DOT Staking Risk

POLKADOT (DOT)

STAKING DOT

Staking rewards are computed and distributed after each successful era. If a reward is accrued after during an era, it will be issued upon the completion of the era. Satstreet will provide statements to users indicating the amount of the rewards that the user is entitled to as well as the total rewards that were earned and any fees payable. For each era, your share of DOT rewards is proportional to the amount of DOT that you had staked when the era began.

STAKING FEES

Each crypto asset for which Satstreet provides staking services is subject to specific fees because of the unique nature of each blockchain network. These fees are calculated on a percentage basis in relation to the amount of rewards earned. Satstreet’s service fee may be up to 30% of net rewards earned by a user.
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With respect to any rewards earned on your staked DOT: (i) Satstreet’s validator, P2P Staking, will be entitled to a fee and may pay a portion of that fee to any third-party service providers; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Satstreet’s custodial wallets; (iii) Satstreet will be entitled to a fee of 30% in respect of the Net Rewards (the “Satstreet Services Fees”); and (iv) after the Satstreet Service Fee has been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.

Supported Validators

Currently, the third-party service provider we use is P2P Staking. P2P Staking is headquartered in Cayman Islands and is one of the world’s largest blockchain infrastructures and services providers.
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Epochs

Each epoch lasts one day.

Slashing
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Validators miss out on DOT rewards if they fail to participate when called upon, and their existing stake can be destroyed if they behave dishonestly. Satstreet may, at its sole discretion, transfer reimbursements for slashing penalties it receives from P2P Staking to its users less any administrative costs or expenses Satstreet incurs in reimbursing users. In the event a supported Polkadot validator is slashed, Satstreet has no obligation to replace any lost DOT or otherwise provide any compensation for any losses. Negative impacts of slashing will be allocated to all clients using the staking service in proportion to the amount of DOT they had staked.
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Last Updated: July 2023

Staking Risk Statements

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