Polkadex Validators in The Polkadex Network After Their Mainnet Launch

Published on: 10.10.2021

Polkadex already have 60 validator nodes spread across the world who are currently verifying transactions and producing blocks. Over 25 more nodes are waiting to validate in the next era. The almost 90 validators are backed by over 400 nominators.

Between validators and nominators, there are over 440,000 PDEX currently staked on the Polkadex blockchain (around 14% of the circulating supply or over 2% of the total supply). A vibrant validator community and a large amount of PDEX staked at one time are two essential ingredients for the long-term prosperity of the Polkadex network.

What about staking?

Polkadex’s nPOS consensus allows anybody in the network — not just validators — to stake their PDEX and help secure the network. In this case, anybody can ‘nominate’ validators by adding their PDEX to the validators’ total stake. By staking with a validator you become a nominator and can start earning returns on your staked PDEX. At the time of writing, the annual percentage yield (APY) from all validators is around 112%, but it is expected to drop to around 10–15% APY depending on the validator.

So who are the validators?

They could be anybody! Polkadex is a decentralized public chain, which means anybody who chooses to can become a validator of the chain. However, running a validator node might require more advanced technical knowledge and hardware (hardware requirements will probably increase as Polkadex matures and it becomes more and more competitive to validate).