Moonbeam is happy to announce the activation of an oft-requested native auto-compounding option for staking rewards on Moonriver and Moonbeam with the passing of Runtime 1901 upgrade proposal.
Assuming the democracy proposal is passed, the auto-compounding capability will be located in the staking dapp and allows you to :
- Add your staking rewards back to your delegation automatically.
- Decide what percentage of staking rewards you would like re-delegated using the sliding bar under the delegation.
- Tailor this function to your own needs when making a new delegation, or adjust it for existing delegations with one click.
Percentages are set to a default of 100% ready for your adjustment.
A more detailed technical description for this feature may be found in the Github pull request [Adds ParachainStaking auto-compound feature by nbaztec · Pull Request #1828 · PureStake/moonbeam ], as well as a thorough changelog of the planned updates [Release Runtime 1900 · PureStake/moonbeam ].
If you would like to provide feedback or thoughts on this feature, please do so directly in the comments section of this article or here.