Cardano Staking FAQ

by | Jan 20, 2021 | Cardano Staking | 96 comments

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Cardano Staking FAQ

Below are some of the common questions I see when it comes to Cardano staking and wallets. If you have any other questions please add them in the comments below and I will update the main questions with the answers as I expect this page to grow over time and become one of the go to places for people looking into Cardano Staking

General Staking Questions

Why should I stake my ADA?

By staking your ADA you are helping to support the network and for doing so you earn rewards

Does Cardano staking lock your coins?

No unlike some other staking cryptocurrencies Cardano staking doesn’t lock up your ADA so you are free to move it at any time that you want

Is there a minimum amount I need to stake?

You can stake any amount over 10 ADA. 

What is saturation level?

Saturation level is defined by the K parameter. Currently it is k=500 which means when a pool goes over 64M in stake the pool is saturated, at the end of March it will go to k=1000 which means the saturation point comes down to 32M in stake.

In simple terms if the pool you are in is over saturated you will get less rewards. I go into the specifics of this in the video below

Where can I view Stake Pool Stats

2 very good websites to track how pools are performing are pooltool.io and adapools.org

Both sites give you up to date stats on all pools. When you are looking at smaller pools sometimes stats dont give the full picture as smaller pools can miss some epochs but generally get bigger rewards when they do get blocks which helps them even out over the long term with returns.

Below is an older video I done on picking a pool and I will have a new one in the next week or 2 as well

Below is a video comparing small and bigger pools as for new or smaller pools stats dont always give the full picture

Wallets

What is the best wallet to hold your ADA in for staking?

For me the best Cardano wallet to use is either Yoroi or Daedalus which are the official wallets. You can create a wallet within either of these or you can sync your hardware wallet with them.

Yoroi – Lightweight wallet which is a browser plugin

Daedalus – Desktop wallet that downloads the full blockchain to your computer

The video below goes through all the wallet options and shows how to stake on Daedalus and Yoroi

 

 

Where can I get the wallets?
Can I stake from a hardware wallet?

Yes you can use a ledger or a Trezor Model T to stake your ADA. ADA isn’t currently supported in Ledger Live but you can pair your Ledger with Daedalus or Yoroi and control your funds from there.

Yoroi – Lightweight wallet which is a browser plugin

Daedalus – Desktop wallet that downloads the full blockchain to your computer

I will have a full video showing both of these added here soon but for now the one below shows how to do it on Daedalus

Do I need to leave Daedalus open to earn rewards?

No once you have delegated to a pool you can close Daedalus and you will still earn rewards

How does staking with a pool compare to staking on exchanges or exodus wallet?

All staking is done with a pool but the difference with an exchange or exodus is they don’t give you a choice of what pool you delegate to. When you stake using an official wallet like Daedalus or Yoroi you can choose your pool and this also gives you the other benefits that comes with been an ADA Holder like voting. There may be other benefits once native tokens are live but I will update here if there are.

Like Daedlaus or Yoroi when you use Exodus you are in full control of the keys for your coins but when you leave them on an exchange you don’t have full control you basically have an IOU from the exchange for them coins.

 

Rewards

How much do I earn with Cardano Staking?

The return rate will vary depending on the pool you are in but in general most pools will average out between 5% – 6% APY over the year. With some smaller pools they mightn’t get rewards in every epoch but when they do they generally get bigger rewards while bigger pools will get consistent rewards every epoch.

I have built a Staking Calculator here which might help – Cardano Calculators

What are the Future Cardano Rewards?

Currently future rewards are unknown and will depend on the adoption of the blockchain. Currently there is a treasury that suppliments rewards but this is going down all the time so to make up for that the number of transactions on the network needs to increase as transaction fees are also used to pay out rewards to delegators. I cover it all in the video below

When do I start earning staking rewards

You will get your first rewards after 15 – 20 days and then every 5 days after that once your pool is producing blocks. I have done a full video explaining the wait time

Do I have to delegate every time I get rewards or add more funds to my wallet?

No all new ADA added to a wallet is automatically staked for you. When you initially stake you delegate your full wallet so any new ADA added at any time will be auto staked for you. 

Why do rewards not increase immediately after adding to an existing staked address?

When you add new funds to a wallet you will have to wait the same 15 – 20 days to get your first rewards on the extra ADA and then it will be every 5 days. While you are waiting you will still be getting rewards on your original balance.

Refer t the question above for more info on why the 15-20 Day wait.

