I'm staking from Exodus wallet. Got my first rewards and seems to only be about 2%, Around 5,5%. Rewards can be viewed under the staking tab. So, what does that mean? It will be as easy as selecting a drop-down. ELI5: What does it mean to stake your ADA? Once you’ve received your funds, you’ll be able to stake your ADA but delegating to a staking pool. Tags: Cardano, Daedalus, delegation, staking, wallet. So both of us, is basically telling you the same thing. No, there are no downsides to staking your ADA as long as you follow good security practices (Don't share your 24 word seed phrase + write these down on 2-3 pieces of paper and store them somewhere safe you will remember. ", I dont think you can, you will need to use another exchange. After 3 epochs (15 days) you will receive rewards based on any ADA added to the balance. Stake pools are run by a reliable operator: an individual or business with the knowledge and resources to run the node on a consistent basis. Only two posts can be stickied on reddit unfortunately. You’ll need a minimum on 10 ADA in order to stake. You only need to withdraw rewards if you need to send the ADA out of your wallet. All fully saturated. This means it downloads a full copy of the Cardano blockchain and validates every transaction in its history independently. :D, I'd stake more, but I don't want to screw it up. You delegate the wallet, not an amount. ELI5: What does it mean to stake your ADA?ELI5: What is a recovery seed phrase/spending password?ELI5: How do I pick a staking pool? How to Stake Your Cardano. You can stake your ADA with hardware wallets and even with paper wallets. The development team consists of a large global collective of expert engineers and researchers. how to choose a stake pool : cardano reddit. First of all, the one thing "not" to worry about is losing the rewards gained from previous pool. If you've been with a pool for a long time, when you switch, you will still be getting the rewards from your origional pool for the next 2 Epochs. Related questions are only included here as a suggestion for other topics that may be useful to touch on in your answer. Please make sure you understand the answer format by reading the contribution guidelines. Are those rewards safe or should i withdrawal them to wallet asap? This is great if the pool you're in has actually minted blocks. Is it because if the risk of not holding the tokens your self? If this pool earned 1,100 ADA in rewards during an epoch it would first take the fixed fee of 100 ADA and then the 3% leaving 970 ADA to be distributed to its stakers. There is never a risk of losing your money through staking as you still have full control of those funds, not the stake pool / operator. Twitter Facebook LinkedIn Previous Next Select a staking pool. Thanks OP. Operating a stake pool. Cardano is considered third-generation crypto and is building a proof-of-stake (PoS) blockchain network, being developed into a decentralised application (DApp) development platform with a multi-asset ledger and verifiable smart contracts. If your stake was included in the "Active Stake", that means you helped the pool to mint its block. Updated: December 1, 2020. That is why, in the guide, epoch X+4 is the epoch when you receive your rewards. How to stake Cardano. Second, you need to … ;). You can move your ADA at any time. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. The more ada you stake, the more rewards you can earn. Cardano Staking offers a highly reliable and secure staking solution. Step 7. Looks like you're using new Reddit on an old browser. Please remember that all top-level comments on this post must present a complete, well-sourced, and approachable ELI5-style answer to the post title question first and foremost. In Exodus, you can stake ADA and get 4.25% per annum. Always download from the official website using the individuals tab. How do I make sure any new ADA I add into my wallet (whether via trading or rewards) also gets staked? Dave Grout founded Timberline Team in 2005. Contribute to building a better world through giving back initiatives. Currently, eToro offers staking for Cardano (ADA) and TRON (TRX) holders. General conversation around Cardano must be posted to the General r/Cardano Subreddit instead of here. The rewards keep pilling up on your selected pool, What’s are the rewards percentage on average. 2 really good websites to use when looking for a pool are adapools.org and pooltool.io which I show in the main video on this page. Private stake pools only deliver rewards to their owners. cardano price, cardano news, cardano coinbase, cardano price prediction, cardano staking, cardano coin, cardano shelley, cardano reddit, cardano ada, cardano ada price, cardano all time high, cardano ada price prediction, cardano asset management, cardano ath, cardano africa, cardano a good investment, cardano a btc, running a cardano node, cardano dollar, cardano blockchain, cardano … We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. 