DOT staking

7 Comments

1. _SpiceKing on 11. April 2023 at 11:49

   Actually a good question right on.

   
   
   
2. bones_HolyGrails on 11. April 2023 at 11:49

   Slashing is for bad actors attempting to trick the blockchain with malicious actions. You would have nothing to worry about in that regard with a CEX.

   
   
   
3. tsurutatdk on 11. April 2023 at 11:49

   Let me know what have you find out!

   
   
   
4. PeacefullyFighting on 11. April 2023 at 11:49

   Nah, been staking for a long time and never been slashed. You can look at the validators history before you select them.

   
   
   
5. UpsetPush on 11. April 2023 at 11:49

   So for the never heard of it folks like me. What is slashing.

   
   
   
6. anythingapplicable on 11. April 2023 at 11:49

   If you’re talking about locked earnings on binance about DOT, then no, your funds won’t be at risk from slashing because you’re not technically “staking”. You’re just locking your coins with binance and they will just pay you interest over that period of time.

   However, if you are staking DOT natively on the DOT blockchain, then yes, you might experience slashing if the validator is acting maliciously.

   
   
   
7. BinanceCSHelp on 11. April 2023 at 11:49

   Hi Binancian, how are you?

   Thank you for contacting us today, we’ll be more than happy in support you!

   To help combat some of these risks, such as slashing, Binance staking offers some protections to users. However, there will always be risks associated with any form of staking, even through Binance. Binance Staking takes on all slashing risks for users. This promise means that the same amount of tokens that a user staked will be returned to them. However, the fiat value of the staked tokens may fluctuate, and you may have no recourse for any losses.

   Binance Staking can reduce some of these risks and will return the number of tokens staked by a user that would otherwise be lost through slashing 🙂

   You can check more about it here in our official article: [https://www.binance.com/en/blog/earn/understand-the-benefits-and-risks-associated-with-binance-staking-421499824684903893](https://www.binance.com/en/blog/earn/understand-the-benefits-and-risks-associated-with-binance-staking-421499824684903893)

   Please, if you need further assistance, feel free to contact our live chat support trough this link: [binance.com/en/chat](https://binance.com/en/chat) and we’ll assign an agent to support you as soon as possible!

   Thank you, DO!