Do I have to claim my rewards every time?

Daedalus automatically claims your rewards but if you are using another wallet like Yoroi you have the option to manually claim them but you don’t need to do this every time. As they are auto re-staked for you, the only time you really need to claim them is when you want to move them out of the wallet, every time you claim you pay a transaction fee and even though it is very small there is no need paying it if you don’t need to. 

Fees

Are there any fees for staking?

When staking you pay a transaction fee (roughly 0.17 ADA) to create and sign your stake key. There is also a 2 ADA deposit which you get back when you stop staking

What are the staking pool fixed fee of 340 ADA and variable fee?

You don’t directly pay the fixed fee or the variable fee when staking. These 2 fees are taken out of the overall pool rewards in an epoch and the rest is then distributed between all delegators.

Fixed Fee: The protocol has this set as a minimum 340 ADA 

Variable fee: This is set by the stake pool operator and is generally 1% – 5%. 

 

Security

Is Staking Secure, can the pool steal my funds?

When you are staking you are still the only person that has access to move the funds so the security of your ADA is still 100% in your hands. By staking you are just signing a transaction (staking key) to say which pool you are choosing so even if that pool gets hacked or dissappears your funds are safe and you can redelegate to another pool.

Can I lose my ADA when I am staking?

No Cardano doesn’t have a slashing system which some other staking platforms do so the ADA you stake to the network can never be impacted, you only get rewards for staking.

Are Yoroi and Daedalus safe wallets or do I need a hardware wallet?

Yoroi and Daedalus are both very good wallets and they are as secure as you are with your seed phrase. Once you keep your seed phrase safe then your wallet should be secure. When running any wallets it is also good to have anti virus software to make sure your laptop stays clean.

I personally use a hardware wallet for my own funds which I access through Daedalus and Yoroi as I like the extra layer of security that a hardware wallet gives

 

 

If there are any question missing that you think should be added please let me know in the comments below and I will get them added.

If you think this will help other please give the post a SHARE as well. Thank You.

96 Comments

  1. Mark

    A question: does the amount thst a pool has delegated to it affect the rewsrds the pool earns? E.g. does a pool with 99% saturation level earn more than a pool with only 50%?

    Reply
    • Paul

      In theory all pools should average out at the same rewards over a year which is currently 5% – 6%. There will be some good and some not so good epoch returns in it. With smaller pools (under 3M) They might have some epochs with no rewards and some with higher than normal. A pool on 99% saturation could give you a fraction of a better reward as the costs are spread over more people but you are in danger or going into saturation which would then leave you earning less

      Reply
      • Victor

        Hi Paul,

        Who/what determines the 5-6% return?

        Also what factors should I be considering to optimise my return? Should it be a smaller pledge vs a large pledge or a 60% vs 99% saturation etc?

        Reply
        • Paul

          This video shows what determines staking rewards and future rewards – https://youtu.be/QqzOS7W9APs

          In general most pools will average out at the same 5% with the current system parameters. There are parameters that could change that in the future but right now the effect is minimal

          Reply
  2. Barry

    Question: Im new to Daedalus. My Daedalus wallet is paired with nano ledger x. I delegated the ada to a pool some time back. In last few days Ive been trying to send some of the delegated ada out of Daedalus to exchange. When i attempt to send ada from Daedalus, it asks me to open ada on ledger, then to verify transaction. Ledger, doesn’t receive the command to verify. Any thoughts?….Secondly, I dont see a feature to undelegate ada, only re-delegate. How do can i undelegate ada?

    Reply
    • Paul

      You don’t need to undelegate to move them. Check to see that you have the latest ADA app on your ledger as if you don’t it wont work and there was a new release lately

      Reply
  3. Barry O Sullivan

    Cheers for the speedy reply Paul. Just after I looked at your comment I restarted Daedalus, the new versions 3.2.0 was waiting to be downloaded/updated. I had the 3.1.0. That is work fine now. Thanks Paul. Will check out you vids/pool. Great content.

    Reply
  4. Robert Odey

    Hello Paul, I’m very new to staking. It’s still a little worrisome. I have a Trezor Model T, do I still need to get the Daedalus wallet to Stake with you? It says reads, Commitment Pledge of 180,000. I’m close to that but is there a penalty for not having 180,000? Also, I’m in the Adalite Pool and will change to your pool. When can I do that? Do I need to wait after so many epochs to do that? Thanks much and I do enjoy you podcasts.

