Summary: Nomination pools are now available on Cere, allowing members to pool their funds together and act as a single nominator. This guide covers the benefits, how to join and exit a pool, how to claim rewards, withdraw unbonded funds, and the limitations of nomination pools.

Nomination Pools

Benefits of a Nomination Pool

Nomination pools in Cere are designed to offer several advantages:

• No staking minimum required.
• No need for both a stash and controller account.
• Ability to earn rewards with as low as 1 CERE.
• More control over rewards.
• The pool nominator selects validators on your behalf.
• Selected validators can attract more staking input.

Important: Participation in a pool is only possible with your transferable balance, and the amount is transferred to the nomination pool's account.

Good to Know: The funds nominated to a pool will not be visible in the member's account balance on Cere Explorer. They are managed solely by the protocol's logic, and the owner can withdraw them at any time.

How to Join a Pool

Joining a nomination pool can be done through the staking dashboard or the Cere Explorer. Here's how to do it using the latter:

1. Navigate to the Pool: Go to the Network > Staking > Pools page on the Cere Explorer and select the "+ Join" button next to the desired pool.
2. Enter Contribution Value: Input the value you wish to contribute to the pool.
3. Sign and Submit Transaction: Consider transaction fees and sign and submit the transaction.

Attention: Choose your nomination pool wisely, and be aware of the unbonding process and pool's commission.

Attention: If joining a pool with funds that are staking directly, the normal unbonding period still applies.

How to Exit a Pool