referendum and change its bias</li><li>Cast "veto" on a malicious proposal</li><li>Cancel slashes that are in a queue for application</li></ul><p>Initially there are 13 councilors, the number will gradually grow to 23. Elections initially happen once a day. Later, elections will occur on a weekly basis and eventually monthly. Every token holder can pick up to 16 candidates. Stake-weighted votes are distributed automatically based on the Phragmen method the same way as nominating validators. <strong><strong>Tokens involved in staking count in the selection of Council members</strong></strong>. The vote is considered valid until canceled via extrinsic. Before that DOT are frozen (becoming non-transferable). <strong><strong>Unlike unbonding, there is no specific period to wait before unfreezing and they become unlocked and transferable right after submitting a corresponding transaction.</strong></strong></p><h2 id="the-mission-of-p2p-validator-as-a-council-member"><strong>The mission of P2P Validator as a council member</strong></h2><p><strong><strong>Very simply, we can describe our mission as a council member as follows: to protect the interests of nominators and validators.</strong></strong></p><p>Although nominators and validators have different roles in the ecosystem, we find that many points are valid for both:</p><ul><li>Nominators and validators own and earn a certain amount of tokens and are interested in network ecosystem growth.</li><li>Nominators' stake and validators' future profits are in a non-liquid state, so both would not welcome any change that would result in a negative change in value of their holdings.</li><li>In some cases, nominators and small independent validators may not have enough time or expertise to analyze the proposed changes and make a considered conclusion in voting for or against.</li></ul><p>So, what exactly are we going to do as a council member?</p><ul><li>Dive as deep as we can into any proposal that is put to the council</li><li>Publicly express our opinion regarding the proposals clearly stating the expected results for both nominators and validators</li><li>Collect opinions from both validators and nominators</li><li>Discuss it with other council members and vote based on the opinions we've got from the community</li><li>Issue regular reports on the network development direction based on the proposals and discussions in the council</li></ul><h2 id="how-to-vote"><strong>How to vote</strong></h2><p>1. Go to a Council tab of<a href="https://polkadot.js.org/apps/?ref=p2p.org#/council"> PolkadotJS UI</a> and press the vote button in the right top corner.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-1.png" class="kg-image" alt loading="lazy" width="1600" height="722" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-1.png 1000w, https://p2p.org/economy/content/images/2020/09/1-1.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>2. Select up to 16 candidates by left clicking on accounts in the left box or simply paste the address of the desired one in the search field. <strong><strong>Here is P2P Validator candidate address:</strong></strong> <code>14krbTSTJv3aaT1VeBRX7CzoV4crr3adeF3KutdpkCttrxsZ</code></p><p>After you specify the amount of DOT, press submit button and sign the transaction</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-3.png" class="kg-image" alt loading="lazy" width="1600" height="725" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-3.png 1000w, https://p2p.org/economy/content/images/2020/09/2-3.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>3. Your vote will be considered in the following elections.</p><p>To cancel your vote go to Extrinsics tab, select the account used for voting, choose electionsPhragmen in the left drop-down menu, and removeVoter() in the right one.Then press the Submit Transaction button and sign it.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-3.png" class="kg-image" alt loading="lazy" width="1600" height="718" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-3.png 1000w, https://p2p.org/economy/content/images/2020/09/3-3.png 1600w" sizes="(min-width: 720px) 720px"></figure><p>Your vote will be immediately removed and tokens locked in Council elections will unfreeze.</p><h2 id="about-p2p-validator"><strong>About P2P Validator</strong></h2><p><a href="https://p2p.org/?utm_source=blog&utm_campaign=vote_for_p2p_council">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high-class staking opportunities securing more than 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.</em></em></p><p></p><hr><p></p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_campaign=vote_for_p2p_council"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=vote_for_p2p_council">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>Polkadot staking has successfully launched. Validator elections has been held and issuance of first rewards has been started. If you have not nominated yet it is a good time to <a href="https://p2p.org/economy/polkadot-nomination-guide?utm_source=strategy&utm_campaign=strategy">do it now</a>.</p><p>P2P Validator has more than three years of experience as a non-custodial staking provider. We make staking clear and attractive to simplify the process, incentivizing token holders to secure the network. <strong><strong>The main goal of our staking strategy is maximizing rewards for token holders.