1. What is Polkadex?
Polkadex is a fully decentralized peer-to-peer orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate. It aims to combine the benefits of centralized and decentralized exchanges into one.
2. What is the Polkadex staking APY?
The Polkadex staking APY is currently at 83%. Please check on polkadotjs wallet for most upto date APY information. As more validators are added to the system and more people stake, it is expected to stabilise to approximately 10-15%.
3. How often are staking rewards distributed?
Staking rewards can be claimed by stakers at the end of each era (24 hours). All rewards must be claimed within a maximum of 84 eras which is the expiration period.
4. Is there an unstaking period?
The unbonding period in Polkadex network is 28 days. During this period, your tokens cannot be transferred and will not produce staking rewards.
5. Is there a slashing risk for validators?
Slashing happens if a validator misbehaves in the network. The validator and its nominators will get slashed by losing a percentage of their staked PDEX tokens.
6. Is there a minimum staking amount for Polkadex?
There is no minimum staking amount in Polkadex.
7. Do staking rewards compound?
Yes, staking rewards are compounded if you choose to deposit the rewards to your stash account with the ‘increase the amount at stake’ option.
8. What is the Polkadex inflation rate?
The Polkadex inflation rate is approximately 3.1%.
Check the polkadotjs wallet for the most upto date information.
9. Where can I learn more about Polkadex staking?
To learn more about Polkadex staking, watch WALK-THROUGH: How to stake your PDEX on the Polkadex Mainnet - YouTube
10. How are staking rewards claimed?
Staking rewards can be claimed by either the validator or any of the nominators at the end of the era. Pending payouts can be viewed and initiated under the Payouts tab on the Staking page. Usually, the validator initiates the payout for all in the validator’s pool.