Staking Polkadot ($DOT): How to delegate Polkadot on Polkadot.js.org

A step by step guide on how to nominate Polkadot on Polkadot.js.org

Anonstake

Published in

Anonstake.com

4 min readSep 24, 2020

In this how-to blogpost we will undergo:

How to nominate validators
Check your account and transaction history
Add stake to the existing validator

Learn more on Polkadot Wiki, create an account on Polkadot.js.org, claim your DOT! ➡ 1️⃣🔗CLANEK LINK

Read all about the rewards being a nominator here ➡ 2️⃣🔗https://wiki.polkadot.network/docs/en/learn-staking#slashing

Read all about the risks of being slashed here: ➡ 3️⃣🔗https://wiki.polkadot.network/docs/en/learn-staking#3-staking-rewards-distribution

How to nominate validators:

Step 1: Make sure you are on the right network

In the left corner at the top, you can change networks and host

Step 2 (OPTIONAL): Create an additional wallet which will serve you as your “Controller” account and send some $DOT to the account for the fees occurring

In Polkadot, you need to understand the difference between “Controller” account and “Stash” account.

Stash account is where you funds will be stored and controlled. You require to back up your seed phrase in order to be always in control of funds.
Controller account controls any nominating and validating actions.

Step 3: In header navigate to “Network” , “Staking” and choose “Account actions”

In header navigate to **“Network”** and choose **“Staking”**

Step 4: You are now ready to nominate by clicking “Nominator” and proceed to pop-up transaction form.

Choose the controller account we set up in Step 2 and the amount of your choosing then click “next”

Search for validator in search box and find “Anonstake” then by clicking on it, you will move it to the “nominated accounts” section on the right then click “Bond & Nominate”

Step 5: Authorise the bond transaction in polkadot.org/apps and confirm the transaction in polkadot.js extension

Authorise the bond transaction by clicking “Sign and Submit”

Confirm the bonding transaction in polkadot.js extension and wait for the notifications in your right corner

Congratulations, you are now staking your Polkadot! 👏 Remember the associated risks with staking Polkadot

Check your account and transaction history

You can check if everything is as you expected on explorers and check balances, transaction history and more! Visit:

Congratulations, your $DOT / Polkadot tokens are now nominated to Anonstake validator and you will start earning your rewards! 🎉🎉🎉

You want to add stake to the existing validator?

If you want to add more bonds then simply follow this:

Choose “Bond more funds” and procced to the pop-up window.

In new window, you can choose the amount you want to add under “additional bonded funds” and proceed to “Bond more”.

What is Polkadot?

Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable, heterogeneous, multi-chain technology.

The website 🔗 https://polkadot.network/ contains more information about the project,
Check out User guide written by Polkadot team: 🔗https://wiki.polkadot.network/,
All development happens on GitHub at 🔗 https://github.com/paritytech/polkadot/.