</strong></strong></p><p>To reach that goal in Polkadot, we have been validating Kusama since the first day to polish our approach. Currently, we operate over 25 Kusama nodes with 300,000 KSM nominations and provide <strong><strong>~15% benefit for our nominators compared to average.</strong></strong></p><p>Below I will briefly describe a <strong><strong>temporary approach we are taking while DOT transfers are not enabled</strong></strong>.</p><p><a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">Nominate P2P</a> to take part in this exciting journey.</p><h1 id="staking-in-polkadot"><strong>Staking in Polkadot</strong></h1><p>In Polkadot nominators don't choose the amount delegated to a particular validator. <strong><strong>Instead, they select preferred validators and their bonded stake automatically spreads amongst them</strong></strong> to achieve an optimal distribution. Each token holder can pick up to 16 targets and the system will decide which ones will receive a delegation and the amount.</p><p>Nominations represent stake-weighted voting for validators who compete for the active set. In the long term validators in the active set receive equal rewards meaning that the least staked node can potentially be more efficient.</p><p>For example, assuming 0% commission, a nominator with <code>10 000 DOT</code> will receive 50% if the total stake of a validator is <code>20 000 DOT</code> and only 25% if <code>40 000 DOT</code>. But, if a staking provider does not have enough votes it can remain outside of the active set.</p><p>To provide sustainable services <strong><strong>validators need to find an optimal relation between the number of nodes and their total nominated stake</strong></strong>. We run multiple nodes to provide an even distribution of stake for our nominators.</p><h1 id="dynamic-adjustment-strategy"><strong>Dynamic adjustment strategy</strong></h1><p>The lower threshold of nominated stake decreases as the number of available seats in the active set increases and we will adjust to it <strong><strong>retaining the number of our active nodes to be always one unit higher than the number that can win in elections</strong></strong>.</p><p>The reserved validator will enter the active set if it is expanded or more token holders vote for these nodes. Once this happens tokens will be distributed amongst the higher quantity resulting in a lower stake on each node. In this case nominators get a higher share in it. To explain the idea let's look at an example, which is simplified for better understanding.</p><h3 id="example"><strong>Example</strong></h3><p>Let's assume that <code>12 000 DOT</code> is required to win in elections and <code>30 000 DOT</code> is staked with three validators two of which are in the active set while the third one is in reserve. In this case, tokens will be evenly distributed among the two active ones resulting in <code>~15 000 DOT</code> staked with each of them.</p><p>If nominators vote for these three nodes with an additional <code>6 000 DOT</code> or the number of validators in the active set increases, the reserved validator will most likely win in the next elections. Stake of nominators will be redistributed resulting in <code>~10 000 DOT</code> per node and nominators will obtain a higher share. We will set a new reserve node that nominators can include in their nomination list in case of future changes.</p><hr><p>This temporary strategy will help us to remain flexible in the changing conditions of the network optimizing staking return for nominators who included all validators.</p><p>Currently, <strong><strong>we have ten nodes</strong></strong>, which you can<a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy"> add to your nomination list</a>.</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=strategy">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=strategy"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=strategy">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>Transition to NPoS is expected to happen this week. Validator elections and rewards will be activated during this stage. <strong><strong>Is it reasonable to stake at the very beginning or better to wait for exchange listings and activation of token transfers?</strong></strong></p><p>There are more arguments for early staking, than against.</p><h1 id="time-is-rewards"><strong>Time is rewards</strong></h1><p>During NPoS, all nominators will earn staking rewards. <strong><strong>For those who haven't nominated yet, each day will result in a missed opportunity to receive additional interest</strong></strong> on their DOT holdings.</p><p>The period between NPoS and transfer activation is not defined. Some time will be taken to ensure that the network is stable enough before the next steps. After the enablement of decentralized governance, a technical committee and first councils should be elected. It will take at least 14 days. After that, someone will make a runtime upgrade proposal to remove sudo module, voting will take 28 days with an additional 30 days of enactment period before the upgrade.</p><p>If a proposal to enable transfers will be the next one it will also take 28 days to vote for and 30 more days of enactment period. To sum up, <strong><strong>more than 4 months and more than one third of annual DOT rewards can be lost just waiting for the right moment to stake</strong></strong>.