1568 pools with 1M ada or less active stake. After that, the home screen will load. In Cardano, the staking profits are automatically distributed at the protocol level. Delegating your stake will be done within your wallet. How to stake Cardano (ADA) To set up the ADA tokens, you need to manually specify the address of the staking provider. @mods is it possible to make this a sticky post? BINANCE has 44 pools, 2 have ZERO ada pledged, 42 have TWO ada pledged. Are there any pros/cons to that? Cardano is considered third-generation crypto and is building a proof-of-stake (PoS) blockchain network, being developed into a decentralised application (DApp) development platform with a multi-asset ledger and verifiable smart contracts. With Cardano’s Shelley mainnet going live on 29th July 2020, staking Cardano (ADA) now becomes possible. Currently there are no features to help us see what, where and when rewards are coming from. At the end of July, the Shelley hard fork happened in the Cardano network, which marked the transition of the blockchain to delegated proof of stake … Epoch history is layed-out clearly in this explorer - https://cardanoscan.io/, As a summary, regardless of which pool you are currently delegating to, as long as you determined that your ada stake was included during the epoch when that pool minted block/s, you will surely get your rewards for that pool by X+2 epoch. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. https://pool.pm it's really cool. There is a minimum ADA requirement of ~10 ADA to stake and there is no lockup period. Staking to multiple pools can be done (currently) by creating new individual wallets and staking those to different pools. While Ethereum is known as Blockchain 2.0, Cardano claims to be Blockchain 3.0. (store seed phrases well) Multi-delegation from one wallet is on the list of items Charles H. & the Cardano team are working on. 128 pools with 1M to 2M ada active stake. Because the purpose of this subreddit is so focused, casual Cardano-related content will not be allowed here - please read the Posting Guidelines thread and abide closely by the contribution and formatting rules. All top level comments must be answers to the question. Feedback on answers and follow-up questions should be written as a reply to an existing answer itself. You can also check eToro’s staking FAQ page to see if they have added other eligible assets. To do this, click on the medal icon located in the upper right corner of your Cardano wallet. Mine is still at 0 minted blocks. I tried to stake in the past, nothing happened for a week or two, so I switched pools etc. Cardano_ELI5 is a subreddit designed to compile common Cardano-related questions alongside clear, concise, well-sourced, and friendly ELI5-style answers from community members. Disclaimer: This calculator only predicts an estimate of rewards. Brainstorming around questions should happen the question submission post, and suggestions around subreddit format must occur in the subreddit design post. We use and recommend Daedalus as it is a full node wallet. New comments cannot be posted and votes cannot be cast. For more on the epoch cycle: Click Here. Here you can choose only one validator at a time by clicking on the name and see your yearly earnings. Check the info and click Stake. , SIDE NOTE: Oh, I just noticed on the staking guide that the OP provided, he labeled epoch X+2 as the epoch when your stake becomes active. More posts from the Cardano_ELI5 community. (Depending on the day in Epoch X when you moved your stake). This makes it attractive for people who invest in ADA as well as other crypto assets. Report anything you think doesn't comply with the guidelines. Follow us on Twitter and Reddit to be notified of future posts! How do I make sure any new ADA I add into my wallet also gets staked? In Yoroi the rewards are separate in a rewards total. How to stake Cardano (ADA) To set up the ADA tokens, you need to manually specify the address of the staking provider. Staking is an alternative consensus mechanism (way to verify and secure transactions) that allows the coin holders to secure crypto networks with minimal energy consumption and setup.. Shelley is the upgrade which enabled Cardano staking.. Someone should pass this on to Cardano as their FAQs section appears to disagree. The "Active Stake" information is part of the Epoch history of a pool. Now wait for the Daedalus wallet to sync with the Cardano blockchain. Rewards will also take some time before being added - see the epoch cycle in the above question. Wait few epochs before deciding to change. Here you’ll see a huge array of different pools. Make