{"id":13644,"date":"2022-09-05T17:16:29","date_gmt":"2022-09-05T17:16:29","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/staking-on-polkadot-explained\/"},"modified":"2022-09-05T17:16:31","modified_gmt":"2022-09-05T17:16:31","slug":"staking-on-polkadot-explained","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/staking-on-polkadot-explained\/","title":{"rendered":"Staking on Polkadot, explained"},"content":{"rendered":"

<\/p>\n

\n

It can do &mdash; and in some cases, you may have to lock up your DOT for 120 days.<\/em><\/p>\n

A lot can happen in 120 days &mdash; case in point, DOT fell from an all-time high of $55 to lows of $17 over this timeframe&hellip; down 69%. This painfully shows why it’s important to assess your options, and consider staking providers where you can earn yield without enduring long lock-up periods and helplessly watching your crypto plunge in value.<\/p>\n

In some cases, it can take 28 days to unbond from a validator node &mdash; while in others, you can choose between fixed periods of 30, 60, 90 or 120 days.<\/p>\n

But XGo is completely rethinking this approach. This platform offers no lock-ups on withdrawals and no unbonding period, meaning you’re fully in control. Better still, rewards are paid out daily &mdash; and you can transfer your assets at any time.<\/p>\n

Given how there’s heightened fear in the crypto markets, and a lot of uncertainty driven by the Federal Reserve’s mission to increase interest rates and tackle red-hot inflation, this much-needed flexibility helps keep HODLers in the driving seat.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

It can do &mdash; and in some cases, you may have to lock up your DOT for 120 days. A lot can happen in 120 days &mdash; case in point, DOT fell from an all-time high of $55 to lows of $17 over this timeframe&hellip; down 69%. This painfully shows why it’s important to assess […]<\/p>\n","protected":false},"author":1,"featured_media":13645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-13644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"\nStaking on Polkadot, explained | NFT & Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/staking-on-polkadot-explained\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Staking on Polkadot, explained | NFT & Crypto News\" \/>\n<meta property=\"og:description\" content=\"It can do &mdash; and in some cases, you may have to lock up your DOT for 120 days. A lot can happen in 120 days &mdash; case in point, DOT fell from an all-time high of $55 to lows of $17 over this timeframe&hellip; down 69%. 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