</p><h1 id="lower-staked-dot"><strong>Lower staked DOT</strong></h1><p>In the early days of the network the number of staked DOT will start from a lower value and will increase gradually over time as new holders will join staking. Assuming a constant number of validators before network stabilization, the barrier for a node to enter the active set will be lower in the beginning.</p><p>The average annual percentage return for a nominator depends on his share in the validator's total stake. It means that <strong><strong>nominators who stake early obtain a bigger share in the validator pool receiving a higher portion of rewards</strong></strong>. With enabled compounding nominators will be able to retain or even increase their share.</p><p>If Joe has 15,000 DOT and the total stake of a validator is 30,000 DOT, Joe will receive one half of the rewards obtained by this validator node. If the total validator stake is 45,000 DOT Joe will receive only one third. In this example, commission rate is not taken into consideration for illustrative purposes.</p><p>After raising the number of validator slots in the set, the barrier will decrease as well as the average stake among active validators meaning that the nominator's staking returns might increase even more.</p><h1 id="you-shall-not-miss"><strong>You shall not miss</strong></h1><p>Polkadot investors have been waiting more than three years for a return on their initial investment. Some are worried that locking DOT in staking can interfere with a quick reaction when DOT become transferable and appear on exchanges.</p><p>Enablement of transfers will be approved by the community of DOT holders via governance. The proposal will be voted for 28 days and if it is accepted, there will be an enactment period of 30 days before the upgrade. <strong><strong>Tokens of participants who cast a Yay vote will be locked.</strong></strong></p><p>In Polkadot, it is possible to vote without locking DOT in the enactment period, in this case, the weight of a vote will be decreased by 90%. There will be enough time to initiate unbonding for those who wish to fix a portion of DOT holdings as soon as possible. It is much more attractive than refusing three months of additional interest.</p><p>In addition, we will notify nominators about the most important milestones and provide individual assistance in our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram chat</a>.</p><h1 id="staking-in-polkadot-is-simple"><strong>Staking in Polkadot is simple</strong></h1><p>If you lack educational information and can't find guides explaining the required steps, read the detailed guides we have prepared to simplify the process:</p><ol><li><a href="https://p2p.org/economy/create-account-in-polkadot-network/">Create a Polkadot account</a></li><li><a href="https://p2p.org/economy/claim-dot-with-polkadotjs">Claim DOT tokens</a></li><li><a href="https://p2p.org/economy/polkadot-nomination-guide/">Nominate validators</a></li></ol><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than 3 billion of USD value. At the time of publishing, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</p><hr><p><em><em>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alexey via [email protected]. We are always ready to help and open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=reasons_to_stake">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p><em><em>This guide will walk you through the steps of creating Polkadot account and receiving individual address to <a href="https://p2p.org/economy/claim-dot-with-polkadotjs">claim DOT</a> tokens and <a href="https://p2p.org/economy/polkadot-nomination-guide">start nominating</a>.</em></em></p><p><a href="https://p2p.org/economy/create-account-in-polkadot-network#create-an-account-using-polkadotjs-ui">Create an account using Polkadot.JS UI</a></p><p><a href="https://p2p.org/economy/create-account-in-polkadot-network#create-an-account-using-polkadotjs-browser-extension">Create an account using Polkadot.JS browser extension</a></p><h1 id="create-an-account-using-polkadotjs-ui"><strong>Create an account using PolkadotJS UI</strong></h1><p>Visit <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a>, go to <code>Settings</code> tab and select <code>address prefix</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-4.png" class="kg-image" alt loading="lazy" width="1899" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-4.png 1600w, https://p2p.org/economy/content/images/2020/09/1-4.png 1899w" sizes="(min-width: 720px) 720px"></figure><p>In a dropdown menu select Polkadot (live).</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-7.png" class="kg-image" alt loading="lazy" width="1899" height="857" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-7.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-7.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-7.png 1600w, https://p2p.org/economy/content/images/2020/09/2-7.png 1899w" sizes="(min-width: 720px) 720px"></figure><p>Set the node/endpoint. Choose one hosted by Parity or Web3 as on screenshot below and click <code>Save & Reload</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-6.png" class="kg-image" alt loading="lazy" width="1901" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-6.png 1600w, https://p2p.org/economy/content/images/2020/09/3-6.png 1901w" sizes="(min-width: 720px) 720px"></figure><p>Go to <code>Account</code> tab and press <code>Add account</code> button. Polkadot mainnet address should start with "1".