Polkadot DOT Interest Rates: Lending, Staking & Live Prices

Price of Polkadot (DOT) Today

As of the latest data, Polkadot (DOT) is currently priced at $3.22 with a market capitalization of $5,262,556,821.31. The 24-hour trading volume stands at $375,444,534.00, The circulating supply of Polkadot is approximately 1634334416.554466. The cryptocurrency has seen a -0.93% decrease in value over the past 24 hours.

Platform	Coin	Price
Bitmart	Polkadot (DOT)	2.8
Bitstamp	Polkadot (DOT)	2.81
Blockchain.com	Polkadot (DOT)	3.5
Bybit	Polkadot (DOT)	2.81
CoinList	Polkadot (DOT)	6.83
Crypto.com	Polkadot (DOT)	2.8

Platform

Coin

Price

2.8

2.81

3.5

2.81

6.83

2.8

Platform	Coin	Interest rate
Nexo	Polkadot (DOT)	Up to 15% APY
EarnPark	Polkadot (DOT)	Up to 5.5% APY
YouHodler	Polkadot (DOT)	Up to 16% APY

Platform

Coin

Interest rate

Up to 15% APY

Up to 5.5% APY

Up to 16% APY

Platform	Coin	Staking rewards
YouHodler	Polkadot (DOT)	Up to 15% APY
Uphold	Polkadot (DOT)	Up to 9.5% APY

Platform

Coin

Staking rewards

Up to 15% APY

Up to 9.5% APY

Platform	Coin	Interest rate
Nexo	Polkadot (DOT)	From 2.9% APR
YouHodler	Polkadot (DOT)	From 12% APR
Bitget	Polkadot (DOT)	From 24.65% APR

Platform

Coin

Interest rate

From 2.9% APR

From 12% APR

From 24.65% APR

About Polkadot (DOT)

Polkadot (DOT) is a multi-chain network designed to facilitate interoperability among various blockchains while ensuring secure information sharing. Its architecture features a central relay chain that provides security and consensus for connected parachains, allowing them to function independently...

Polkadot (DOT) addresses multiple use cases across various sectors, with a primary focus on interoperability and scalability. A notable application is in decentralized finance (DeFi), where projects can utilize Polkadot's framework to develop cross-chain lending and borrowing solutions, enhancing...

Polkadot (DOT) features a unique tokenomics model with a total supply of 1 billion tokens, utilized for governance, staking, and bonding within the network. The distribution model incentivizes participation and security; a portion of DOT tokens is allocated to early investors, the Web3 Foundation,...

Polkadot employs a strong security model based on its nominated proof-of-stake (NPoS) consensus mechanism, enhancing the network's resilience against attacks. Validators are selected based on the number of DOT tokens they hold and nominations from other token holders, ensuring a diverse and...

Polkadot's development roadmap outlines key milestones aimed at enhancing its functionality and ecosystem. The network launched in May 2020 with the relay chain, followed by the introduction of parachains in December 2021, enabling multiple blockchains to operate in parallel.

How to Keep Your Polkadot (DOT) Safe

To enhance the security of your Polkadot (DOT) holdings, consider using a hardware wallet, which provides a secure offline environment for storing your private keys. Recommended options include Ledger and Trezor for their robust security features. Best practices for private key management include never sharing your keys, using strong and unique passwords, and enabling two-factor authentication whenever possible. Be aware of common security risks such as phishing attacks and malware; mitigate these risks by only accessing your wallets from secure devices and verifying URLs before entering sensitive information. Implementing multi-signature security options can further protect your assets by requiring multiple keys to authorize transactions, thereby adding an extra layer of security. Lastly, establish a reliable backup procedure by securely storing your recovery phrases and wallet backups in multiple locations, ensuring that you can regain access to your funds in the event of device loss or failure.

How Polkadot (DOT) Works

Polkadot operates on a unique multi-chain architecture that enables different blockchains, known as parachains, to interoperate and share information securely. Its consensus mechanism utilizes a hybrid approach that combines Nominated Proof-of-Stake (NPoS) with a relay chain, which coordinates the network and ensures that transactions across parachains are validated efficiently. Transaction validation involves a process in which validators, selected based on their stake, confirm transactions and add them to the relay chain, maintaining high throughput and low latency. Network security is enhanced by the shared security model, where all parachains benefit from the security of the relay chain, making it resilient against attacks. Unique technical features of Polkadot include its ability to facilitate cross-chain communication and its capacity to upgrade without hard forks, allowing for seamless improvements and adaptability to evolving technological needs.

Frequently Asked Questions About Polkadot (DOT)

What is Polkadot (DOT) and how does it function?

Polkadot (DOT) is a multi-chain platform designed to enable different blockchains to interoperate and share information securely. It utilizes a unique architecture that includes a central relay chain and numerous parachains, allowing for scalability and customization. By connecting various blockchains, Polkadot facilitates a more decentralized web, enhancing functionality and user experience. Its consensus mechanism ensures network security while enabling upgrades without hard forks, making it a flexible and innovative solution in the blockchain ecosystem.

About Polkadot (DOT)

How to Keep Your Polkadot (DOT) Safe

How Polkadot (DOT) Works

Polkadot Price (DOT)

Price of Polkadot (DOT) Today

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About Polkadot (DOT)

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Frequently Asked Questions About Polkadot (DOT)

About Polkadot (DOT)

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Polkadot DOT News

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