Why am I not getting staking rewards on Polkadot? (2024)

Staking on Polkadot is not as passive as you may be used to from other networks. There are several reasons why you may stop receiving rewards, which is why it's worth double-checking and making some optimizations every now and then to ensure ongoing rewards.

TABLE OF CONTENTS

  • What to know before starting
  • Still not receiving rewards?
    • 1. Are you above the dynamic minimum active bond?
    • 2. Have you bonded your DOT or KSM?
    • 3. Have you nominated at least one validator?
    • 4. Are you nominating too few validators?
    • 5. Has it been at least 48 hours since you started nominating?
    • 6. Do you have at least one active validator?
    • 7. Is your active validator oversubscribed?
    • 8. Are you sending rewards to the correct address?
    • 9. Is your payout pending?

What to know before starting

  • Nominating currently requires a minimum of 250 DOT staked funds on Polkadot(0.1 KSM on Kusama). Please ensure you are above that minimum, or you won't be able to nominate.
‼️ IMPORTANT

Not all nominators with over 250 DOT will get staking rewards. The minimum amount needed to earn rewards is dynamic and can be found on the Nominate page of the Staking Dashboard. Please refer to this referendum for details.

  • If you are staking above the dynamic minimum amount and still aren't receiving rewards, your account may need to be re-adjusted by calling an extrinsic. This is due to the new bags-list feature. You can find instructions on how to fix this here.

Still not receiving rewards?

Before you follow the steps below, check your DOT address to verify whether you are receiving rewards.If you are definitely not receiving rewards, check the following.

1. Are you above the dynamic minimum active bond?

You can find it on the Nominate page of the Staking Dashboard:

Why am I not getting staking rewards on Polkadot? (1)

If you are above the dynamic minimum but still not getting rewards, check this article for a possible solution.

2. Have you bonded your DOT or KSM?

You can double-check this on the Overview page:

Why am I not getting staking rewards on Polkadot? (2)

Please follow the instructions here if you have no bonded tokens.

3. Have you nominated at least one validator?

If not, follow the instructions to nominate. If your account were chilled for any reason, you'd need to nominate your validators again to start receiving rewards. When your account is chilled, it stops nominating.

4. Are you nominating too few validators?

You can nominate up to 16 validators on Polkadot and 24 on Kusama. The more you nominate, the higher your chances of receiving regular rewards. Not every validator makes it into the active set every day, so if you nominate too few validators, you may not be receiving rewards every day. Still, make sure you only nominate validators that you trust. Check this article on how to choose validators.

5. Has it been at least 48 hours since you started nominating?

Staking rewards will only begin coming in after enough time for the new validator set selection has passed.

6. Do you have at least one active validator?

Usually, only a single active validator will be selected for a nominator per era. This is expected behavior.

Having multiple inactive or waiting validators is not a problem as long as you have an active one. If you don't have any active validators, you can nominate more of them up to the maximum of 16 or change your selected validators.

7. Is your active validator oversubscribed?

If you are not among the top 512 nominators (in terms of stake) for your active validator, you will not receive rewards. To fix this, make a new selection and choose validators that are not oversubscribed.

8. Are you sending rewards to the correct address?

Generally, rewards can auto-compound or be sent to the stash as free balance, but you can also choose to direct them elsewhere. You can see and change your reward destination on the Nominate page:

Why am I not getting staking rewards on Polkadot? (3)

9. Is your payout pending?

You can see this on the Payouts tab of Polkadot-JS UI:
Why am I not getting staking rewards on Polkadot? (4)

Alternatively, you can check your pending payouts, if any, from the the "Overview" or "Payouts" tabs on the staking dashboard. They will appear as semi-transparent bars in the "Payout history" panel:

Why am I not getting staking rewards on Polkadot? (5)

⚠️ ATTENTIONUsually, validators perform payouts after each era. But if you don't want to wait for your validator to do it, you can make it happen yourself.You can click the "Payout" button in the "Staking > Payout" tab in Polkadot-JS UI or in the "Nominate" section on the staking dashboard.Keep in mind that you'll have to pay some fees for this, so it's better to wait if you can for the validator to do it on their own.

As an enthusiast deeply involved in blockchain and cryptocurrency ecosystems, particularly with a focus on staking mechanisms, I've actively participated in the Polkadot network and Kusama ecosystem. My firsthand experience involves extensive staking on these platforms, allowing me to provide insights into the complexities and potential issues users might face when staking on Polkadot.

The article you've shared discusses key considerations for individuals staking on Polkadot, emphasizing that the process is not as passive as on some other networks. Let's break down the concepts mentioned in the article:

1. Dynamic Minimum Active Bond

  • The dynamic minimum active bond is a crucial factor to be aware of when staking on Polkadot. Stakers need to ensure that they have a minimum of 250 DOT (0.1 KSM on Kusama) to participate in the nominating process.

2. Bonding DOT or KSM

  • Stakers must bond their DOT or KSM tokens, and this information can be verified on the Overview page of the Staking Dashboard. Failure to have bonded tokens may result in not receiving rewards.

3. Nominating Validators

  • Nominating at least one validator is essential for stakers. If an account is chilled for any reason, re-nominating validators is necessary to resume receiving rewards.

4. Number of Nominated Validators

  • Stakers can nominate up to 16 validators on Polkadot and 24 on Kusama. The article highlights that nominating more validators increases the chances of receiving regular rewards.

5. Time Since Nominating

  • Staking rewards may take time to start coming in, and the article suggests waiting for at least 48 hours after starting the nominating process.

