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.
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
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?
Yoroi – https://yoroi-wallet.com/#/
Daedalus – https://daedaluswallet.io/en/download/
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.
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 3.8% – 4.2% 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.
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%.
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.
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%?
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
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?
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
Does this mean that it doesn’t really matter which pool you choose? Even after watching your videos and reading all this I don’t even really get what the pool is, as I’m new to this.
At the current levels both pools are still good. Longer term plan is to get the 2 of them up to 32m so I’ll be pushing pool 2 more but in terms of returns both should be the same. Thanks for joining
hello i see you have 2 pools now, which one should i stake to?
Both pools are still good. If you haven’t picked one yet you can go with PAUL. Thanks for joining
I am having a problem with my yoroi wallet can u help me I am staking with you
Hey, what problem are you having?
Every time I try to send some Ada it always end up tell me decryption error everytime why is this not letting me remove any Ada at all I am starting to get nervous
I am still having the same problem with my wallet it been almost a week now please help me
Hi Paul, your pools are now both saturated. At least according to https://adapools.org/
Objectively speaking, does this mean we should delegate to another pool?
Sorry I missed this. Both a little under saturation at the minute which means no impact at all on rewards. Haven’t set up a new one just yet as I know lots of people will only stay for the ISO and maybe move to their original pool then. If that doesn’t happen and we are still nearly full on both I will look at a new pool then.
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?
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
Hi. Paul, I have an Ellipal hard wallet. How do I successfully link my current Yoroi Wallet to my Ellipal hard wallet (or can I) without unstaking my ADA that’s in Paul 2? Also, can you make a full “How To” video about the Ellipal hard wallet? Thank you.
I think the only hardware wallets you can use to stake are Ledger and Trezor
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.
No problem, any questions just let me know. We also have a telegram group if you want to join too – https://www.cardanowithpaul.com/TelegramChat
Ok, great.Thanks Paul.
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.
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 firstname.lastname@example.org
Nice instructions, worked great, thank you.
I have a problem.
I staked my Ada in a pool
Had no clue I can’t stake in more than one pool using the same wallet but I did using two delegates.
What will Happen to my stake now? The 1st deducted 2ada plus a transaction fee but the 2dlnd didn’t deduct 2 Ada only transactions fee.
Ya the first 2 ADA is the network deposit which you get back when you stop staking. Yes you can only stake to one pool at a time so your delegation would now be with whatever the second pool was. You can change pools at any time by just doing the delegation process again and picking a new pool.
Is this a great interview… https://www.youtube.com/watch?v=NX3fGKMd004&feature=youtu.be
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
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
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!
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.
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.
Thanks so much. I’m in your pool of course! Keep up the great work.
Hi Paul, I quit staking with your Paul2 stake pool a couple months ago. Now I’m trying to do my taxes (using Taxbit). I didn’t keep a record of my stake key. Is that something you can help me with?
Hey Tina, if you still have your wallet address you can use that to search on pooltool or cexplorer to get your reward history for taxes
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?
Make sure you select Cardano as the network if you are withdrawing from Binance
How do you unstake your ADA from pool, and is there any penalties?
You dont need to unstake to move, you can move funds at any time without any penalties
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)
Thanks Simon I appreciate you joining
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.
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
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…
Thanks J I appreciate you choosing my pool and great to hear the content help.
Very new to all this. If I buy on Coinbase Pro, can I stake it in your pool, or do I have to move my ADA somewhere else first?
You would need to move the ADA to a wallet like Daedalus or Yoroi to stake in a pool
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
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
I believe with Yoroi you can create multiple wallets and can switch to another pool or keep funds unstaked.
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
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
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?
Can you send me a screenshot to email@example.com
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
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
Thanks very much, Paul. I’ve now staked my first batch and there’ll be more to come!
Thanks Ed, appreciate you joining the pool
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.
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
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
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
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?
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
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 🙂
Good suggestion. I have added in the links under the wallet section on this page
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.
Hey Murphy, yes use the Cardano network. The BEP options are on the binance chain. Thanks for choosing the pool
I just joined your pool! Thanks for all the help getting started with this!
