Staking Reporting Overview

Overview

This document is meant to provide instructions regarding the case in which a user already has staked assets on-chain (using Polkadot as an example), but now wishes to see their rewards through the Blockdaemon Staking/Reporting feature. The user may do this by entering their wallet address, downloading the transaction, and then by using Excel to more easily see their rewards.

Instead of using block explorers, Blockdaemon has created a simple way to obtain on-chain transactions for several different protocols that support different variations of Proof of Stake.

The reporting feature allows you to enter your wallet address and to obtain your on-chain transactions and rewards so that it can be output into a CSV file. 

Some ways our customers are using this feature include:

  • Seeing your rewards earned over time
  • Calculating your rewards for various tax purposes
  • Filter out transactions based on on-chain events
  • Making some amazing Excel graphs
  • Reward projections for next quarter/next year

Getting started:

 

  • Visit the reporting section

  • Add your wallet address
  • Add a label to your address to easily remember what this address is all about
    • Note: Labels are specific to you and your organization and are meant to help guide you so that you can easily remember the purpose of your address, who owns it, why it was created, etc.

  • Select your protocol from the dropdown list
  • Click “Download Transactions”

  • Open your CSV

  • DONE!

Currently supported protocols:

  • Polkadot (DOT)
  • Algorand (Algo)
  • More will be available in the coming weeks!

 

Limitations:

The purpose of this feature is to obtain transaction history for a user’s wallet, and not for network-wide transactions. Therefore, we disallow the ability to watch and report on an address for a validator. Since validators transactions contain a large part of the blockchain, this is a much more data-intensive application. However, contact our sales team and we can figure out your needs.

Helpful Definitions:

Staking – Staking, or “on-chain staking” is the catch-all phrase used to define the process of utilizing your token holdings (your stake) to bond to a validator with the purpose of obtaining on-chain rewards.

Validator – A type of node generally used solely for the purpose of verifying blocks on-chain, while minting rewards for distribution to delegates. Certain protocols may have a different naming convention, but all should follow a similar high level workflow.

White label validator – A Blockdaemon-provided validator that is commissioned for your own usage. 

Public validator – Blockdaemon’s own validator that anybody can bond to. View our marketplace for a full of offerings

Reward- The protocol’s native token distributed to qualified stakers.

Proof of Stake – A Blockchain protocol created with Proof of stake used as a consensus mechanism.

Wallet address – The address receiving the blockchain reward from staking. This is the address that has bonded to a validator.

Bonding – The process of preparing your tokens for staking.