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ADA 24/7
Apr 27, 2021
In How to stake
Two Great tools for that On Telegram you can subscribe to PoolToolBot Just specifying your pool ticker you will be notified of everything happening in the pool Or you can use https://pool.pm/732edacd3adf46a33c5dcd94bcebe0b0f16b17665cb0bc8887f1fb11 Similar functionalities but more visual You will be also notified if the fees changes which might be interesting 😉
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ADA 24/7
Apr 04, 2021
In How to stake
Plug your ledger and input your password. Click manager and upgrade your Firmware Re-install Cardano ADA app. Install ADA Lite Note: If you are having problems please try to use Chrome or Firefox browser. Go to https://adalite.com. Click “Continue to AdaLite” Click “Hardware Wallet”. Make sure you have your Ledger Nano S/X connected, unlocked and you are in the Ledger Nano Cardano APP. 4. Click “Ledger Nano S/X” 5. You should see the loading screen. It will ask you to export the public key on the Ledger device. Confirm the export. You will have to confirm it twice. Note: If the screen doesn’t go away try to disconnect and reconnect your Ledger device then try this step again. Also be sure that you upgraded the Ledger firmware and Cardano APP as mentioned in the beginning of this tutorial. 6. After confirmation you should see your wallet with your current ADA balance. As this is an old (Byron) wallet you can’t directly stake with it. Therefore you must convert the balance. Click “Convert to stakable”. 7. Check everything is in order. Click “Confirm Transaction”. You should see the transaction on the Ledger Nano S/X. Check the address and confirm the transaction on the device. 8. CONGRATULATIONS you now have a stake-able wallet/address that supports delegations and a bunch of other cool features. ADA Lite — Staking, Delegation Few things to note first: There is no danger of loosing your funds, as your funds will never leave hardware wallet. You are just telling the network that you are delegating your stake to the selected pool and not sanding that pool any of your ADA. There are some parameters to consider: Cost per epoch: This is a fixed amount of ADA that the pool operator will get and will be substracted from all the rewards the pool creates. Profit margin: Is a variable reward for the pool, percentage of reward sum that will go to the pool operator. To play around with this parameters you can check the official rewards calculator If you want to consider us; our pool is www.ada247.net TICKER AD247. APP fee is just 2%. Note: Currently you can only delegate to one pool per wallet. Next type in or copy/paste the ID of the pool under Delegate stake. You should see the correct staking pool information. Click “Delegate”. Example ID pool1wvhd4nf6mar2x0zaek2te6lqkrckk9mxtjctezy878a3zprru7s
Hot to stake with Ledger live (Nano S) content media
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ADA 24/7
Mar 15, 2021
In How to stake
General FAQ Can I loose my ADA delegating to a staking pool? No. Staking is 100% safe. You are using your right to delegate to a pool which is a separate action from transferring ADA. How do I delegate to multiple stake pools? This is currently not possible. You can only delegate to one pool per wallet. Therefore you can create multiple wallets and delegate each one. Note: This feature is on the roadmap. So if you are not in a hurry it is best to wait. I have delegated my ADA, wallet. When will I get my first rewards? It takes a minimum of 15 days (3 Cardano epochs) + the time till the end of the epoch (epoch duration is 5 days). So in short it should take between 15 and 20 days. You can check https://pooltool.io/ and see top left corner for epoch “Ends” time (how much time remains in the current epoch). I am already delegating my ADA. Meanwhile I have bought some more ADA. How do I delegate it? Send your newly bought ADA to the already delegated wallet. It will automatically be delegated to the same pool to which you are already delegating. Note: It takes the same amount of time as when first delegating a wallet (for the newly sent ADA). Do I need to keep my Yoroi, Daedalus, Adalite wallet open if I am staking? No. You can close the wallet/shut down your computer and you are still staking and getting rewards. What happens if my computer breaks or I delete the Yoroi extension or my Daedalus wallet? Your funds are if you have backed up your words (phrase) with which you created the wallet. Reinstall Yoroi wallet/Daedalus wallet and initialize it with the backup words. Staking awards are not affected by this events. If you staked before you will get the rewards. Is my ADA safe on a hardware wallet? Check your hardware wallet manufacturer best practices. In general you have to have safe backup for the passphrase/words with which your hardware wallet was initialized. If you have that you are safe as no action is confirmed without your action on the physical hardware wallet. Can I use different wallets with a hardware wallet? You can open your hardware wallet in any client, Daedalus, Adalite or Yoroi. It should always display the current state of your funds and delegation. Do I loose my rewards if I switch a stake pool? No. You