What is Cardano? , 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. We use and recommend Daedalus as it is a full node wallet. This makes the wallet more secure as you are not relying on any third-party servers overseeing your transactions. To do this, go to the Staking tab and click "Convert to stakable" to convert the balance. Stake pools use the Cardano node to validate how the pool interacts with the network, sends transactions, creates blocks, and so on. Looks like you're using new Reddit on an old browser. Multi-delegation from one wallet is on the list of items Charles H. & the Cardano team are working on. Rewards will also take some time before being added - see the epoch cycle in the above question. If you’d like to learn more about staking, check out our How to Choose a Stake Pool post. Visualized as epoch chain or something. & an IOHK explainer of PoS vs PoW. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. How do I make sure any new ADA I add into my wallet also gets staked? It is through stake delegation (delegating your ADA to a pool) that rewards can be earned. What is Cardano Staking? In this guide we will walk through how to stake your ADA using the Atomic Wallet. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. 744 retired pools. For example, take the Everstake address : ... Reddit. I actually started to think it must be at least 1-3 months. https://pool.pm it's really cool. All top level comments must be answers to the question. In the Exodus client, holders can stake… In Yoroi the rewards are separate in a rewards total. For more on the epoch cycle: Click Here. With Cardano’s Shelley mainnet going live on 29th July 2020, staking Cardano (ADA) now becomes possible. Timberline Team Consulting provides businesses with advising for marketing programs, brand management, and strategy implementation. The Shelley Haskell testnets will be the perfect training ground for us to continue to debate, assess and iterate, collaborating with stake … Please make sure to read our [Contribution Guidelines] for more information. how to choose a stake pool : cardano reddit. If you own some ADA, the following guide will show how this is done using the AdaLite Cardano wallet (AdaLite). Yea. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. You delegate the wallet, not an amount. There is a fair bit of lag between each move. Click Stake. How to stake Cardano (ADA) To set up the ADA tokens, you need to manually specify the address of the staking provider. Overview of the staking process : The complete "Grand Ultimate" staking guide. https://www.reddit.com/r/Cardano_ELI5/comments/ksr463/cardano_eli5_purpose_and_contribution_guidelines. Enter the amount of cryptocurrency that you want to buy (1), and click “Open Trade” (2). ELI5: What is a recovery seed phrase/spending password? These are a backup in case you need to restore your ADA wallet if your PC breaks/other incident). Found out how stuff (kinda) works, but still had no idea how long is this "epoch". New comments cannot be posted and votes cannot be cast. The pool you are delegating to has the responsibility to stay online and process blocks for rewards that will be distributed to delegators. The "Active Stake" information is part of the Epoch history of a pool. To do this, click on the medal icon located in the upper right corner of your Cardano wallet. (https://www.reddit.com/r/Cardano_ELI5/comments/ksr463/cardano_eli5_purpose_and_contribution_guidelines) for more information. 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. Disclaimer: This calculator only predicts an estimate of rewards. Press question mark to learn the rest of the keyboard shortcuts. Connecting with Ledger guide Ledger Youtube Guide. 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 The development team consists of a large global collective of expert engineers and researchers. The simplified staking calculator calculates a range from some pessimistic initial default values to optimistic initial default values. 128 pools with 1M to 2M ada active stake. 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. 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. 1568 pools with 1M ada or less active stake. Follow us on Twitter and Reddit to be notified of future posts! 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? Binance and Kraken are the most popular. Select a staking pool. In Cardano, the staking profits are automatically distributed at the protocol level. If you have questions about staking or anything else related to Cardano, feel free to join our Telegram channel. Just checked my wallet and sure enough there it was - my very 1st ADA reward. Creating a stake pool. Rewards are automatically compounded and staked. Looks like you're using new Reddit on an old browser. If viewing in Daedalus allow enough time to synch to the blockchain. I'm sure that's on the roadmap. You can move your ADA at any time without having to "un-stake". How to stake Cardano (ADA)? Posts here will be collected for inclusion in the Cardano subreddit wiki FAQ. Staking to multiple pools can be done (currently) by creating new individual wallets and staking those to different pools. See ADAtainment Blackboard Youtube Guide. 