    Reply
    • Paul

      Hey Robert thanks for reaching out and I really appreciate you changing to my pool. No you don’t need to have 180k that is just what I have personally committed to the pool, you can add any amount you want.

      Are you using the adalite website to access your trezor? You can change pools from their site and again you are free to do it any time without any penalty, the current epoch finishes today so could be good to do it before then. To redelegate you just need to do the delegation process again in the same wallet. I show it in this video and the adalite wallet is at 6.38 in the video https://youtu.be/48MngePqUQo

      In adalite you need the pool id and mine is 86a19d5418cd07294af7d71386cf14a84e0478fbfde5b89fe4d98a58

      Any problems or questions just let me know here or email me on paul@cardanowithpaul.com

      Reply
      • Robert Odey

        Nice instructions, worked great, thank you.

        Reply
  5. Mike

    HI Paul, I’m a total Newbie and I just bought a couple thousand dollars worth of ADA at around .40 . I wanted to know about storing my passphrase for my ADA wallet. I keep reading that you are not supposed to save the code on your phone but unfortunately I did this already. I saved the phrase on my phone notes and then sent it to my email address for future reference. I want to know if you would suggest that I make a new wallet and if so than why? To me it seems much safer to have my passphrase stored in my email address where I can access it remotely and where it is password protected, than me writing it down on a piece of paper which can easily get lost, stolen, or destroyed in a fire or flood. I feel very uneasy about only writing it down on a physical paper and not having any other copy. I find it extremely unlikely that someone will hack into my email address to access a measly 3500 ADA. Please let me know what you think. Thanks

    Reply
    • Paul

      Hey Mike, by having a copy on your emails and phone notes if anyone gets access to your phone or email account they can then get access to and take your ADA. The idea of taking a physical copy is that you can create multiple of them and store in a safe place. If your happy to continue with them on your emails and phone that is also fine but that is the risk when having a digital copy

      Reply
    • Robert Odey

      Hi Mike, A buddy of my brothers’ just had 10 BTC taken from his wallet because of the exact same thing you did. They hacked his email account and bought a new wallet, used the seeds to get into his account and drained it. If you don’t mine losing about $3,000 right now @ $.85, then no, I wouldn’t do anything and take your chances or you could send it to me. : ) I’m not being a smart ass, I’m just a guy that hates seeing other people taken advantage of and getting money for nothing… Stealing it! : ( If it was me, what I would do is… Move those ADA’s to another wallet which will cost about 2 ADA, wipe the one without anything coins in it clean, create new seeds, write the seeds down and place them in a safety deposit box. Then transfer those ADA’s into your nice clean, worry free wallet. Some day those “measly 3500 ADA” could be worth a lot of coin some day. Sorry for the pun…Take care my friend!

      Reply
  6. FD

    Hi Paul, what would be the best way to keep track of staking rewards (hardware wallet via Daedalus) in case they’re needed for tax purposes? Cheers.

    Reply
    • Paul

      https://adapools.org/ have a great feature for this. If you know your stake key you can put it in on adapools and they show you all the rewards you have received, there is also a tax button that gives you a breakdown of the value of ADA when you got it so makes it very easy for tax. If you dont know the pool you are staked to you can go to the pool on adapools and under delegators find your own total in the list and click through from there.

      Reply
      • FD

        Thanks so much. I’m in your pool of course! Keep up the great work.

        Reply
  7. Alice

    When I copy my Shelley wallet address into the withdrawal field in my exchange, it says “invalid address”, is this a common problem? How do I get around this? Do I need to send to an ether wallet (e.g. MEW) first and then to the Shelley wallet?

    Reply
    • Paul

      Make sure you select Cardano as the network if you are withdrawing from Binance

      Reply
  8. Karl Baumgartner

    How do you unstake your ADA from pool, and is there any penalties?

    Reply
    • Paul

      You dont need to unstake to move, you can move funds at any time without any penalties

      Reply
      • Karl Baumgartner

        Thank you

        Reply
  9. Simon

    Hi Paul,

    I’m fairly new to Cardano and finding your videos very helpful. Many thanks.

    I’ve just moved my staked ADA into your pool, should be there in 5 days (after the next epoch)

    Cheers,
    Simon

    Reply
    • Paul

      Thanks Simon I appreciate you joining

      Reply
  10. Garrett

    Hi Paul,

    Im new to all of this and was wondering about delegating to your pool. When i click on your pool it says 0% returns at the bottom. Is this just an estimate or would i not get any returns. Im just wondering if you only have a small amount of ada does your percentage change or is it still roughly 5% return annually.