</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-3.png" class="kg-image" alt loading="lazy" width="1906" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-3.png 1600w, https://p2p.org/economy/content/images/2020/09/4-3.png 1906w" sizes="(min-width: 720px) 720px"></figure><p>Complete all the required fields and save all information in a secure place. For future ease add in the name of the account “stash” to identify it easily in the future or add a tag after creation. You will be able to download and store your encrypted keystore locally.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-3.png" class="kg-image" alt loading="lazy" width="1902" height="856" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-3.png 1600w, https://p2p.org/economy/content/images/2020/09/5-3.png 1902w" sizes="(min-width: 720px) 720px"></figure><p>Press <code>Save</code> and backup your account.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-1.png" class="kg-image" alt loading="lazy" width="1901" height="863" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-1.png 1600w, https://p2p.org/economy/content/images/2020/09/6-1.png 1901w" sizes="(min-width: 720px) 720px"></figure><p>For secure staking you will need to have at least two accounts:</p><p><strong><strong>Stash</strong></strong> - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.</p><p><strong><strong>Controller</strong></strong> - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.</p><p>Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. <strong><strong>After enablement of token transfers</strong></strong>, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.</p><h1 id="create-an-account-using-polkadotjs-browser-extension"><strong>Create an account using PolkadotJS browser extension</strong></h1><p>As an alternative way of creating Polkadot account you can use Polkadot.JS browser extension. It is available for Chrome and Mozilla users.</p><p>First install the extension:</p><ul><li><a href="https://addons.mozilla.org/en-US/firefox/addon/polkadot-js-extension?ref=p2p.org">Mozilla</a></li><li><a href="https://chrome.google.com/webstore/detail/polkadot%7Bjs%7D-extension/mopnmbcafieddcagagdcbnhejhlodfdd?hl=en&ref=p2p.org">Chrome</a></li></ul><p>You will see the orange logo in the menu bar.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-1.png" class="kg-image" alt loading="lazy" width="1877" height="766" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/7-1.png 1600w, https://p2p.org/economy/content/images/2020/09/7-1.png 1877w" sizes="(min-width: 720px) 720px"></figure><p>Open the PolkadotJS plugin and press <code>Create New Account</code> or simply press the cross in the middle.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-1.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-1.png 600w, https://p2p.org/economy/content/images/2020/09/8-1.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Write down or copy your seed phrase and go to the next step. If you will try to paste it before finishing the process, extension window will close so you will need to repeat this step.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-1.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-1.png 600w, https://p2p.org/economy/content/images/2020/09/9-1.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Choose the name of account and set a secure password. Press the orange button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10.png 600w, https://p2p.org/economy/content/images/2020/09/10.png 800w" sizes="(min-width: 720px) 720px"></figure><p>You will see the account in the extension menu. Now you can paste a seed phrase if you copied it in a previous step. Now check that address displays as a Polkadot mainnet address that should start from "1". Press a "gear" in the right top corner. In the dropdown menu choose Polkadot (live). Click <code>back</code> and you will see that address will transform. Now you can copy it to save as a plain text.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/11.png" class="kg-image" alt loading="lazy" width="800" height="885" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11.png 600w, https://p2p.org/economy/content/images/2020/09/11.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Download a backup JSON by pressing three dots and choosing <code>Export Account</code>. The extension will ask you to enter the password which you specified in a previous step.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/12.png" class="kg-image" alt loading="lazy" width="800" height="887" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12.png 600w, https://p2p.org/economy/content/images/2020/09/12.png 800w" sizes="(min-width: 720px) 720px"></figure><p>Now you can visit <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a> and let the extension to add your account. If there was no such intention you can simply press <code>Restore JSON</code> and drug the backup file saved in a previous step. Even if you haven't changed the address format to Polkadot (live) in extension it still can be imported to the <a href="https://polkadot.js.org/apps/?ref=p2p.org#/accounts">Polkadot UI</a> and transformed in a <code>Settings</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/13.png" class="kg-image" alt loading="lazy" width="1899" height="860" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/13.png 1600w, https://p2p.org/economy/content/images/2020/09/13.png 1899w" sizes="(min-width: 720px) 720px"></figure><p>For secure staking you will need to have at least two accounts:</p><p><strong><strong>Stash</strong></strong> - the primary account that holds the funds. The funds can be kept in a cold wallet and all bonded DOT are locked. After unbonding, users must wait for 28 days before they can access the locked funds.