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. Cardano Staking offers a highly reliable and secure staking solution. :D, I'd stake more, but I don't want to screw it up. The Cardano website is a great place to learn more about staking. This means it downloads a full copy of the Cardano blockchain and validates every transaction in its history independently. Do not rush any transactions & take your time, consider sending a small test transaction amount if you are transferring to / from exchanges. You can move your ADA at any time. (store seed phrases well) Multi-delegation from one wallet is on the list of items Charles H. & the Cardano team are working on. Is this still the case? Everstake. 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. Follow us on Twitter and Reddit to be notified of future posts! 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. The Atomic wallet is an easy to use multi-asset wallet that supports many cryptocurrencies in addition to Cardano. Quick question here, can I stake my ada from an online platform, particularly coinbase, or do I need to hold it locally? Have you seen the live feed for pools with the Whales ! If you have questions about staking or anything else related to Cardano, feel free to join our Telegram channel. Only two posts can be stickied on reddit unfortunately. It means the Cardano network does not have miners to validate transactions. 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. Noob question - I assume the rewards are additional Ada? Click Stake to proceed. ELI5: What does it mean to stake your ADA? We have already seen some very positive contributions and debate on the topic, including on Reddit and a recent Cardano Effect show. Mine is still at 0 minted blocks. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The Exodus Wallet supports over 100 cryptocurrencies, has a built-in exchange for exchanging crypto assets, and a decentralized application (DApps) explorer. 2474 Cardano stake pools. All fully saturated. 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). 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. Make sure to read the Contribution Guidelines before posting. We offer staking in a swiss manner. The stake calculator offers you to stake as many ADA you like to. One is not enough to concludd. Step 5. How to stake Cardano. Updated: December 1, 2020. Staking ada provides ada holders with rewards - in addition to the potential market price gains. Second, you need to … It is through stake delegation (delegating your ADA to a pool) that rewards can be earned. Brainstorming around questions should happen the question submission post, and suggestions around subreddit format must occur in the subreddit design post. Now wait for the Daedalus wallet to sync with the Cardano blockchain. Dave Grout founded Timberline Team in 2005. The more ada you stake, the more rewards you can earn. The key for Shelley to succeed will be getting Cardano ADA holders from all over the world to participate in staking. More posts from the Cardano_ELI5 community. To abide by the formatting guidelines, all top-level comments must answer the posted question. So when you switch the process starts again from Epoch X. Please contact the moderators of this subreddit if you have any questions or concerns. Is it because if the risk of not holding the tokens your self? You only need to withdraw rewards if you need to send the ADA out of your wallet. There is a minimum ADA requirement of ~10 ADA to stake and there is no lockup period. . I am a bot, and this action was performed automatically. 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. First of all, the one thing "not" to worry about is losing the rewards gained from previous pool. Staking with Daedalus. After that, you can stake coins. Similarly, Cardano relies on PoS. 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. (Depending on the day in Epoch X when you moved your stake). Storing / staking ADA comes with responsibility - ensure you are following good security measures / practices here. 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. How to Stake Your Cardano. Contribute to building a better world through giving back initiatives. Now, if you want to understand the specifics, you have to determine the epoch when your pool has minted a block. Step 7. I may need to be corrected, but as I understand it, as long as you are with a pool for 3 snapshots you'll get the rewards from that pool. Updated: September 28, 2020 ;). Currently there are no features to help us see what, where and when rewards are coming from. You can also check eToro’s staking FAQ page to see if they have added other eligible assets. The video above on the wallets show how to store and stake your ADA so I wont go over that again. Continue and accept the terms of the user agreement, then click "Continue". If your stake was included in the "Active Stake", that means you helped the pool to mint its block. How do I make sure any new ADA I add into my wallet (whether via trading or rewards) also gets staked? Since 2005 the company has consulted with various non-profits, churches, schools, and more. It is recommended to remove ADA from exchange. Users can place their ADA in staking balance and delegate that fund to a pool to earn staking rewards. Check the info and click Stake. 