Enhancing the staking experience in Polkadot and Kusama Ecosystems and making it simple and accessible to everyone.

By Anmol Kumar

www.anmolkumar.in

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YieldScan is a staking platform that aims to maximize staking yield while minimizing the roadblocks and problems in the traditional staking experience. The platform makes staking simple and accessible to a Crypto novice. It currently operates on Polkadot and Kusama networks which have lately been really popular in terms of their network design and interoperability features.

Showcased here is a detailed UX research and Product Specifications overhaul of the desktop-first platform *yieldscan.app.* ****All the research and explorations, insights, hypothesis, solutions, and flow screens are documented for clear and efficient communication to designers and developers. The interactive UI states have also been explored for different scenarios.

Table of Contents

Understanding

As a novice in staking myself, the first and the primary step was to understand what actually is staking, what are its benefits, and what is the entire process.

The primary two stakeholders in the entire journey are called Nominators/Delegators and Validators. If you have been involved with Polkadot and Kusama ecosystem and are aware of staking, you must be introduced to these terms. Here's a brief explanation about them:

  1. A Nominator is a person/entity who can stake his DOT or KSM coins in a validator/validator group to yield a good return and earn some profit in the process.
  2. Similarly, a validator or validator group collects funds to find themselves among the top staked (elected) entities in the ecosystem and is rewarded to produce the next block in the blockchain successfully. The validator, in turn, yields a proportional profit to all the nominators who helped him get elected. This is how Nominated Proof-of-Stake consensus is maintained in the ecosystem.

<aside> 💡 Since the network is designed in a way that a validator's (and thus nominator's) rewards are based on their ability to produce the next block successfully, the ecosystem is maintained on trust, transparency, and efficiency.

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