A Beginner’s Guide to Accruing Rewards with DOT
When staking Polkadot (DOT), you are supporting the network while compounding your DOT. Staking DOT is the process of holding DOT "stake" to partake and support the operations in the Polkadot network to receive rewards. To be a "validator" and participate in these operations, one must maintain a continuously running server, have technological know-how and experience, and have a significant self-bond.
This is where P2P.org comes in. P2P.org allows DOT token holders to forget about all the heavy lifting, i.e., maintenance, surety bonds, etc., by "nominating" their holdings to P2P.org to accrue these rewards. P2P.org accumulates users' stakes and acts as a major validation node, receiving and allocating staking rewards among our users in proportion to their delegation. Users who choose to stake with P2P.org maintain full custody of their DOT at all times, and P2P.org will never have access to them.
Example:
Let's assume the NRR for staking DOT is 5.8% with a 0% validator fee, and 1000 DOT are delegated to P2P.org.
I delegate 1000 DOT to all 16 P2P.org validators:
Reward: 1000*5.8% = 1058DOT
Validator Fee = 58*0% = 0 DOT
Estimated balance after 1 year = 1000+58-0 = 1058 DOT
By simply delegating my 1000 DOT as I hold it, I will have supported the network and accrued an additional 1058 DOT after 1 year. To find out today's NRR and fees for DOT, visit P2P.org Staking Rewards and Fees.
Please keep in mind that the specified NRR and Fee are approximate and may change with network conditions. Network rewards vary and are not guaranteed.
For more information on staking Polkadot (DOT) with P2P.org and our special offer for large DOT delegations, visit https://p2p.org/polkadot.
For additional staking support, visit the P2P.org Polkadot Help Center.
You can also contact a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing letsgo@p2p.org.