How to Staking Cardano (ADA)
A step by step guide
Are you ready to stake cardano?
Cardano is a proof of stake (PoS) blockchain. This means that even if you do not have the time or resources to run a stake pool, you can still delegate your ada to another pool operator and have it staked on your behalf.
To maximize rewards earned you want to choose a pool with low fees. There are two components to a pool’s fee: Variable fee and Fixed fee, We are committed to keeping the fee as low as possible, from 0% to 1% variable fee and the fixed fee of the Cardano system is 340₳ per epoch.
Staking is a process where ADA holders delegate their ADA to a staking pool. It enables ADA holders who do not have the skills or desire to run a full node to be part of the network and be rewarded proportionally based on the amount of staking that is delegated.
There is NO security risk for the user as you are not sending any funds to our pool, just delegating your account.
How to stake from Yoroi wallet?
1. Download the Yoroi Light Wallet at yoroi-wallet.com.
2. Choose your preferred browser option after clicking the download button.
3. After adding it to your browser, launch the Yoroi Wallet extension within the browser.
4. Simply follow the instructions to connect / create / restore your Cardano wallet.
5. Make sure you have ADA in your wallet. You may fund your wallet by creating an address in the "Receive" tab.
6. Go to the "Delegation List" tab, and search for "VADA".
7. Select VADA and click the "Delegate" button.
You may now go to the "Dashboard" tab to track your rewards.
How to stake from Daedalus wallet?
1. Download the Daedalus Wallet at daedaluswallet.io.
2. The first time launching the wallet, you will need to wait for Daedalus to sync with the blockchain.
3. After Daedalus finished syncing, simply follow the instructions to create / restore your wallet.
4. Make sure you have ADA in your wallet. You may fund your wallet by creating an address in the "Receive" tab.
5. Click the second button in the left panel and select the "Stake Pools" tab.
6. Search for "VADA" and click the "Delegate to this pool" button.
You may now go to the "Rewards" tab to track your rewards.
How to stake from Yoroi Wallet on Mobile?
1. Go and download the Yoroi Wallet for your device: Android or iOS
2. Launch the app and follow the instructions to connect / create / restore your Cardano wallet.
3. Once set up, You may fund your wallet by creating an address in the "Receive" tab.
4. Go to the "Dashboard" tab and click "Go to Staking Center".
5. Search for "VADA" and click the "Delegate" button.
You may now go back to the "Dashboard" tab to track your rewards.
How to stake from AdaLite Wallet?
ADALite is a wallet with hardware wallet support for select Trezor and Ledger devices.
1. Go to http://adalite.io and choose your preferred way of login.
2. Launch the Cardano app on your hardware wallet and perform the required key presses to unlock your AdaLite wallet. The Export public key prompt will be displayed twice and to be confirmed and accepted on both occasions.
3. Go to the Staking tab shown at the top.
4. In the right side of the screen, search for the pool you want to delegate.
5. Enter the Pool 🆔 : bf6a228a7928bd7cd6204bd626142d01f0d96a2648e4782abae1cbfb
6. Select Delegate and confirm on your device.
The reward process is distributed
after the delegate is done
Each epoch is 5 days, the reward will be distributed every five days.Note: If you are an delegate for the first time, you can wait 18 to 20 days for the reward to be distributed to your wallet.
We are here to support Cardano Staking
Cardano delegation is the method by which individual coin holders can delegate their ADA to staking pools and earn Cardano rewards based on the size and performance metrics of those pools.
Essentially, delegation is how the everyman “mines” Cardano (though this is technically done by the pools that earn slot leader status in each five-day epoch).
In proof of work, miners invest computing power to compete to be chosen as the leader who gets to make the next block and win a reward for doing so. By contrast, in proof of stake, the stakeholder who will form the next block is randomly selected, proportionally to the size of the stake that they have, according to the blockchain ledger.
“Proof” means having evidence that blocks of transactions are legitimate. “Stake” means the relative value held by addresses on the node. “Relative value” is all the value held by wallets on a particular node divided by total value in the system.
There have been a number of attempts by other cryptocurrencies to develop a proof of stake algorithm, although these protocols have suffered from flaws and have not been shown to be provably secure.
For a blockchain to be secure, the means of selecting a stakeholder to make a block must be truly random. An innovation of Ouroboros to produce the randomness for the leader election process is to do this by way of a secure, multiparty implementation of a coin-flipping protocol.
Cardano’s Ouroboros protocol divides up its delegation staking rewards across five-day periods called epochs. These epochs are the periods during which different stake pools compete with one another to earn slot leader designation, which lets them create and validate new blocks.
ADA rewards are disbursed after every epoch.
Yes. When you delegate your ADA to a stake pool, you will pay a nominal transaction fee (the equivalent of a few cents in US dollars).
The very first time you delegate your stake you will also pay a 2 ADA deposit which is returned to you when you undelegate your funds.