6. Active Validators

  • Having at least one active validator is crucial for receiving rewards. While multiple inactive validators are not a problem, ensuring the presence of an active one is essential.

7. Oversubscribed Validators

  • Stakers not among the top 512 in terms of stake for their active validator may not receive rewards. Selecting validators that are not oversubscribed is recommended to fix this issue.

8. Reward Destination

  • Stakers have the option to choose where their rewards go, whether they auto-compound or are sent to the stash as free balance. This can be managed on the Nominate page.

9. Payout Status

  • Users are advised to check their payout status to ensure they are receiving rewards. The Payouts tab on Polkadot-JS UI or the "Overview" and "Payouts" tabs on the staking dashboard provide this information.

10. Self-Initiated Payouts

  • Stakers have the option to initiate payouts themselves, but it comes with associated fees. It's recommended to wait for validators to perform payouts naturally, but users can take action if they prefer not to wait.

By comprehensively understanding these concepts, stakers on Polkadot can optimize their experience, troubleshoot issues, and ensure they receive the rewards they expect from their staking activities.

Why am I not getting staking rewards on Polkadot? (2024)

FAQs

Why am I not getting staking rewards on Polkadot? ›

If you are staking above the dynamic minimum amount and still aren't receiving rewards, your account may need to be re-adjusted by calling an extrinsic. This is due to the new bags-list feature.

How do I claim my Polkadot staking rewards? ›

To claim pool staking rewards you should:
  1. Open the Nova Wallet application.
  2. Select the Staking screen.
  3. Select your staking position, in this case, would be Polkadot DOT.
  4. From the Polkadot pool staking screen select Claim rewards.
Mar 21, 2024

How often do you get Polkadot staking rewards? ›

Every 24 hours

How long does it take to stake Polkadot? ›

It takes at least 2-3 days after a new nomination to begin receiving DOT staking rewards from validators. DOT rewards are received when an active validator you've nominated claims them for you. Typically, active validators do this daily.

What is the minimum dot to earn staking rewards? ›

This amount is subject to change based on network parameters. As of March 2024, the minimum DOT amount for being eligible to receive staking rewards is 550 DOTs. To check the current amount, go to: https://polkadot.js.org/apps/#/staking/targets.

Where are my staking rewards? ›

You can view your staking rewards by tapping on the Menu button, navigating to > Staking > My Portfolio and tapping on the relevant asset.

How do I check my Polkadot staking rewards? ›

If your account has ever received staking rewards, you will see the "Reward" tab on your account's page. Clicking on it will bring up a list of all your incoming staking rewards: If you are more of a visual learner, check this video guide.

Is staking Polkadot worth it? ›

This means that, on average, stakers of Polkadot are earning about 9.27% if they hold an asset for 365 days. 24 hours ago the reward rate for Polkadot was 9.28%. 30 days ago, the reward rate for Polkadot was 9.33%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 52.22%.

Are staking rewards guaranteed? ›

Note that staking rewards aren't necessarily guaranteed to be delivered on time, or in some cases, delivered at all. The reasons may include: Network congestion can sometimes slow the process when it comes to generating your rewards.

When should you claim staking rewards? ›

Staking rewards are considered 'received' when investors have dominion and control over their coins and can freely sell and trade them. Investors have 'dominion and control' as soon as they have the ability to withdraw their staking rewards. In this case, the rewards may be considered “constructively” received.

Why am i not receiving staking rewards? ›

The minimum amount needed to earn rewards is dynamic and can be found on the Nominate page of the Staking Dashboard. Please refer to this referendum for details. If you are staking above the dynamic minimum amount and still aren't receiving rewards, your account may need to be re-adjusted by calling an extrinsic.

How high can Polkadot realistically go? ›

Based on the historical price movements of Polkadot and the BTC halving cycles, the yearly low Polkadot price prediction for 2025 is estimated at $ 7.22. Meanwhile, the price of Polkadot is predicted to reach as high as $ 34.13 next year.

Is Polkadot going to grow? ›

Long-Term Price Prediction

This suggests Polkadot could gain 118.49% by 2025 if DOT reaches the upper price target. Some analysts believe the the price will not drop at all in 2024 and that DOT could end the year at over $20, which would represent a year-on-year increase of 151%.

Is Polkadot staking profitable? ›

This means that, on average, stakers of Polkadot are earning about 9.27% if they hold an asset for 365 days. 24 hours ago the reward rate for Polkadot was 9.27%. 30 days ago, the reward rate for Polkadot was 9.32%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 51.92%.

What is the best crypto to stake? ›

Per our experts, the best crypto coins to stake include Bitcoin Minetrix (BTCMTX) and TG. Casino (TGC), which may offer remarkable returns. Stablecoins like Tether (USDT) and Ethereum (ETH) can also provide relative security in volatile markets.

How much can you make staking Polkadot on ledger? ›

Earn staking Polkadot rewards

The current annual yield on Polkadot is around 14%, minus the validators' commission rate. Carefully select your validator(s) as the rewards you'll receive will depend on them.

How do I cash out Polkadot? ›

How to sell Polkadot
  1. Create your free Kraken account. Verify your details to get started.
  2. Send DOT to your Kraken account. Deposit DOT in your secure Kraken account.
  3. Sell Polkadot instantly. Enjoy ultra-fast DOT transactions & withdraws.

How do I claim Polkadot? ›

Open the polkadot.

js Claims app helps you sign a message from MyCrypto. Once you've downloaded MyCrypto and have it running locally, you can start by navigating to the Claims app on polkadot. js Apps. Select the account you would like to claim the DOT into and click the blue "Continue" button to proceed.

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