Polkadot (DOT) Introduces Staking Dashboard 1.1 Featuring MetaMask Compatibility

By 0xGorki 10/30/23 3:00 PM

Polkadot (DOT), a leading player in the world of blockchain and cryptocurrency, has recently unveiled an impressive upgrade to its ecosystem with the launch of Staking Dashboard 1.1. This significant development promises to provide Polkadot stakers with enhanced tools and features that make staking even more accessible and informative. The release, which was teased by Ross Bulat, an engineer at Parity Technologies responsible for Polkadot’s development, has been eagerly awaited by the crypto community.

In a series of tweets, Ross Bulat shared the key features and improvements that Polkadot enthusiasts can expect from the new Staking Dashboard. Let’s dive into what this upgrade means for Polkadot stakers and the broader crypto ecosystem.

1/ Polkadot Staking Dashboard 1.1 Is Now Live 🎉 This is a BIG release.
MetaMask support, new power-user features for managing nominations, configurable RPC endpoints, and a lot more, all in this thread.

Get ready to #StakeDOT at the next level. Let’s dive in🧵👇 pic.twitter.com/9HG3CdFj6Y

— Ross (@rossbulat) October 30, 2023

Enhanced Reporting for Polkadot Stakers

One of the standout features of the Staking Dashboard 1.1 is its enhanced reporting capabilities. Users can now enjoy more intuitive reporting of the ongoing activities within the Polkadot ecosystem. Ross Bulat explained how this would provide a more comprehensive view of the system, allowing stakers to make more informed decisions.

Validator Performance Metrics at a Glance

For the first time, stakers can easily access 14-day validator performance metrics directly alongside their names. This allows stakers to quickly determine whether a validator has been inactive and assess their performance relative to other nominations. This enhancement simplifies the process of selecting a balanced set of nominees, making it easier for stakers to optimize their rewards.

New Ordering Options for Validators

The upgrade also introduces new ordering options for validators. Validators are now ordered by performance as the default setting, and a “14 Day Performance” ordering option has been added. This allows stakers to easily identify high-performing validators, simplifying the selection process.

Improved Nominations Management

A new full-screen user interface has been introduced for managing nominations. This canvas overlay enhances the user experience by allowing stakers to generate full lists or individual nominees based on specific criteria, such as high-performance validators. This feature makes it easier for stakers to add and remove nominees and submit updated lists directly within the overlay.

Nomination Pool Performance Graphs

The Staking Dashboard 1.1 also introduces performance graphs for nomination pools, offering insights into the performance per era of the validator(s) they support. While this data takes a bit longer to sync than validator data, it is still light-client supported, ensuring that it remains reliant only on the node itself.

MetaMask Support

In a move that expands accessibility, the Staking Dashboard now supports MetaMask through the MetaMask Polkadot Snap by ChainSafe. This integration allows for seamless account importing from MetaMask, offering users more options for managing their Polkadot holdings.

Other Noteworthy Features

The upgrade includes several other notable features, such as support for nomination pool and fast unstake calls, improved visibility of free balance for bonding, and the ability to choose your preferred RPC provider for connecting to nodes. Additionally, the release includes various bug fixes, user interface enhancements, and performance improvements.

This Polkadot staking release is not just about enhancing the user experience; it also paves the way for exciting new features in future updates. As the cryptocurrency space continues to evolve, Polkadot remains committed to providing its users with cutting-edge tools and features to maximize their staking experience.

If you’re a Polkadot staker, it’s time to explore these new features and make the most of the enhanced tools for managing your nominations and optimizing your rewards. You can access the Staking Dashboard at staking.polkadot.network.

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