    Reply
    • Paul

      The daedalus estimates aren’t very accurate for pools under 100 blocks. Our current epoch is on target for 6%+ even though Daedalus says 0. Our pool is now at the point of giving the same rewards as any other pool. Thanks for checking it out

      Reply
  11. J

    Hi Paul,

    I’ve just made a Daedalus wallet and learnt how to delegate cardano from exchange through to your pool by watching your videos…

    so block 249 and 23000 ADA on the way. I hope this helps, thanks for your hard work and effort so far. Its not going unnoticed for beginners like myself…

    Cheers
    J

    Reply
    • Paul

      Thanks J I appreciate you choosing my pool and great to hear the content help.

      Reply
  12. Stefan

    Hi Paul, I started Staking with you but I`d like/ tried to end it because of the german tax regulations (found out to late) . when i stake i am unable to sell my cardano within 10 years without paying lots of tax (about 30-35 %). If i do not stake i am able to sell cardano after one year without paying any tax. I guess this is a problem for many people out there and a reason for not staking cardano… . Do I need a new wallet to end staking cardano?

    thanke you Stefan

    Reply
    • Paul

      Hey Stefan, ya I have heard that from a few people in Germany lately. Seems like a crazy rule that the staking rewards isn’t treated the same as your original crypto. In your position its probably cleanest to send your funds to a new wallet as there is no staking history then

      Reply
      • nEkT@R

        I believe with Yoroi you can create multiple wallets and can switch to another pool or keep funds unstaked.

        Reply
        • Paul

          Yes with yoroi you can have multiple wallets and each will have its own unique seed phrase. Yes you can move funds or change pools at any time

          Reply
          • Esodot

            With the new Version of Daedalus you can also create multiple Wallets.
            BTW: the Tax Situation is totally unclear in Germany, that kind of Rumors would not prevent me to delegate my ADA to Paul’s Pool

          • Paul

            Thanks esodot

  13. Nicolas

    Hi Paul,

    I staked to your pool, but i have this message on my Yoroi dashboard tab : “Staking key isn’t registered, so you won’t get rewards.” I did it through my Ledger Nano S, have I done something wrong?

    Thanks

    Reply
  14. Ed Binks

    Hi Paul, newbie here! I first got involved with Cardano a month ago through eToro but am in the process of transferring funds out to be able to actually buy and stake ADA (and would like to stake to your pool). If I want to add more later do I have to do a separate stake or can I just add it to the original? Thanks in advance, Ed

    Reply
    • Paul

      Hey Ed, you can keep adding to the same wallet. Once you stake a wallet anything else you add to it later is auto staked for you

      Reply
      • Ed Binks

        Thanks very much, Paul. I’ve now staked my first batch and there’ll be more to come!

        Reply
        • Paul

          Thanks Ed, appreciate you joining the pool

          Reply
  15. Amer

    Hey Paul your videos are great and thank you in advance for considering my question. I currently have my ADA stored on a Ledger Nano X, and until now have used ADA Lite to interact with my funds. This includes sending to exchanges, receiving from exchanges, and most importantly, staking.

    I would like to use the Daedalus wallet *in order to participate in ADA voting*, which was recently announced. My question:

    – Is it still possible to access my ADA stored on my Ledger Nano X from Daedalus given the fact that I currently access it from ADA Lite? Have you ever experimented with accessing a Ledger Nano X from more than one wallet interface?
    – I see you’ve written that it is possible to move ADA without necessarily un-delegating it from a staking pool. In principle, would it be possible for me to move my ADA from ADA Lite to Daedalus without interrupting the staking rewards epoch? The only reason I would think about doing this would be if it is not possible to interact with my Ledger Nano X on Daedalus due to the fact that I currently use ADA Lite (which I don’t think should be the case, given that the funds are stored on the Ledger and not ADA Lite, but then again I’m still pretty new to the technology and don’t have all the answers).

    Thank you again and I hope my question made enough sense.