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
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
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!
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
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?
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
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.
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
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.
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
Yea thats probably not a bad idea. Thanks for the quick reply Paul, much appreciated!
Hi Michael, I’m an Irish resident and big ADA holder (hodler) and I have done a lot of research into tax implications for crypto and staking rewards. Unfortunately the staking rewards are taxed at income tax rates (similar to share dividends). As a result you will need to note each reward per epoch and associated ADA price at time of reward (I see Paul has a great video showing where to get this info from ADAPOOLS.ORG). In addition to this, any gain made on the disposal of stake rewards will be taxed at Irish CGT rate which is currently 33%. Eg.. if you get staking rewards of €100 worth of ADA (currently 100 ADA is approx €100 value) this month it will have a tax liability at your marginal rate say 40%. If you eventually sell the same €100 worth Ada in future when they are worth €3 each your gain is €200 which is taxable at 33% on disposal. Bottom line is taxman will get his share of the rewards however it is still a very good net yield for doing nothing compared to bank interest and share dividends but you also have the added bonus of price accumulation which is an almost certainty with Cardano. Just buy as much as you can and hold on for as long as you can!! BTW excellent resource Paul, I’m delegated to another Pool since September I will transfer to your Pool 2 shortly.
Thanks for the info Ian. Yes the adapools feature is very useful for working this all out when it comes to taxes. Your right about the taxman always getting his cut too 🙂
Thanks for considering pool 2 as well, if I can help at any point just reach out here or on email firstname.lastname@example.org
Thanks for the info Ian, its really helpful! The taxman has his beak in everything but that’s to be expected i suppose. You’re right tho, its still a great return compared to traditional savings accounts etc. I don’t plan on selling anytime soon, just buying, holding and staking, so the taxman will have to wait for those CGT gains! Thanks again and good luck!
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.
Thanks Keith appreciate that. Very Irish name 🙂
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.
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
Hi Paul. Was going to delegate today but saw you are opening a new pool…
Shall I wait?
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
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?
In short they shouldn’t stay in a saturated pool. I have a video coming out on this tonight
👍🏻 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
I have delegated my cardano with you and have been 4 months and just earned 1% . can you please tell me why? or did I choose the wrong pool? Thanks
He Rick, Ove the year currently the APY for Cardano is about 4.9%. 1% would be slightly under that but it generally always balance out with the way the protocol assigns blocks
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.
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
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?
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.
Anyone worked out how to use Daedalus wallet with a trezor T with a passphrase ?
Sorry I dont have a trezor but I have used a ledger with a 25th word and it works very well. I did fine this article which might help – https://stakenuts.medium.com/cardano-multi-wallets-with-yoroi-and-trezor-a322300dbd7b
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?.
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
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?
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
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
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
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?
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
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?
Woeps it did :(!
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
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,
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
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?
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
thx so much for your prompt reply and apologies for my broken english
No problem, happy to help
Hi Paul, thanks for the great videos. If you are staking with yoroi, how to you just remove the delegation, instead of switching to a new pool?
Thanks Gary. When you go to withdraw rewards you will get an option to deregister and that will stop you staking then
When I name a wallet (either on hardware or in Daedalus), does that name show in public, or is that for my eyes only?
Its only visible to you and just for your own reference
Hi Paul, I want to delegate my ADA to your PAUL 2. However, I am wondering why the pool ID in Daedalus does not match yours at all? ticker is PAUL
Thanks John, With Daedalus they use an ID starting with pool1 so for pool 2 its probably pool14zdcvdec8qmqzsat5wg3a2h9f0u5yzrgjew534z8u3gs5durnjz
Very new to ADA. Can you advise which is the better of your 2 pools to get started with? I only have about a 1000 ADA as of yet, but Im curious as to what the difference is in your 2 pools, if #1 is still under 50% sat.
Thanks….love the videos as well!
Thanks for checking them out Kevin. At the current levels either one is good. Longer term plan is to get the 2 of them
Awesome then…Just staked 1127 ADA to your first pool! looking forward to being a member of your pool families. Ill probably be picking up a few more coins this weekend at these bargain prices. Thanks again for the opportunity to learn and earn!
