SubWallet - Polkadot Wallet
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  • Introduction
  • 📴Mobile App - User Guide
    • Getting started
      • Install the SubWallet mobile app
      • Create your master password
      • Customize language display
      • Customize currency display
    • Account security
      • Manage master password
        • Change master password
        • Forgot master password
      • Enable biometric authorization
      • Lock & unlock wallet
    • Account management
      • Understand account types
      • Create a new account with new seed phrase
      • Derive a new account from an existing account
      • Switch between accounts and change account name
      • Import accounts
        • Import from seed phrase
        • Import from JSON file
        • Import from private key
        • Import by QR code
      • Attach a watch-only account
      • Export & backup accounts
    • Cold wallet management
      • Attach Polkadot Vault (prev. Parity-Signer) accounts
        • Add networks to Polkadot Vault
        • Update network metadata
        • Attach account
      • Connect Keystone devices
    • Asset & address management
      • View token balances
      • Show/hide balances
      • Manage address book
      • Customize your assets
        • Enable/disable tokens
        • Import & manage customized tokens
        • Import NFTs
    • Receive & transfer assets
      • Receive tokens & NFTs
      • Transfer tokens
        • Understand existential deposit
        • Single-chain transfer
        • Cross-chain transfer
        • Transfer tokens via bridges
      • Transfer NFT
      • View transaction history
    • Buy crypto from fiat money
    • Swap tokens
      • Single-chain swap
      • Cross-chain swap
    • Earning
      • Nomination pool
        • Start staking
        • Stake more
        • Claim staking rewards
        • Unstake
        • Withdraw unstaked funds
      • Direct nomination
        • Start staking
        • Stake more
        • Unstake
        • Cancel a previous unstaking action
        • Withdraw unstaked funds
      • Parachain (Collator) staking
        • Start staking
        • Stake more
        • Unstake
        • Cancel a previous unstaking action
        • Withdraw unstaked funds
      • Liquid staking
        • Start staking
        • Unstake & redeem funds
    • Connect dApps & manage website access
      • Connect/disconnect dApp via WalletConnect
      • Sign transactions from dApp
      • Add new networks unavailable in pre-defined list from dApp
    • View transaction history
    • Network management
      • Customize your networks
        • Enable/disable networks
        • Import custom networks
        • Manage custom networks
      • Customize endpoint/provider
    • Mission Pools
    • View crowdloans
    • FAQs
  • 🧩Extension - User guide
    • Getting started
      • Install SubWallet
      • Create a master password
      • Customize language display
      • Customize currency display
      • Manage in-app notifications
    • Account security
      • Manage master password
        • Change master password
        • Forgot master password
      • Lock & unlock wallet
      • Advanced phishing detection
    • Account management
      • Understand account types
      • Create a new account with a new seed phrase
      • Derive a new account from an existing account
      • Switch between accounts and change account name
      • Import accounts
        • Import from seed phrase
        • Import from JSON file
        • Import from private key
        • Import by QR code
      • Migrate solo accounts to unified accounts
      • Attach a watch-only account
      • Export & backup accounts
    • Cold wallet management
      • Connect Ledger devices
        • Connect via network-specific apps
        • Connect via EVM apps
        • Connect via the Polkadot app
        • Connect via the Polkadot Migration app
      • Attach Polkadot Vault (prev. Parity Signer) accounts
        • Add networks in Polkadot Vault
        • Update network metadata
        • Attach an account
      • Connect Keystone devices
    • Asset & address management
      • View token balances
      • Show/Hide balances
      • Manage address book
      • Customize your assets
        • Enable/disable tokens
        • Import & manage customized tokens
        • Import NFTs
    • Receive & transfer assets
      • Receive tokens & NFTs
      • Transfer tokens
        • Understand existential deposit
        • Single-chain transfer
        • Cross-chain transfer
        • Transfer tokens via bridges
      • Transfer NFT
      • View transaction history
    • Buy crypto from fiat money
    • Swap tokens
      • Single-chain swap
      • Cross-chain swap
    • Earning
      • Nomination pool
        • Start staking
        • Stake more
        • Claim staking rewards
        • Unstake
        • Withdraw unstaked funds
      • Direct nomination
        • Start staking
        • Stake more
        • Unstake
        • Cancel a previous unstaking action
        • Withdraw unstaked funds
      • Parachain (Collator) staking
        • Start staking
        • Stake more
        • Claim staking rewards
        • Unstake
        • Cancel a previous unstaking action
        • Withdraw unstaked funds
      • Liquid staking
        • Start staking
        • Unstake & redeem funds
      • Subnet staking (dTAO staking)
        • Start staking
        • Stake more
        • Unstake & redeem TAO
    • Connect dApps & manage website access
      • Connect/disconnect dApp via WalletConnect
      • Sign transactions from dApp
      • Add new networks unavailable in pre-defined list from dApp
    • Network management
      • Customize your networks
        • Enable/disable networks
        • Import custom networks
        • Manage custom networks
      • Customize endpoint/provider
    • Mission Pools
    • View crowdloans
    • FAQs
  • 📋Web Dashboard - User guide
    • Getting started
      • Lock and unlock your wallet
        • Change auto-lock time
      • Create a password
        • Change password
        • Forgot password
      • Customize currency display
    • Account management
      • Connect extension
      • Create a new account
      • Derive a new account from an existing account
      • Switch between accounts and change account name
      • Import an account
      • Attach a watch-only account
      • Export & backup an account
    • Cold wallet management
      • Connect Ledger devices
      • Connect Keystone devices
    • Receive & transfer assets
      • Receive tokens and NFTs
      • Transfer tokens
        • Single-chain transfer
        • Cross-chain transfer
      • Transfer NFTs
      • Transfer assets using domain name
        • Transfer tokens using domain name
        • Transfer NFTs using domain name
    • Buy crypto from fiat money
    • Manage dApp list and connect WalletConnect
      • Manage dApp list
      • Connect dApp with WalletConnect
    • Mission Pools
    • Import & manage customized assets
      • Import & manage customized tokens
        • Import new tokens unavailable in pre-defined list from dApp
      • Import NFTs
        • Remove NFT collectible
    • Manage address book
    • View transaction history
    • Customize your networks
    • Customize endpoint/provider
    • Earning
      • FAQs
      • Earning calculator
      • Earning information
      • Polkadot nomination pool
        • Start staking
        • Unstake
        • Claim staking rewards
      • Acala liquid staking
        • Start staking
        • Withdraw unstaked funds
      • Parallel liquid staking
        • Start staking
        • Withdraw unstaked funds
      • Bifrost liquid staking
        • Start staking
        • Withdraw unstaked funds
  • 🛡️Privacy & security
    • Basic Safety
    • Security
    • Protect Yourself from Scam
    • Terms of Use
  • 🔌Integration
    • Supported Network
    • DApp Integrations
    • Integration Instructions
  • 🍜Maintain
    • Change Log
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  1. Web Dashboard - User guide
  2. Earning
  3. Parallel liquid staking

