This guide will follow through the process of joining the P2P.ORG nomination pool.
Joining a Nomination Pool
Bonding Requirements: Note that pooling your DOTs requires bonding them, and once pooled, it takes 28 days to withdraw them.
Visit the Polkadot Staking Dashboard and locate the Pools tab.
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.
💡 Note that the bonded funds are transferred to a pool account administered by the network protocol and are not accessible to anyone else.
See System Accounts for more information.
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.
💡 There is no automatic rewards-claiming feature.
It would help if you claimed rewards manually.
P2P.ORG is working on automating reward claims under certain conditions.
The available options are:
Allow Withdraw: Anyone can claim the rewards on your behalf as a transferable balance in your account.
Allow Compound: It grants permission to anybody to claim and compound your rewards.
Pemissioned: Only you can claim rewards.
Sign the Transaction using your wallet.
Your dashboard will show the information about the nomination pool.
Leaving a Nomination Pool
Navigate to your Pool: Click' Manage' in the 'Pools' section.
Select ‘Leave Pool’, review the unbonding amount, then click 'Submit'. Your funds will be available after 28 days in Polkadot.
Sign the Transaction using your wallet.
How to Manually Claim Your Pool Rewards
P2P.org claims daily all validators’ rewards. However, in nomination pools, 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.
To claim the pool’s rewards, go to the Pools tab on the Polkadot staking dashboard and check your unclaimed rewards.
Choose Reward Action:
Click "Withdraw" to add staking rewards to your transferable balance.
Click "Compound" to return your rewards to the pool, increasing your stake.
Click "Submit" and sign the transaction to claim your rewards.
For more detailed information, also refer to the community guide on how to join the nomination pool and the guide on how to claim rewards.
If you are using Ledger, please refer to the ledger’s instructions on how to join the nomination pool from the ledger.
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 Polkadot Help Centre.
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].