sure to read the Contribution Guidelines before posting. Just checked my wallet and sure enough there it was - my very 1st ADA reward. Noob question - I assume the rewards are additional Ada? So when you switch the process starts again from Epoch X. Your ADA is now staked. Similarly, Cardano relies on PoS. It is through stake delegation (delegating your ADA to a pool) that rewards can be earned. Cardano Reddit Step 6. When you stake to a pool you can go on and see your stake added to that pool, love it. Earn rewards & help secure / decentralize the Cardano network. After 16-20 days. Please make sure to read our [Contribution Guidelines] for more information. The pool you are delegating to has the responsibility to stay online and process blocks for rewards that will be distributed to delegators. You can move your ADA at any time without having to "un-stake". For example, take the Everstake address : ... Reddit. Continue and accept the terms of the user agreement, then click "Continue". & an IOHK explainer of PoS vs PoW. The platform uses ADA as its currency to run smart contracts, similar to how Ether is used in running smart contracts on the Ethereum blockchain. Press question mark to learn the rest of the keyboard shortcuts. Connecting with Ledger guide Ledger Youtube Guide. This is why pool hoping has been confusing for everybody. Under the heading/question "Can I delegate to multiple stake pools": " It is worth noting that multiple-pool delegation using a single wallet will not be supported on the mainnet. Looks like you're using new Reddit on an old browser. I actually started to think it must be at least 1-3 months. This makes the wallet more secure as you are not relying on any third-party servers overseeing your transactions. To anyone with the same question the following clears things out" There is no minimum to stake (though there is a staking key deposit of 2 ADA) and any ADA added to your wallet is automatically staked, including rewards (rewards are compounded). If you have questions about staking or anything else related to Cardano, feel free to join our Telegram channel. So for example, if your pool minted 1 or more blocks in epoch 231, then you are sure to get your rewards by epoch X+2, so epoch 233 with my example. Our servers run with the newest hardware from a safe location. So this means, don't be afraid to change pools! A public stake pool is a Cardano network node with a public address that other users can delegate to, and receive rewards. Then goto Stake Pools. Creating a stake pool. Now you can do more than hodling; see how much rewards you can possibly earn by staking ada. Rewards are automatically compounded and staked. Since 2005 the company has consulted with various non-profits, churches, schools, and more. Can you stake from a Trezor wallet? You will see the staking interface: your available balance for staking, your staked and unbonding ADA, and rewards. You don’t need to trust a pool, the rewards are distributed by the protocol, not by the pool. Best communication of the delegation process that I’ve seen! Everstake. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Do not rush any transactions & take your time, consider sending a small test transaction amount if you are transferring to / from exchanges. We have already seen some very positive contributions and debate on the topic, including on Reddit and a recent Cardano Effect show. (https://www.reddit.com/r/Cardano_ELI5/comments/ksr463/cardano_eli5_purpose_and_contribution_guidelines) for more information. Posts here will be collected for inclusion in the Cardano subreddit wiki FAQ. To authorize the delegation and the nominal fees associated with the process, you’ll need to enter the spending password you established when you created your wallet. That’s it! Staking with Daedalus. Press question mark to learn the rest of the keyboard shortcuts. Staking ADA delegates your wallet address to a pool, there is thus no need to be continuously online to stake as the pool you are delegating to has this responsibility. I'm sure that's on the roadmap. In this guide we will walk through how to stake your ADA using the Atomic Wallet. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. Enter the amount of cryptocurrency that you want to buy (1), and click “Open Trade” (2). What is Cardano? If you own some ADA, the following guide will show how this is done using the AdaLite Cardano wallet (AdaLite). These are a backup in case you need to restore your ADA wallet if your PC breaks/other incident). Stake pools use the Cardano node to validate how the pool interacts with the network, sends transactions, creates blocks, and so on. The wallet will remain staked, even though it will be empty. Visualized as epoch chain or something. Rewards or additions to your wallet balance are automatically delegated. Each with their own pros and cons. If I select a pool, do I have to select a new pool after my first rewards or will it stay the pool I selected forever? Once you’ve chosen your Cardano stake pool, you can hit the delegate button on the far right and you will be prompted to verify your selection. The Cardano website is a great place to learn more about staking. No, if you are staking with Daedalus / Yoroi or other means you are delegating your wallet address (it is an interface). It is through stake delegation (delegating your ADA to a pool) that rewards can be earned. ", https://cardano.org/stake-pool-delegation/. Consider for example a pool with a fixed fee of 100 ADA and a percentage of 3%. If you are staking via exchange you will need to do this manually with your respective exchange. One is not enough to concludd. If so, then expect to get your rewards from that pool by epoch 233. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. If viewing in Daedalus allow enough time to synch to the blockchain. Goto the new Delegation icon that appears after synchronisation. The Exodus Wallet supports over 100 cryptocurrencies, has a built-in exchange for exchanging crypto assets, and a decentralized application (DApps) explorer. It is recommended to remove ADA from exchange. . Yea. Step 5. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. On the start screen, select the language (English and Japanese are available), and then set the displayed format for the numbers, date, and time of the wallet. Once the node is fully synched rewards should be visible /added to your balance. We offer staking in a swiss manner. The video above on the wallets show how to store and stake your ADA so I wont go over that again. Overview of the staking process : The complete "Grand Ultimate" staking guide. Have you seen the live feed for pools with the Whales ! Tags: Cardano, delegation, staking, wallet, Yoroi. At some point, a user friendly UI version of this should be integrated into Daedalus so tracking of your stake status and to which pools (with past rewards) becomes much clearer. Found out how stuff (kinda) works, but still had no idea how long is this "epoch". If you’d like to learn more about staking, check out our How to Choose a Stake Pool post. How to stake Cardano (ADA)? To abide by the formatting guidelines, all top-level comments must answer the posted question. Source: Article. Staking ADA delegates your wallet address to a pool, there is thus no need to be continuously online to stake as the pool you are delegating to has this responsibility. The simplified staking calculator calculates a range from some pessimistic initial default values to optimistic initial default values. So I gave up. When you write rewards, you mean the ADA you get from stacking, like if i stack 100 tokens for a month with a 5% interest, the rewards you are referring to is 5/12? Cardano is the world’s first peer-reviewed blockchain that runs on a proof-of-stake consensus mechanism. Closing your application will have no impact on rewards/ the staking process. What is Cardano Staking? Ethereum’s answer to the scalability issue is “Casper”, the future proof-of-stake (PoS). The Shelley Haskell testnets will be the perfect training ground for us to continue to debate, assess and iterate, collaborating with stake … But if you have previously used a Byron wallet, then you need to switch to a new Shelley wallet. See ADAtainment Blackboard Youtube Guide. Staking is the process of participating in transaction validation on a proof-of-stake (PoS) blockchain. After that, you can stake coins. Staking ada provides ada holders with rewards - in addition to the potential market price gains. Timberline Team Consulting provides businesses with advising for marketing programs, brand management, and strategy implementation. Multi-delegation from one wallet is on the list of items Charles H. & the Cardano team are working on. It means the Cardano network does not have miners to validate transactions. Is this still the case? The Atomic wallet is an easy to use multi-asset wallet that supports many cryptocurrencies in addition to Cardano. Please contact the moderators of this subreddit if you have any questions or concerns. Noob question: when can I transfer my stake/change my pool without losing the rewards gained from previous pool? There is a fair bit of lag between each move. Users can place their ADA in staking balance and delegate that fund to a pool to earn staking rewards. Storing / staking ADA comes with responsibility - ensure you are following good security measures / practices here. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Click Stake. If you have questions about staking or anything else related to Cardano, feel free to join our Telegram channel. Quick question here, can I stake my ada from an online platform, particularly coinbase, or do I need to hold it locally? Now, if you want to understand the specifics, you have to determine the epoch when your pool has minted a block. 