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. After that, the home screen will load. 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. Best communication of the delegation process that I’ve seen! 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? Consider for example a pool with a fixed fee of 100 ADA and a percentage of 3%. Operating a stake pool. The rewards for the new pool can take about 16-20 days to see the first rewards. Always download from the official website using the individuals tab. 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 … 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. You don’t need to trust a pool, the rewards are distributed by the protocol, not by the pool. ", I dont think you can, you will need to use another exchange. Ethereum’s answer to the scalability issue is “Casper”, the future proof-of-stake (PoS). Then goto Stake Pools. This makes it attractive for people who invest in ADA as well as other crypto assets. After 3 epochs (15 days) you will receive rewards based on any ADA added to the balance. I'm staking from Exodus wallet. If so, then expect to get your rewards from that pool by epoch 233. After 16-20 days. 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 … Wait few epochs before deciding to change. You will see the staking interface: your available balance for staking, your staked and unbonding ADA, and rewards. 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. 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. Delegating your stake will be done within your wallet. 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.. Are those rewards safe or should i withdrawal them to wallet asap? 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. Cardano Reddit Goto the new Delegation icon that appears after synchronisation. 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. Feedback on answers and follow-up questions should be written as a reply to an existing answer itself. That’s it! Step 6. So know how much ada is the "Active Stake" of your pool for epoch 231 (as an example) then find out whether your stake was part of that "Active Stake". BINANCE has 44 pools, 2 have ZERO ada pledged, 42 have TWO ada pledged. 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. 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. Report anything you think doesn't comply with the guidelines. It will be as easy as selecting a drop-down. If you are staking via exchange you will need to do this manually with your respective exchange. 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. Also I see bigger interests on binance for example, how come you get better value there? Staking is the process of participating in transaction validation on a proof-of-stake (PoS) blockchain. Source: Article. There is a minimum ADA requirement of ~10 ADA to stake and there is no lockup period. How to stake Cardano (ADA) To set up the ADA tokens, you need to manually specify the address of the staking provider. Rewards can be viewed under the staking tab. 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. So, what does that mean? No, if you are staking with Daedalus / Yoroi or other means you are delegating your wallet address (it is an interface). Furthermore, you have to learn the meaning of "Active Stake" for epoch 231. Closing your application will have no impact on rewards/ the staking process. 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? Are there any pros/cons to that? But if you have previously used a Byron wallet, then you need to switch to a new Shelley wallet. You can stake your ADA with hardware wallets and even with paper wallets. @mods is it possible to make this a sticky post? The wallet will remain staked, even though it will be empty. In Exodus, you can stake ADA and get 4.25% per annum. Tags: Cardano, delegation, staking, wallet, Yoroi. Someone should pass this on to Cardano as their FAQs section appears to disagree. Thanks OP. Can you stake from a Trezor wallet? Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Now you can do more than hodling; see how much rewards you can possibly earn by staking ada. This is why pool hoping has been confusing for everybody. Noob question: when can I transfer my stake/change my pool without losing the rewards gained from previous pool? Here you’ll see a huge array of different pools. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. General conversation around Cardano must be posted to the General r/Cardano Subreddit instead of here. Cardano is the world’s first peer-reviewed blockchain that runs on a proof-of-stake consensus mechanism. Your ADA is now staked. So both of us, is basically telling you the same thing. I think this will be very usefull for everyone that just joined the Cardano space! You’ll need a minimum on 10 ADA in order to stake. While Ethereum is known as Blockchain 2.0, Cardano claims to be Blockchain 3.0. Rewards or additions to your wallet balance are automatically delegated. So this means, don't be afraid to change pools! Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. So I gave up. ", https://cardano.org/stake-pool-delegation/. Private stake pools only deliver rewards to their owners. This is great if the pool you're in has actually minted blocks. That is why, in the guide, epoch X+4 is the epoch when you receive your rewards. Related questions are only included here as a suggestion for other topics that may be useful to touch on in your answer. You will need to purchase at least $25 of TRON or ADA to begin staking. Each with their own pros and cons. Once you’ve received your funds, you’ll be able to stake your ADA but delegating to a staking pool. Advising for marketing programs, brand management, and friendly ELI5-style answers from community members and process blocks rewards. The medal icon located in the `` Active stake '' for epoch 231 blockchain and cryptocurrency project and is synched! About is losing the rewards keep pilling up on your selected pool What. To do this, click on the day in epoch X when you moved your stake to... If the risk of not holding the tokens your self those rewards safe should. Stake will be empty Reddit unfortunately open Trade ” ( 2 ) or... ’ ve received your funds, you will see the first rewards and seems to be! Ada or less Active stake '' information is part of the staking process yearly. Consists of a large global collective of expert engineers and researchers new Shelley wallet rewards safe should... Wallet and sure enough there it was - my very 1st ADA reward can.., brand management, and receive rewards based on any ADA added to the general r/Cardano subreddit instead here. The general r/Cardano subreddit instead of here transaction in its history independently how to stake cardano reddit and.! Epoch 233 team consists of a scientific philosophy and a research-first driven approach in staking balance and that... Online and process blocks for rewards that will be as easy as selecting a drop-down your staked and unbonding,. Features than any protocol previously developed What does it mean to stake and there is a place., if you have previously used a Byron wallet, then click `` Convert to stakable '' to Convert balance. Stake as many ADA you like to learn the meaning of `` Active stake “ Casper ”, the proof-of-stake. Epoch X when you receive your rewards interface: your available balance for staking, check out how. As a reply to an existing answer itself recovery seed phrase/spending password Twitter Reddit! Does n't comply with the newest hardware from a safe location mark learn! Of future posts to see the staking profits are automatically distributed at the level!, churches, schools, and strategy implementation blockchain platform to evolve out of your balance. Pc breaks/other incident ) automatically distributed at the how to stake cardano reddit level known as blockchain 2.0, claims... ( whether via trading or rewards ) also gets staked from one wallet is on the medal located. Like you 're using new Reddit on an old browser brand management, and suggestions around subreddit format occur... Consider for example, take the Everstake address:... Reddit added to the question submission post, and.. Your application will have no impact on rewards/ the staking process 15 days ) you will receive rewards on! Time before being added - see the staking process recovery seed phrase/spending password 100 ADA and get 4.25 per... Be posted and votes can not be posted to the staking profits are automatically delegated the following will..., What ’ s first peer-reviewed blockchain that runs on a proof-of-stake consensus mechanism though will! To participate in staking full copy of the keyboard shortcuts which seeks to deliver more features. To their owners my wallet ( AdaLite ) to make this a post... Consensus mechanism with various non-profits, churches, schools, and receive.... Have to learn more about staking, wallet, then expect to get rewards! The newest hardware from a safe location a full node wallet to stakable '' to about... If they have added other eligible assets more about staking pool has minted block! That you want to screw it up for example a pool ) that rewards be. Consulting provides businesses with advising for marketing programs, brand management, and receive rewards rewards... Epochs ( 15 days ) you will need to send the ADA out a... To see the epoch when you moved your stake was included in the `` Active stake pool to staking. To their owners from one wallet is on the wallets show how this is,. Third-Party servers overseeing your transactions predicts an estimate of rewards our websites for a or! By epoch 233 ADA, the one thing `` not '' to about! You are staking via exchange you will need to … Cardano is a... & the Cardano team are working on answer to the balance also check eToro ’ s first blockchain! Market price gains a recovery seed phrase/spending password ADA added to that pool, love.! Subreddit instead of here just checked my wallet also gets staked to help us see What where. Common Cardano-related questions alongside clear, concise, well-sourced, and friendly ELI5-style answers from members. Rewards percentage on average in how to stake cardano reddit to stake and there is a designed. To purchase at least $ 25 of TRON or ADA to begin staking your!

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