</p><p><strong><strong>Controller</strong></strong> - a separate account to control and perform staking commands for stash account, like changing nominations, starting or stopping nominating and so on. It needs to have sufficient funds in DOT to pay for transaction fees when actions are taken.</p><p>Now you have created one account that initially will perform both functions. It will appear in your <code>Accounts</code> tab. <strong><strong>After enablement of token transfers</strong></strong>, it is recommended to create a separate account, send 1 DOT to it and use it as a controller.</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Now you have an account in Polkadot. The next step is to <a href="https://p2p.org/economy/how-to-claim-dot-tokens-with-pokadot-js">claim DOT</a> and <a href="https://p2p.org/economy/how-to-nominate-validators-in-polkadot">start nominating</a>. If you have any questions, join our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected], we will be happy to help.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_create_account">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p><em><em>This guide will walk you through the process of claiming DOT tokens. Make sure that you have <a href="https://p2p.org/economy/create-account-in-polkadot-network">created Polkadot account</a>. After successful claim you can <a href="https://p2p.org/economy/polkadot-nomination-guide">start nominating</a>.</em></em></p><h1 id="claim-your-dot"><strong>Claim your DOT</strong></h1><p>After account registration you need to claim your DOT. Go to the <a href="https://polkadot.js.org/apps/?ref=p2p.org#/claims">claim app</a> on Polkadot UI, select your account and press <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-3.png" class="kg-image" alt loading="lazy" width="1882" height="856" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1-3.png 1600w, https://p2p.org/economy/content/images/2020/09/1-3.png 1882w" sizes="(min-width: 720px) 720px"></figure><p>Paste the Ethereum fundraiser address in the field to connect it with Polkadot account and press <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-5.png" class="kg-image" alt loading="lazy" width="1889" height="859" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-5.png 1600w, https://p2p.org/economy/content/images/2020/09/2-5.png 1889w" sizes="(min-width: 720px) 720px"></figure><p>You will need to sign the message in a grey box with the ETH address that has DOT indicator tokens and paste the transaction signature in the empty box below.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-5.png" class="kg-image" alt loading="lazy" width="1888" height="855" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-5.png 1600w, https://p2p.org/economy/content/images/2020/09/3-5.png 1888w" sizes="(min-width: 720px) 720px"></figure><p>To sign a transaction you can use MyCrypto (MC) or MyEtherWallet (MEW). For increased security, you can run one of the preferred applications on your local computer. Make sure that you have downloaded the latest version for your operating system.</p><p>In MC go to <code>Sign & Verify Message</code>, in MEW go to <code>Message</code> tab. Copy text from the dotted box in the Polkadot claim app you used at the start and paste it into the empty message box in the MC or MEW and click <code>Sign</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-2.png" class="kg-image" alt loading="lazy" width="1888" height="769" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-2.png 1600w, https://p2p.org/economy/content/images/2020/09/4-2.png 1888w" sizes="(min-width: 720px) 720px"></figure><p>After that you will get an output. Copy and paste it into the empty box in the Polkadot claim app and press <code>Confirm claim</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-2.png" class="kg-image" alt loading="lazy" width="1911" height="753" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-2.png 1600w, https://p2p.org/economy/content/images/2020/09/5-2.png 1911w" sizes="(min-width: 720px) 720px"></figure><p>If you have a valid claim you will see a green box with the amount of DOT. Press <code>Claim</code> and then press <code>Submit (no signature)</code> to finish the process. Go to the <code>Account</code> tab and verify that tokens have appeared on the balance of your account.</p><p>Now you are able to take part in staking and nominate, token transfers are prohibited at the moment.</p><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_claim">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Have issues with claiming your DOT? Ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected], we will be happy to help.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_claim"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_claim">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p><em><em>This guide will help you to nominate validators in Polkadot network. Make sure that you have <a href="https://p2p.org/economy/create-account-in-polkadot-network">created account</a> with mainnet address and <a href="https://p2p.org/economy/claim-dot-with-polkadotjs">claimed DOT</a> tokens.