Guides

Joining a Nomination Pool

Step-by-Step Guide for Staking Avail Tokens by Joining a Pool

Avail Community

How to Join a Nomination Pool to Stake AVAIL Tokens?

Step-by-Step Breakdown of Joining a Nomination Pool

Staking Avail tokens is essential for the security of the Avail network and contributes to its long-term growth. This guide walks you through the process of joining a nomination pool.

Please Note

Nomination pools are excellent for stakers with smaller token balances and anyone wishing to have a pool creator taking care of the validator selection. If you’d rather become a solo staker, please have a look at our guide for Staking AVAIL Tokens.

Step-by-step Video Guide

This guide on joining a nomination pool is also available as a video:

Step 1: Navigate to the Avail Staking Dashboard

Please visit staking.avail.tools to access the Avail Staking Dashboard.

Step 2: Connect your Wallet to the Dashboard

On the upper right hand corner, you can find the button to connect your wallet to the dashboard.

  1. Click “Connect“
  2. Select your wallet provider (we are going to use SubWallet for this tutorial)
  3. Select the wallets you’d like to connect.
  4. Confirm by clicking “Connect“

Once you have successfully connected your wallet, we can proceed.

Let’s have a look how the process of joining a nomination pool looks like.

Step 3: Navigate to the Pools Section

Please navigate to the Pools section in the Dashboard.

Step 4: Select Pool

In the next step, please click on “All Pools” to see an overview of all available pools in the network. On this page, you’ll find a list of all active pools in the network.

Please click on the “More” button of the pool of your choice and then “Join Pool” to confirm your selection.

Step 5: Select Payout Destination

Next, select the payout destination to decide how your staking rewards are managed. Confirm your choice by clicking the “Continue” button.

What payout destinations can I choose from?

You can choose between the following options:

  • Allow Withdraw (staking rewards are automatically sent to your wallet)
  • Allow Compound (staking rewards are automatically compounded)
  • Permissioned (staking rewards are sent to another address of your choice)
A minimum of 100 Avail is needed to join a pool. A minimum of 10,000 Avail is needed to create a pool.
That’s it!

Congratulations, you have successfully staked your tokens by  joining a pool.