Do you love to stake? Or do you want to support your favorite project by staking on their dApp? You can educate yourself by reading the documentation carefully. In case you have any questions, come and join our Discord channel.
Please take the following parameters into consideration:
- The minimum amount to stake for users is 50 SDN or 500 ASTR.
- You need to claim to receive your rewards, we recommend claiming for your staking rewards once a week.
- There is a bonding period for around 5 days on Shiden and 10 days on Astar. Please note that this is based on a perfect block production of 12s. In case of any delay, your unbonding period can be a little longer.
- The staking rewards are shown in APY by default. APY option is available for stakers who have allowed compounding by turning on 'Re-stake after claiming". On the other hand, APR option is availble for stakers who haven't enabled compounding. The difference is that APR represents the annual rate simply for earning your stake but APY takes compounding into account.
Other pages that can be of interest:
📄️ Staking on dApps
How to stake
📄️ Unbond your stake
📄️ Compound Rewards
Compound rewards feature allows stakers to claim staked rewards which will be automatically restaked on the same dApp. So rather than having to make two extrinsic calls and having to sign two transactions, users needs to only make one extrinsic call to claim the rewards and those rewards are automatically reinvested.
📄️ Nomination Transfer
Nomination Transfer allows stakers to move the entirety or portions of their nominations to other projects while skipping the unbonding period. This way, stakers don't have to sacrifice staking rewards in the unbonding period to support a project you are interested in.