Start staking

This document will show you how to start staking (also known as bonding) for Parallel liquid staking on SubWallet web dashboard.

Last updated 1 year ago

If you are in "All account" mode

Step 1: Open SubWallet web dashboard and choose the Earning tab on the sidebar.

Step 2: In the Earning section, you will see a list of available protocols.

Since you want to stake for Parallel liquid staking, click on the "Stake now" button of the Parallel Liquid Staking protocol.

If you have previously staked for certain protocols, when you choose the Earning tab on the sidebar, the screen will be displayed in the following manner. Don't worry, just simply click on the "+" icon or "Add more fund" button to access the same screen as the picture above.

Step 3: At this step, you will be directed to the Earn screen.

To begin the process, please enter the required staking information.

Then please click "Submit" to continue.

When selecting the stake amount, ensure that the remaining balance (after deducting the stake amount and fee) meets or exceeds the Existential Deposit (ED) requirement.

In the right corner of the screen, the system will display the step-by-step process for completing the stake, which you need to follow to successfully finish the process.

From this step, two scenarios can occur.

If you already have enough DOT on Parallel network

In this case, you can skip to Step 5 to continue the process and there are not any additional steps.

If you do not have/ do not have enough DOT on Parallel network

Then you will have to do one more step to XCM (cross-transfer) DOT from Polkadot to Parallel network.

Step 4: A pop-up window will appear. Check the information carefully and then click "Approve" to proceed.

Please note that you need to pay the XCM transaction fee in DOT.

Step 5: You have successfully transferred your DOT from Polkadot to Parallel!

Now choose "Continue" to mint your sDOT.

Step 6: Click on the "Approve" button below to proceed

Please note that you can pay the minting transaction fee in PARA. Therefore, make sure that you have enough PARA balance to cover the transaction fee.

Step 7: The result is in!

You can click "View transaction" to see the transaction details.

If you are in "Single account" mode.

In "Single account" mode, most steps are identical to "All account" mode. The only difference is that in step 2 you would not have to select the account.

The screen would be as the following image:

To view more information related to staking such as reward distribution, minimum active stake, minimum redeem, APY,... you can follow this.

Additionally, make sure your stake amount meets or exceeds the minimum active stake level. Find minimum active stake information.

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