Connect your account in a browser extension on the "Connect" button in the top right corner. Ledger accounts can be added directly; please check this article for instructions.
Once you authorize the access, all accounts in the Polkadot extension will be imported to the dashboard and you can click on "Imported accounts" to select which account to connect.
If you already have Stash and/or Controller account(s) in your extension, the Stash-Controller pairs will show up under an "Actively Staking" section. Choosing either of these accounts will connect both.
After you connect the account you want to use as the stash, head over to the Nominate tab on the left menu.
Staking your DOT to SenseiNode validator
Click on the "Start Nominating" button. This will take you through a series of steps to complete staking with your account.
If you haven't performed the previous steps correctly, you will notice that this button is inactive. Ensure that your account is linked.
You need to select the reward destination, i.e., where your staking rewards will be sent. There are three options:
Compound: this option will send the rewards to your Stash account and add them to your current bond (compounding rewards).
To Your Account: this option will send the rewards to your Stash account as transferrable balance (not compounding rewards).
To Another Account: This option will send the rewards to any account you indicate as transferrable balance.
In the next step, you can select which validators to nominate. Add a validators from scratch by clicking on the "Manual Selection" option. Our validator adress is:
Now, enter the amount you want to bond/stake. Be sure to not bonding all the funds in your account because you will needsome transferrable balance to be able to pay for future transaction fees.
In that step, you also see some interesting information that you need to take into consideration. The bar at the bottom shows whether the amount you have entered meets the two thresholds:
a. To nominate (the Nominate line)
b. To actively nominate and receive rewards (the Active line)
If your bond amount falls below the initial threshold, you will be unable to participate in nominations, and the app will prevent you from bonding. Currently, the limit for Polkadot is set at 250 DOT.
If your bond amount is above the initial threshold but below the second threshold, you can still bond, but your account will not be involved in the election mechanism, meaning you will not nominate any validators or receive rewards.
The second threshold is dynamic and subject to change over time. However, if you have completed all three sections, as shown in the image above, you can stake your funds and begin receiving rewards.
After entering the desired bond amount and selecting Continue, a summary will be displayed. Review the summary and click on "Start Nominating" to stake your funds.
To finalize the process, sign the extrinsic. Once the extrinsic is sent to the network, you will be redirected back to the Nominate tab, where you can view all the specific information about your stake, and that's it!
You are now staking
Monitor your Stake and Stay in Touch!
If you'd like to keep in touch with us after your validator activation, leave your DOT public address and any contact info of your preference in the form below.
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