Bison Trails offers multiple ways for DOT holders to earn participatory rewards on Polkadot. Because of Polkadot’s equitable distribution of rewards, large-scale DOT holders can distribute their stake to delegate and/or run multiple validators—their own or Bison Trails’ or both—to optimize their participation.
“Bison Trails offers a unique way for large-scale DOT holders to optimize Polkadot participation. Bison Trails’ managed controllers can nominate your own Polkadot validators and fall back to a Bison Trails staking-as-a-service node in the event that you don’t have enough DOTs to run your own validator in a given epoch. This relieves one of the most challenging parts of managing your Polkadot nominations and is a huge benefit for easily optimizing your participation on Polkadot.” —Aaron Henshaw, Co-founder and CTO of Bison Trails
Learn more in our guide to Polkadot’s Token Economcis.
A controller is a 1-to-1 proxy for your stash (where your tokens live). It acts on behalf of the DOTs in your stash to nominate validators and participate in consensus, without being able to access your funds. Using a controller allows you to participate in staking and securing the network without accessing the stash account that controls the custody and movement of your funds.
Setting your stash as the controller is risky and not advisable. Controllers on Polkadot allow you to manage your nominations while keeping your stash account offline. Using a Bison Trails managed controller provides those benefits of additional security with additional ease of use, while still ensuring you maintain full custody of your assets.
Managing a Polkadot controller yourself is time-consuming and difficult; it requires you to take frequent actions to properly maintain, distribute, and manage your participation. If done incorrectly, self-management puts your funds at risk of slashing due to the liveness requirements of the Polkadot protocol. Specifically, during times of severe network instability, it is prudent to take stake offline to avoid downtime slashings from validator downtime (e.g. the slashing events on Kusama).
A dedicated Bison Trails managed controller is non-custodial and helps optimize your Polkadot participation. It provides you with two options that are unique to working with Bison Trails:
1. Run Your Own Polkadot Validators
Automatically scale validators and distribute DOTs in your stash to increase your presence in the elected validator set. Fall back to the Bison Trails active Polkadot validators if you don’t have enough DOTs to run your own validator because of changing network conditions.
2. Easy Nomination Management for a Staking Only Approach
Running your own validator is not for everyone. Even if you don’t run your own validator, when staking with Polkadot you will still have to monitor validators you are nominating, to make sure your DOTs remain in the active set. Bison Trails’ managed controllers provide a service to remove this burden, without ever taking custody of your DOTs. You can provide a list of public validators you would like us to optimize for, or just choose Bison Trails’ public validators. We take care of the rest, to optimize your DOT participation.
Contact us today to set up your managed controller.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 22 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 30 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.
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