    Reply
    • Paul

      Hey Amer, when your ADA is on your Ledger you can use any wallet (Daedalus, Yoroi or Adalite) to access the funds. The private keys sit on your ledger so you can use any of the 3 wallets as an interface to view and access the coins. For the latest voting in Catalyst hardware wallets are not supported. Only Daedalus and Yoroi wallets are supportedinit

      Reply
      • Ken

        Paul, this question is closest to mine so replying herein…

        I started staking from Yoroi, linked to my Ledger X in [PAUL] in epoch 249, all of 250 and we are now in 251. I understand that at 252 I will get my first rewards from 250 and so on…

        I am currently downloading Daedalus so I can be a more productive member of the Cardano family and when I get to 3k ADA, start voting, and until then continue staking in [PAUL] (or 2, watching saturation)…

        If I pair my Ledger Nano X in Daedalus once the blockchain is updated, will it simply recognize the same ADA in the Nano, like looking at it from a different program? or will I need to move the ADA from Y to D (leaving a few ADA in Yoroi? And finally, if so, like I believe I will need to, then delicate it again through the Daedalus wallet?

        Thank you sir, appreciated content every time from you. Ken

        Reply
        • Paul

          Thanks for been in the pool Ken. Yes if you par your ledger it will read all the same balances as whether you connect it to yoroi or daedalus it is the ledger that holds the keys

          Reply
  16. K

    Hey Paul,
    Been staking to your pool with Daedalus! Now I would like to move my ADA from a Daedalus wallet to a supported hardware wallet… If I transfer the ADA in the middle of an epoch, do the rewards just follow the ADA to the hardware wallet? Or will one have to wait the 3-4 epochs and essentially start over with staking?
    Cheers

    Reply
    • Paul

      Hey Kyle, After you send the funds to the new wallet it will wait for 15-20 days to get its first rewards but your old wallet will still be getting rewards for epochs that your funds were registered in the old wallet. Leave 2 or 3 ADA in the old wallet for claiming rewards as you will still get payouts for 2 epochs after you move your funds out due to the way the protocol and snapshots work

      Reply
  17. Anita

    Paul, Can you put links to the wallets? I want to make sure I don’t go on a scam site.
    Thanks for all the info! Will be staking with you 🙂

    Reply
    • Paul

      Good suggestion. I have added in the links under the wallet section on this page

      Reply
  18. Murphy

    Hi Paul,
    I want to transfer my ADA from Binance to my Deadalus wallet. In Binance withdrawal page, there are options to choose network to use (with different transaction fees), which should I choose ?
    – Cardano (fees : 1 ADA)
    – BEP2 (fees : 0.24 ADA)
    – BEP20 (fees : 0.2 ADA)

    Gut feeling tells me to use Cardano network, but why there are other options? Can I use the others with lower fees ?

    I plan to stake with you after withdrawal.

    Thanks

    Reply
    • Paul

      Hey Murphy, yes use the Cardano network. The BEP options are on the binance chain. Thanks for choosing the pool

      Reply
  19. Pol

    I just joined your pool! Thanks for all the help getting started with this!

    Reply
    • Paul

      Thanks Pol

      Reply
  20. Robert Odey

    Hello Paul, Thanks for the rewards. By the way, I’m trying to learn more about staking so my question is, What does it mean 107 or ### LUCK mean in your staking snapshot? Thanks again

    Reply
    • Paul

      100% is the ideal number of blocks based on the stake in your pool compared to the total stake in the blockchain but noone ever hits 100%. Its always a bit above or below and thats why some epochs are better or worse than others

      Reply
  21. mike

    Hi Paul.

    Love the channel and community!

    If I change pool to you, do I wait till end of Epoch or begin or does it not matter?
    I’ll be switching shortly 🙂

    P.s if you need help with modding live videos or need help with video editing : let me know!

    Mike

    Reply
    • Paul

      Thanks Mike, I’ll keep that in mind as right now I do everything myself and struggling to get time to do all.

      Changing doesn’t matter as whenever you change it will be 2 epochs before you are earning in the new pool, you will still be earning in your old pool while your waiting. Any other questions let me know

      Reply
  22. James

    I appreciate all the hard work you do! Probably been asked before but didn’t see it.. and I couldn’t find the answer.
    I have already been staking my ADA and if I unstaked it then transfer everything else to another wallet.. later if I ever decided to transfer the ADA back to my usual wallet that I was previously staking on, do I have to wait another 20 days again?

    Reply
    • Paul

      Yes the time would start again as its based on the snapshots that happen at the end of every epoch to see what funds are in a wallet

      Reply
  23. robin

    hi Paul,great content,i am in the midst of cashing out cardano from etoro, i should be staking with you by the end of the week.I am a uk resident and a little concerned, confused with regards to tax laws etc, i have had a look at gov website but its over my head somewhat,any advice? best regards ,Robin.