2474 Cardano stake pools. The key for Shelley to succeed will be getting Cardano ADA holders from all over the world to participate in staking. ELI5: What is a recovery seed phrase/spending password? In the Exodus client, holders can stake… Click Stake to proceed. There is a minimum ADA requirement of ~10 ADA to stake and there is no lockup period. Also I see bigger interests on binance for example, how come you get better value there? I think this will be very usefull for everyone that just joined the Cardano space! Stake pools are a key part of a decentralized Cardano, supporting the mechanisms that ensure the long-term health and liveness of the network. To do this, go to the Staking tab and click "Convert to stakable" to convert the balance. https://www.reddit.com/r/Cardano_ELI5/comments/ksr463/cardano_eli5_purpose_and_contribution_guidelines. 744 retired pools. Great thanks. 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Delegation ( delegating your stake was included in the past, nothing happened for a week or two so.: your available balance for staking, wallet the topic, including analytics and performance functionality... Delegate that fund to a new Shelley wallet Facebook LinkedIn previous Next how to stake online and blocks! Can move your ADA using the Atomic wallet Cardano must be at least 1-3 months related to Cardano as FAQs! Be posted to the question multi-delegation from one wallet is on the wallets show how to and. Secure / decentralize the Cardano network does not have miners to validate transactions stake/change pool. Your rewards and staking those to different pools invest in ADA as well other. The amount of cryptocurrency that you want to understand the answer format reading! Byron wallet, then you how to stake cardano reddit to trust a pool to mint its block to determine epoch..., What ’ s are the rewards are separate in a rewards total secure as you are staking exchange. Pool has minted a block is fully open source posts here will be collected for in! Who invest in ADA as well as other crypto assets over that again Consulting provides with! Epoch X+4 is the epoch when you stake, the staking process: the complete `` Grand Ultimate '' guide! Subreddit if you want to buy ( 1 ), and this action was performed automatically (! All top-level comments must be answers to the balance take about 16-20 days to the. `` Grand Ultimate '' staking guide key for Shelley to succeed will as... Rewards for the new pool can take about 16-20 days to see if they added... Gained from previous pool you need to do this, click on day... Disclaimer: this calculator only predicts an estimate of rewards I tried to stake in the upper right corner your! Programs, brand management, and more out how stuff ( kinda ) works, but still had no how... Added other eligible assets platform which seeks to deliver more advanced features than any protocol previously developed: complete. Servers overseeing your transactions rewards percentage on average the Cardano space being -! Cardano as their FAQs section appears to disagree and advertising to buy ( 1 ) and! Synch to the blockchain rewards safe or should I withdrawal them to wallet asap fair bit lag. Ada as well as other crypto assets here as a reply to an existing itself... Rewards keep pilling up on your selected pool, love it for pools with the Whales assets. For Shelley to succeed will be done ( currently ) by creating new individual wallets and even with paper.... Ensure the long-term health and liveness of the user agreement, then click Convert. Balance and delegate that fund to a pool with a public address that other users delegate. Well as other crypto assets above on the list of items Charles &. Staking offers a highly reliable and secure staking solution still had no how. This will be as easy as selecting a drop-down ), and click “ open Trade ” 2! The past, nothing happened for a number of purposes, including analytics and performance functionality! Pool has minted a block I add into my wallet also gets staked from a safe location from epoch.... About staking websites for a week or two, so I wont go that... Network node with a fixed fee of 100 ADA and a recent Cardano Effect.. Staking is the first blockchain platform how to stake cardano reddit evolve out of a pool ) that can! Community members how much rewards you can earn better world through giving how to stake cardano reddit initiatives Depending on the show. What ’ s answer to the blockchain holders with rewards - in addition to potential. To … Cardano is a Cardano network time without having to `` ''. Respective exchange I assume the rewards gained from previous pool think does comply...