Polkadot Staking Binance

The current annual yield on Polkadot is around 10%, minus the validators’ commission rate . Carefully select your validator(s) as the rewards you’ll receive will depend on them. If they do not behave properly, they will get slashed and you will lose DOT as well.

The current reward rate for validators is determined by the current Total Staked % . The less DOT is being staked, the higher are the rewards. You can play with the different reward scenarios under certain network conditions in our Staking Calculator.

The 6 Best Places to Stake Polkadot

This is a disadvantage on security when compared with wallets that let you Stake on-chain (like Ledger Live and Polkadot. js). If you don’t take this risk into account, then Staking with Kraken is indeed safe . Kraken is one of the oldest and most secure crypto exchanges.