</em></em></p><h1 id="nominate-validators"><strong>Nominate validators</strong></h1><ol><li>Visit the<a href="https://polkadot.js.org/apps?ref=p2p.org"> Polkadot UI</a> and select <code>Staking</code> tab. Choose <code>Account actions</code> in the top menu and press <code>+ Nominator</code> button.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/TTNYJu1.png" class="kg-image" alt loading="lazy" width="1917" height="860" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/TTNYJu1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/TTNYJu1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/TTNYJu1.png 1600w, https://p2p.org/economy/content/images/2020/09/TTNYJu1.png 1917w" sizes="(min-width: 720px) 720px"></figure><p>2. In the modal window choose your stash account and a controller account (in our case they are the same and their names and addresses will match). Put the number of DOT you are willing to bond. <strong><strong>This amount should be less than the total amount in your stash</strong></strong> to pay tx fees or set a separate controller account for your stash account in future. It is recommended to leave at least 5% not bonded.</p><p>3. Press <code>next</code> button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/xm1ImvS.png" class="kg-image" alt loading="lazy" width="1916" height="861" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/xm1ImvS.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/xm1ImvS.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/xm1ImvS.png 1600w, https://p2p.org/economy/content/images/2020/09/xm1ImvS.png 1916w" sizes="(min-width: 720px) 720px"></figure><p>4. At this step you will be able to nominate up to 16 validators. Choose validators from the left box. You can easily find a particular validator by pasting his address in the blank search field.</p><p>You cannot specify the amount delegated to a particular validator, bonded stake automatically will spread among selected validators by the algorithm after transition to NPoS.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5ijByOs.png" class="kg-image" alt loading="lazy" width="2000" height="1019" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5ijByOs.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5ijByOs.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5ijByOs.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/5ijByOs.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>5. To nominate P2P Validator pick all <code>P2P.ORG</code> from the left column or simply <strong><strong>copy our addresses one by one in the order indicated below</strong></strong> and paste them in the search field. Don't press <code>Bond & Nominate</code> button until you add all addresses.</p><p><strong><strong>You can find an up-to-date list of recommended addresses on <a href="https://p2p.org/polkadot?ref=p2p.org">our website</a>.</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/RzkWNrT.png" class="kg-image" alt loading="lazy" width="2000" height="1016" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/RzkWNrT.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/RzkWNrT.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/RzkWNrT.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/RzkWNrT.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Clear the search field if you used it and <strong><strong>repeat that step for all addresses</strong></strong>. After adding all addresses clear the search field and check that <strong><strong>all addresses are presented in the right column</strong></strong>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/acURVHP.png" class="kg-image" alt loading="lazy" width="2000" height="1017" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/acURVHP.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/acURVHP.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/acURVHP.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/acURVHP.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Press <code>Bond & Nominate</code> button and confirm the transaction.</p><p>6. After that your funds will be locked. They will become available only after <strong><strong>unbonding</strong></strong> that <strong><strong>will last for 28 days after initiating</strong></strong>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/iSJGVno.png" class="kg-image" alt loading="lazy" width="2000" height="1014" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/iSJGVno.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/iSJGVno.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/iSJGVno.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/iSJGVno.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>7. In the <code>Account actions</code> you will see your bonded account. Your nomination will be in <code>Waiting</code> status until the transition to NPoS. After that system will distribute your stake in an optimal way and you will see that nomination status changed on <code>Active</code> at least for one target and you will receive DOT rewards.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/X9umYEL.png" class="kg-image" alt loading="lazy" width="2000" height="990" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/X9umYEL.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/X9umYEL.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/X9umYEL.png 1600w, https://p2p.org/economy/content/images/size/w2400/2020/09/X9umYEL.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>To edit your nominations press the button with three dots in <code>Account actions</code> tab.