    Reply
    • Paul

      Thanks Robin. Sorry I’m not able to help on the tax as I’m in Ireland and even here its not all fully clear

      Reply
      • Michael

        Hi Paul, fellow Irish man here. I started staking to your pool earlier this week. I’ve been watching your videos on YouTube and have been learning alot so thank you. Regarding tax in Ireland, do profits from trading ada or any other crypto fall under the 33% capital gains tax if they are above the allowancd? Is that the only tax payable? Are rewards from staking exempt from tax? I’ve been checking out the revenue website but I’m still unclear as to what exactly is taxable.

        Reply
        • Paul

          Thanks Michael, its all a bit unclear to be honest especially around staking. I am considering staking like earning interest but waiting for that to be confirmed. Its worth having a chat with whoever does your taxes as there are always different approaches to how to handle it all

          Reply
          • Michael

            Yea thats probably not a bad idea. Thanks for the quick reply Paul, much appreciated!

  24. keith murphy (not Irish)

    Just delegated with you too, since yours was the clearest content on Cardano staking I have come across, so only fair to delegate to you.

    Reply
    • Paul

      Thanks Keith appreciate that. Very Irish name 🙂

      Reply
  25. David

    Hi Paul, i joined your pool at epoch 47.
    My question is: Why does my potential rewards says: 0.0000 ADA?
    Keep up with the good work.

    Reply
    • Paul

      I’ve been asking Daedalus the same question as we have had rewards in the last 11 epochs so if you choose my pool you will get rewards

      Reply
  26. Victor

    Hi Paul. Was going to delegate today but saw you are opening a new pool…
    Shall I wait?

    Reply
    • Paul

      Thanks Victor, Yes you can choose either pool as both are live now. The pledge is 0 on the new pool as its just set up but I will be fixing that tonight to add the pledge

      Reply
  27. Steve Morissette

    Hi Paul!

    Thanks for all your videos. They are very heplful. Can you tell me why a delegator would stay in a highly saturated pool if rewards are lower? Also , how can these highly saturated pools survive?

    Reply
    • Paul

      In short they shouldn’t stay in a saturated pool. I have a video coming out on this tonight

      Reply
      • Steve Morissette

        👍🏻 Looking forward to see this video. I want to stake some ADA in your pool. In Daedalus I see 2 pools with your ticker. PAUL and PAUL 2. Should I stake in the newest one (2)? Thanks

        Reply
  28. Dan Flanigan

    Hi Paul, I staked to your pool a couple weeks ago. I’m fairly new to Cardano and was wondering if you have done a video on how to sell Cardano from a Daedalus wallet. I’m not planning on selling but if an emergency came I’d like to know how to do it. Thanks for all of your hard work.

    Reply
    • Paul

      Thanks Dan, whenever you want to sell you will need to send your ADA back to an exchange like Binance or Kraken and sell there for EUR or USD and withdraw that to your bank

      Reply
  29. Daniel Bradish

    Hi Paul,
    just wondering should daedalus take long to load, mine constantly takes 10+ mins to load and connect to a network, I have high speed broadband and a good spec laptop so not sure what the issue is?

    Reply
    • Paul

      Ya it has been a bit slow to connect for me lately as well and my own internet is very good too. Hopefully they will speed it up a bit in future releases.

      Reply
  30. keefryan

    Anyone worked out how to use Daedalus wallet with a trezor T with a passphrase ?
    Thanks. kr

    Reply
  31. Paul Wilkerson

    Hi,

    I am using atomic wallet for the last 1 week, I just love your contents man and I appreciate it, I do have a doubt because I just all my ADA coins which were in the Atomic wallet . I am a bit devastated, Can you just guide me out here dude?.

    Reply
    • Paul

      I use Yoroi and Daedalus for my own ADA but I have heard that Atomic are having issues since the upgrade and hoping to sort it in the next 96 Hours. Yu could try reaching out to their support

      Reply
  32. JP

    Hi, newbie as well. Can I move ADA to a pool in batches? I’m planning on buying every fortnight after getting paid, and I currently have only 110 ADA. Should I move it to a wallet and stake it now, or wait until it builds up? How does that affect staking, fees, rewards, etc? Do I have to create a new wallet every time or just move each batch into the same wallet?

