Polkadot Staking Rewards, Results after 1 week

I’ve been staking DOT tokens on the Polkadot network for about a week now, time to show you the rewards.

Before we get into it, I want to tell you about the things I’ve learned:
– The first one being that on the Polkadot Networks rewards don’t get paid out automatically, you have to claim them yourselves. In most cases, the Validator will do this for you so you don’t have to worry about this.
– The second one is that rewards can expire. If a reward isn’t claimed within 84 eras, the reward will expire. You can claim your rewards, in case the validator didn’t do this for you, through the payout page.
– To view your rewards you will have to use Polkascan. Here you can enter an account or a block and get the transaction history. The url is https//polkascan.io/
– You can choose “risky” validators to get higher interest. With this I mean validators that have a low own stake, this will result in a bigger reward for you but that validator has less to lose so he might do a bad job…

I’ve received an average annual interest of about 14%. I could receive a higher interest by staking more DOT and picking validators with low commission and low own stake. I prefer to be safe and I’m currently happy with that 14%.

A lot of people ask me how they can pick the right Validators so be sure to check out this video where I go over everything you need to know: https://www.youtube.com/watch?v=QqlUYCrhKWw

If you have any questions feel free to leave a comment or join the Discord server on https://discord.gg/hTBE5Rh

Also be sure to check out the extensive Poladot Wiki: https://wiki.polkadot.network/

#Polkadot #Cryptocurrency
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