Polkadot DOT Staking for ~14% APR Interest

Polkadot allows you to stake your DOT tokens directly on their blockchain to earn ~14% APR interest.

Annual percentage rate can fluctuate on a variety of factors and is provided only as a current estimate. The most common way to stake your crypto on the Polkadot blockchain is to stake your DOT as a nominator. Interest payouts are distributed to stakers once per day.

Relevant resources & tutorials to assist you:

For those seeking a less technical Polkadot staking solution, Kraken offers a 12% APR to stake on their platform. But bear in mind that Kraken is a custodial exchange in which you do not hold the private key for your crypto. Learn the differences about staking your DOT on Kraken vs directly on the Polkadot blockchain.

CryptoPerk Score: 8.5