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/gWO32vj.png" class="kg-image" alt loading="lazy" width="1734" height="864" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/gWO32vj.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/gWO32vj.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/gWO32vj.png 1600w, https://p2p.org/economy/content/images/2020/09/gWO32vj.png 1734w" sizes="(min-width: 720px) 720px"></figure><p>Choose <code>Set nomenees</code> and simply repeat step #5 .</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/W1bJnmp.png" class="kg-image" alt loading="lazy" width="1734" height="866" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/W1bJnmp.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/W1bJnmp.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/W1bJnmp.png 1600w, https://p2p.org/economy/content/images/2020/09/W1bJnmp.png 1734w" sizes="(min-width: 720px) 720px"></figure><h1 id="about-p2p-validator"><strong>About P2P Validator</strong></h1><p><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><hr><p><em><em>Now you can officially call yourself a nominator. You are fully prepared to earn rewards immediately after the transition to NPoS. Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking?ref=p2p.org">Telegram chat</a> or contact Alex via [email protected]. We are always open for communication.</em></em></p><hr><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate"> https://p2p.org</a></p><p><strong><strong>Stake DOT with us:</strong></strong> <a href="https://p2p.org/polkadot?utm_source=blog&utm_medium=economy&utm_campaign=polkadot_nominate">https://p2p.org/polkadot</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong> <a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></p>
from p2p validator
<p>Polkadot is a decentralized ecosystem of parallelized blockchains called parachains. They can be used for various cases and are able to communicate seamlessly while parallel transaction processing drastically increases scalability. Polkadot implemented shared security meaning that all parachains share their state and are verified by a single validator's set of a Relay Chain. Separate blockchains can also be linked to the Polkadot ecosystem via bridges.</p><p>Developers can utilize Substrate, a framework for building parachains, to minimize the effort of constructing their own blockchain and seamlessly join to the Polkadot ecosystem. The network is permissionless and governed by the DOT token holders on-chain in a truly decentralized manner.</p><h3 id="current-state-and-market-potential"><strong>Current state and market potential</strong></h3><p>Polkadot mainnet is expected to launch by the end of May as a Proof-of-Authority chain with gradual transition to Nominated-Proof-of-Stake.</p><p>Interoperability is an important component for the evolution of blockchains. The benefit of a single network is limited by its capabilities and design solutions. The ability to interoperate seamlessly and utilize some unique features of each other will bring new use cases across interconnected projects and increase the synergy of cumulative value flow.</p><p>The closest analogy to Polkadot Relay Chain is Cosmos Hub secured by the ATOM token, which has a market capitalization of more than $500 000 000 on the date of writing. The Polkadot’s concept of shared security can drive additional demand for DOT token resulting in a higher initial token price and market capitalization at launch.</p><h3 id="token-allocation-and-purpose"><strong>Token allocation and purpose</strong></h3><p>Web3 Foundation raised ~$144 million. The overall DOT token allocation looks as follows:</p><ul><li>50% of DOT tokens sold via ICO in 2017</li><li>50% remain with the foundation where 20% are reserved for future sales or other ways of distribution to the public and 30% to support the Polkadot ecosystem growth</li></ul><p>DOT is the native token of the Polkadot Relay Chain the main purpose of which is to host multiple parachains and form the robust validator set to provide shared security making interchain transactions trust-free. DOT holders will be able to influence the future development of Polkadot ecosystem by participating in governance. Another purpose is to select validators who will be the active set by bonding their DOT and nominating. In order to join Polkadot ecosystem, parachains will need to lock a certain amount of DOT and get approval from the community.</p><p>There is no information available regarding the additional sale before mainnet launch. To acquire tokens you should participate in Kusama as <strong><strong>one percent of DOT tokens at genesis are reserved as a reward for Kusama stakeholders and active community</strong></strong>. The distribution scheme has not been finalized yet.</p><p>Otherwise, you should wait for official announcements from Web3 Foundation and listing on exchanges.</p><h3 id="staking-economics"><strong>Staking economics</strong></h3><p>Polkadot currently uses hybrid consensus algorithm GRANDPA/BABE. Validator nodes verify blocks of Relay Chain and hosted parachains and earn DOT rewards. Polkadot Relay Chain will launch as a Proof-of-Authority chain with smooth transition to NPoS. <strong><strong>Staking rewards depend on annual network emission which is a function of staked tokens</strong></strong>. The maximum value of 10% annual emission is achieved at 50% of tokens at stake resulting in ~20% APR. If the staked percentage surpasses 50% then network emission will decrease drastically. Holders can nominate validators they believe and trust increasing overall security of the network and earn a share of rewards in proportion to their stake in the validator pool.