

April 24, 2024
In this article, we’ll take you through the simple steps to stake DOT natively via the Polkadot staking dashboard.
Polkadot Staking Guide
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STAKE TOKEN
Polkadot (DOT)
Polkadot enables cross-chain communication and scalability, fostering interoperability across blockchain ecosystems with its parachain architecture.
APR 11.54%
Total Stake
NA
Market Cap
7.39BUSD
Token Price
4.73 USD
How many DOT do you want to stake?
Delegation Amount
640 DOT
$0.00
Daily Earnings
0 DOT
$0.00
Monthly Earnings
0 DOT
$0.00
Yearly Earnings
0 DOT
$0.00
April 24, 2024
In this article, we’ll take you through the simple steps to stake DOT natively via the Polkadot staking dashboard.
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Network Product
Polkadot is a decentralized, multi-chain blockchain platform that facilitates the interoperability of various blockchains. It allows multiple blockchains, known as parachains, to operate independently while sharing security and communication through the Polkadot relay chain, enabling a scalable and flexible ecosystem.
Polkadot uses a unique architecture where multiple blockchains (parachains) connect to a central relay chain. This relay chain coordinates the network's security, consensus, and interoperability, allowing different blockchains to transfer data and assets seamlessly across the network.
DOT is the native token of the Polkadot Network. It is used for staking, governance, bonding, and paying transaction fees. DOT holders can participate in governance decisions, such as protocol upgrades and parachain auctions, and can stake their tokens to secure the network and earn rewards.
You can stake DOT tokens directly via Simply Staking by clicking the "Stake" button above. This allows you to delegate your tokens to a validator, contributing to the network’s security and governance while earning staking rewards.