will get the rewards for the current epoch as the snapshot is taken at the beginning of each epoch. What is a saturated pool? Do I get a staking rewards if I delegate to a saturated pool? A saturated pool is currently a pool above ~64 million ADA. The rewards for a pool are capped so if users delegate to a saturated pool the pool will not get the rewards past that point. The pool splits the reward pot to more users, but with a capped rewards, the individual users will get less rewards. Therefore always try to delegate to unsaturated pool. What is an Epoch from staking point of view? It is a reward period for Cardano. It lasts 5 days. Also your initial delegation and redelegation is recorded at the beginning of the epoch. What is a Slot? Epoch consists of N slots. Pools get assigned Epoch slots to produce blocks of transactions. The more blocks a pool produces the more rewards for the pools’ users. The more users the more blocks a pool is assigned to produce. What is ROS, ROI, ROA? ROS means Return On Stake and has basically a similar meaning as ROI, which means Return On Investment or ROA which means Return On Ada. It is a measure of a % return in a year. Example: Pool has 5% ROS for Epoch 220. So if you stake 100 ADA this means that 5% is extrapolated through a whole year (pool would had the same return for all epochs in a year) and you would get 5 ADA in a year. Should I create my own pool? Yes if you have the system administrator skills and you can market the pool to attract users who will delegate to your pool. What is a fixed fee for a pool? Pool operator gets fixed fee for running the pool. Minimum that can be set is 340 ADA. After this variable fee is applied and the rest is distributed to the pool’s users. What is a variable fee for a pool? Pool operator gets the variable fee for running the pool. Before variable fee is applied fixed fee is substracted from the rewards. What is left is distributed to the pool’s users. Is there a website where I can find a list of all Cardano pools? Check https://adapools.org and https://pooltool.io. I have sent an ADA transaction. Where can I see it? You can check the Cardano explorer. Paste the transaction hash into the search field. https://explorer.cardano.org Cardano wallets What is Daedalus? Daedalus is the official Cardano full node wallet. You have to install it on your computer and sync the whole network which will take a couple of hours. https://daedaluswallet.io/. It is developed by IOHK. What is Yoroi wallet? Yoroi is a browser extension light wallet and a phone light wallet. https://yoroi-wallet.com/#/. It is developed by Emurgo. For phone wallet search Google playstore or Apple appstore. It also supports hardware wallets. What is Adalite wallet? Adalite a light wallet for browser https://yoroi-wallet.com/#/. It also supports hardware wallets. It is developed by Vacuumlabs. Vacuumlabs is also an official developer of Cardano hardware wallet app.
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ADA 24/7
Mar 15, 2021
In How to stake
To delegate your ADA to a stake pool, select the delegation tab: To select a stake pool, you’ll need to enter a pool ID. You can find a suitable pool and its ID from a third-party website such as PoolTool Tip: Choose a pool that is not over saturated in order to maximize rewards. (AD247 is a great choice! Our pool ID is 732edacd3adf46a33c5dcd94bcebe0b0f16b17665cb0bc8887f1fb11 ) Enter the ID of your chosen pool and select the “Next” button: Enter your spending password and select “Delegate”: You have now delegated your ADA and will begin earning rewards after the end of the current epoch and the next epoch
How to stake ADA with YOROI wallet ? content media
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ADA 24/7
Mar 11, 2021
In How to stake
Go to the Delegation Center Select the stake pools tab to choose a stake pool Select the pool you want to delegate to, Click on "Delegate to this pool ​ ​​ ​Tip: Choose a pool that is not over saturated in order to maximize rewards. (AD247 is a great choice! Our pool ticker is AD247) Few things to note first: If you want to delegate to multiple staking pools you need to create multiple (Shelley wallets) and split the balance. Then do the delegation for each wallet. There is no danger of loosing your funds, as your funds will never leave your wallet. You are just telling the network that you are delegating your stake to the selected pool and not sanding that pool any of your ADA. The cost of delegating to a pool is about ~2 ADA. There are some parameters to consider: Cost per epoch: This is a fixed amount of ADA that the pool operator will get and will be substracted from all the rewards the pool creates. Profit margin: Is a variable reward for the pool, percentage of reward sum that will go to the pool operator. To play around with this parameters you can check the official rewards calculator You can also check the website of any pool. Select the wallet you are going to delegate Confirm or change your stake pool selection Use your spending password or connect your Hardware Wallet to confirm the transaction to delegate to the selected stake pool.
How to stake ADA using Daedalus Wallet ? content media
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