</p><p>In Polkadot, due to the fact that validators perform the same job for the network, they have equal chances to produce a block regardless of their stake. Era rewards are distributed among the active validators meaning that with a rising number of active nodes the reward per validator pool will be lower.</p><p>There is no minimum required to become a nominator but balance must have at least 0.01 DOT and should be sufficient to pay transaction fees. Staking since the beginning of the mainnet will result in higher returns for nominators.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/I3IshhC.png" class="kg-image" alt loading="lazy" width="1368" height="756" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/I3IshhC.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/I3IshhC.png 1000w, https://p2p.org/economy/content/images/2020/09/I3IshhC.png 1368w" sizes="(min-width: 720px) 720px"></figure><p>*<em><em>If 50% tokens are nominated and validators have equal stake.</em></em></p><h3 id="slashing-risks"><strong>Slashing risks</strong></h3><p>If a validator misbehaves there are<a href="https://research.web3.foundation/en/latest/polkadot/slashing/amounts.html?ref=p2p.org"> 4 levels of punishment</a> depending on the severity of misconduct.</p><p>In the case of an <strong><strong>isolated downtime</strong></strong>, the nominated stake won't be slashed but the validator will be removed from the active set and next election without receiving a reward. If it happens repeatedly or more than 10% of validators go offline simultaneously then the nominations of the offending validator will be lost and a portion of a stake will be slashed.</p><p><strong><strong>Isolated GRANDPA equivocation</strong></strong> occurs if a validator signs two or more votes on different chains in the same round. <strong><strong>Isolated BABE equivocation</strong></strong> occurs if the validator produces two blocks on the Relay Chain in the same time slot. In both cases the punishment will be more severe.</p><p>In the case of a validator’s hacks or low level of coordination like <strong><strong>simultaneous BABE/GRANDPA equivocation</strong></strong> by multiple operators, up to 10% of a stake can be slashed.</p><p>If validators form large cartels and pose a serious security risk then punishment can be even bigger - up to 100% slashing.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polka_brief">P2P Validator</a> is a world-leading non-custodial staking provider securing more than $3 billion by over 10,000 delegators/nominators across 25+ high-class networks. We have been present in all Polkadot testnets and have been actively participating on Kusama network since the beginning. P2P Validator invested its own funds in Polkadot in 2017 and intends to support the network in the long term.</p><h3 id="useful-polkadot-resources"><strong>Useful Polkadot resources</strong></h3><p>Website: <a href="https://polkadot.network/?ref=p2p.org">https://polkadot.network</a></p><p>Github: <a href="https://github.com/paritytech/polkadot/?ref=p2p.org">https://github.com/paritytech/polkadot/</a></p><p>List of grantees: <a href="https://wiki.polkadot.network/docs/en/grants?ref=p2p.org">https://wiki.polkadot.network/docs/en/grants</a></p><p>Claim DOT tokens: <a href="https://claims.polkadot.network/?ref=p2p.org">https://claims.polkadot.network/</a></p><p>Whitepaper: <a href="https://polkadot.network/PolkaDotPaper.pdf?ref=p2p.org">https://polkadot.network/PolkaDotPaper.pdf</a></p><p>Litepaper: <a href="https://polkadot.network/Polkadot-lightpaper.pdf?ref=p2p.org">https://polkadot.network/Polkadot-lightpaper.pdf</a></p><p>Overview and design considerations: <a href="https://github.com/w3f/research/blob/master/docs/papers/OverviewPaper-V1.pdf?ref=p2p.org">https://github.com/w3f/research/blob/master/docs/papers/OverviewPaper-V1.pdf</a></p><p>Blog: <a href="https://polkadot.network/blog/?ref=p2p.org">https://polkadot.network/blog/</a></p><p>Forum: <a href="https://forum.web3.foundation/?ref=p2p.org">https://forum.web3.foundation/</a></p><p>Projects in Polkadot ecosystem: <a href="http://polkaproject.com/https://www.oasislabs.com/blog?ref=p2p.org">http://polkaproject.com/https://www.oasislabs.com/blog</a>)</p><p>Mainnet launch explained: <a href="https://www.youtube.com/watch?v=TpcCeo-ZkDY&ref=p2p.org">https://www.youtube.com/watch?v=TpcCeo-ZkDY</a></p><hr><p><em><em>Want to stake DOT with us? Alexey will be happy to help. Contact</em></em> <em><em>[email protected]</em></em> <em><em>to get personal assistance.</em></em></p><hr><p><strong><strong>P2P Validator</strong></strong> provides secure non-custodial staking. Subscribe to our channels and stay tuned for updates and new blog posts.</p><p><strong><strong>Web:</strong></strong><a href="https://p2p.org/?utm_source=blog&utm_medium=economy&utm_campaign=polka_brief"> https://p2p.org</a></p><p><strong><strong>Twitter:</strong></strong><a href="https://twitter.com/p2pvalidator?ref=p2p.org"> @p2pvalidator</a></p><p><strong><strong>Telegram:</strong></strong><a href="https://t.me/p2pvalidator?ref=p2p.org"> https://t.me/p2pvalidator</a></p>
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