Joining a Pool

CTC holders can become pool members by adding their CTC tokens to the pool’s bonded account. A pool will use all of its bonded funds when acting as a nominator. To add additional funds to a pool, users can choose to automatically re-stake their staking rewards, or manually bond additional CTC.

A Creditcoin account can only be member of a single pool at a time. To exit a pool, any account can begin the unbonding process. 7 days after unbonding has started, a member can withdraw their funds, exit the pool and join a different one if desired.

1. Connect to the Creditcoin Staking Dashboard with the funded account. You can only participate with transferable balance.

2. In the Pools tab, click on the Join button.

3. Pick a pool to join and click on its corresponding Join button. If unsure how to choose one, check the Choosing a Pool guide.

4. You will be prompted to enter your staking preferences.

   1. Enter the amount of CTC to bond.

   2. Enable or disable permisionless claiming.

   3. Click on submit once you are done.

5. Once the extrinsic gets included in the blockchain, you will see the Pools page again with information about the nomination pool you recently joined.