Polkadot (DOT)
Validators
Currently all our public validators are set at 100% commission for our B2B customers. If you delegate to them without an agreement with Kiln, you will not earn any rewards. This also applies to our nomination pool, as it exclusively nominates our validators.
Staking mechanics
Stake activation time
0-24 hours (end of current era)
Stake lock-up time
28 days
Re-delegating activation time
0-24 hours (end of current era)
Rewards frequency
First rewards: 1 era after stake is active (0-24 hours + 24 hours). Rewards frequency: beginning of every era (24 hours). Last rewards: last rewards earned before unstaking.
Auto-compounding
Nomination pools do not have the ability to auto compound rewards.
Self-bond
None
Active set
Yes (400 validators, list here)
Slashing
Yes, nominators' bonded tokens can be slashed.
Relationship between validator stake balance and rewards
Validators earn the exact same amount of rewards, that is distributed to their top 512 nominators proportionally to their bonded tokens.
Staking workflow
What is the staking process?
When joining a nomination pool, you need to choose the amount to bond (ie stake). The pool will nominate validators on your behalf.
Do funds move out to another wallet?
Yes, the bonded funds move to the nomination pool stash account.
Can I keep staking/unstaking from/to the same wallet?
Yes, you can bond extra tokens to the same wallet and unbound / withdraw several times.
Can I select how much of my wallet balance I want to stake?
Yes, you select the amount of tokens you want to bond in a stash account.
Can I unstake part of the staked balance?
Yes, to do so you can select the amount of tokens you want to unbond (this takes 28 days), and then withdraw it (instant).
How is my balance computed at era N for the rewards distribution?
The balance computed at era N for the rewards distribution is the balance at the beginning of era N-1.
Staking links
How can I get testnet tokens?
You can request some here.
Performance
The performance of Kiln validators can be viewed on the TurboFlakes app:
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