    Reply
    • Paul

      When you stake first you pay a 2 ADA deposit to the network which you get back when you stop staking and you pay a transaction fee 0.17 ADA to sign your stake key after that You can keep adding to a wallet once it is staked, for any new amounts it will be 15-20 days before you get rewards on it but during that time you still earn on the original amount. You dont have to redelegate when you add more funds as it is auto done for you without any fee so the only fee to keep sending new funds is the withdrawal fee on the exchange

      Reply
  33. Ken

    Hey Paul,

    I delegated the ADA that is “in” my Ledger Nano X through Yoroi to [PAUL] during epoch 249. Knowing that 250 is complete and 251 is underway, my first rewards should show up from 250 at the beginning of 252, this much I understand…

    I am currently downloading Daedalus to my machine so that I can become a more productive member of the ADA community, and will become a voting member once I invest >3,000 coins, which should be soon as long as this consolidation holds out just a bit longer.

    Watching videos so far I have come to understand that both Yoroi and Daedalus are akin to separate views into my Nano X, so if I pair the Nano with Daedalus, I believe that the staking will remain in [PAUL] without interruption, but that does not seem exactly right…

    I am preferring to move my ADA to Daedalus, and think now that I will need to pull from Yoroi and deposit to Daedalus, but do not want to risk an epoch of rewards if I do not have to. Granted, it will not be a huge sum to me, but this clarity may help others more invested out.

    Do I need to do anything special to keep you funded with my delegation, not miss an epoch and win for everyone, or do I need to sacrifice an epochs reward to move assets to where I want them?

    Thanks for everything, really enjoy your own contributions which is why you will have my delegations until I don’t know when haha

    Reply
  34. Robert Odey

    I wanted to stake more in the pool so I took lees then half out of my Paul stake pool, bought more ADA and added all of that into Paul 2 stake pool Account 2 so I now have equal amounts in each pool. Besides, the saturation level for Paul is getting close. My question is, when I delegated into Paul 2 in Account 2, it now reads, “Delegation Paul” in account 1 and “Delegation Paul” in account 2. I know it’s 2 different pools because I double checked the delegation pool address. So is it possible to change that name on your end so we’ll know which one is Paul and which one is Paul 2 or do we just need to remember which is which? I have a screen shot if you’d like to see it. Thanks Paul and I appreciate the NON advise and what you’re doing with your coins. Best regards

    Reply
  35. Danny

    Hi Paul, I have been in your 1st pool now for almost 3 epochs. Have not seen rewards yet. If I delegate to your 2nd pool will I have to wait another 3-4 epochs before I see any rewards?

    Reply
  36. Jason Yuke

    Paul, if I delegate a wallet tp your pool, then add more ADA to that wallet does it automatically add those ADA into the the stake pool
    Thank you
    Jay

    Reply
  37. William

    Hello Paul,

    I just signed up to the pool on Yoroi. All seemed to be oke, but now it says upcoming rewards epoch 254.
    The current Epoch is 251 so do i miss out on 252, 253 it said this no where?

    Reply
    • William

      Woeps it did :(!

      Reply
    • Paul

      Ya when you stake first it takes 15 – 20 days for your first rewards and after that it is every 5 days. Anything else just let me know

      Reply
  38. Damion Biernat

    Paul, came across your youtube channel by accident and really glad that I did. Appreciate all of the content you put out there. I recently delegated to your pool. I am going to keep adding to my balance. Will that have any effect on the amount that I currently have delegated? Will I have to wait the 16 -20 days again to get paid rewards? Or does it just add to the current delegated amount and keep on rolling? Thanks again for everything,

    Reply
    • Paul

      Thanks Damion, yes you are free to add to your wallet at any time and you dont have to delegate each time as anything new added will be auto staked for you. There will be the same 15 – 20 day wait for your first payout on anything new added but during that time your original amount will be earning for you and paying out

      Reply
  39. fullcaststreetfooder

    HI first thanks for all your videos that I’ve found very useful. Stupid question, how you withdraw ada from a pool back to a wallet, basically how to stop any delegation process using Deadalus or similar connected to cold wallet like Trezor?

    Reply
    • Paul

      With Cardano there is no locking so the funds always remain in your wallet and you can move them out at any time even during staking

      Reply

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Stake Pool Details

Ticker: PAUL

Pool ID: 86a19d5418cd07294af7d71386cf14a84e0478fbfde5b89fe4d98a58

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