PS. Im in NY but all 4 of my grandparents are from Fermanagh…cant wait till travel restrictions end to get back and visit. Definitely helped me decide on your pool;)
Thanks Kevin apprecaite you joining. For a small country its crazy the number of people that have Irish connections around the world
I started with staking in adalite with ledger nano s. My question is whether it still staking even when I unplug ledger ? thank you
Yes once you stake you can close your wallet and it will keep staking
Obviously Hard Wallets like Trezor are not left connected to Daedalus except when needed for a transaction so I see my ADA numbers increasing on the Daedalus site but not on the Hard Wallet (Trezor) even after connecting Trezor to Daedalus and allowing for update of numbers.
I have been cross checking my Trezor content on Adalite site but it shows no ADA rewards added to Hard wallet. It just shows the original amount staked.
Are rewards in Daedalus held in separate account to be claimed later?
Thanks in advance for your help . Love your work ,well done and much appreciated. Thank you.
No rewards should be on your hardware device as well as they are paid to your wallet so doesn’t matter which interface you use to check the balance. Is your trezor the only wallet you have in daedalus? Just checking to make sure the rewards w we ent earned by an old wallet before the trezor
Hi Paul ,
Thank you for your reply. It has been a newbie mistake on my part . When you told me the rewards should be on the Trezor I went back to double check on ADALITE and discovered a separate rewards panel. ADALITE split the holding into rewards and original stake so yes they are all present and correct . Just presented differently on ADALITE.
We all really appreciate your work and help.
Thank you Paul.
Great your sorted
How does staking actually work? I understand the basic concept but what is really happening on a deeper level? How does my “sending” my ADA to a stake pool help run the network and not only that but the amount one stakes apparently has more power then lesser amounts. Right? What is happening on a technical level?
When you stake with a pool you are effectively voting for that pool to be assigned blocks in the networks. The more delegation a pool has the more blocks it gets. If there were malicious pools in the network and they had more than 51% of the staked ADA they would inject bad transactions and attack the network. So by delegating to trusted pools it keeps the network in safe hands
Hi paul, I’ve been watching your channel and I love your videos! Great content. I’m planning on staking my ada to your pool. But I have a question wich I don’t seem to find an awnser to online. That is how to sell my ada when the time comes to cash out? I’m currently using the deadalus wallet trough my ledger nano S. But deadalus doesn’t seem to have a sell option like ledger live does. So I was hoping you would be able to help me with this question.
thanks in advance!
Thanks Sander. To sell you will need to send it back to an exchange and sell there. In general you always get the best rates when you buy sell on an exchange rather than through a wallet
I’m looking at the stats (on Cardanoscan.io) for the pool I stake with, and I see “Interest” listed, and it fluctuates each epoch (from 1.888% to 9.573%). What does this figure indicate? I can’t find an answer anywhere.
In general rewards / interest will vary epoch to epoch but should average out to about 5% over the year
hey Paul i realy like your video and the insight….but i delegated my ada to your pool but its says to me that i will get 0ada reward in potential…i waited all the ada cycle and i receiveds none….when i check other pool i see a number in the ada potentiel reward…
Thanks for joining Mary. The potential rewards feature isn’t accurate as my pools are both paying out every epoch. When you first stake it takes 15 – 20 days for your first payout and then it’s every 5 days after that
I have my ADA coins in the binance and I wanted to stake “X” ADA coins in the daedlelus how can I do this? Is it possible to transfer?
You will need to send the coins to your Daedalus and you will be able to stake from there
Hey Paul, Just wondering when staking, regardless of the price of ADA, I will still accumulate ADA over time?
And in say 5 years when I look to withdraw it, does //// the amount of money that I would get be /equal/ the amount of ADA multiply by the cost price at the time?
Hey Ryan, Yes rewards are based on the number of ADA and dont take price into account. When you go to sell it will be at whatever the market price is on that day
Hey Paul! You’re videos have helped so much, and I just started staking with your pool! Still very new to the crypto world. If I decide at some point (not anytime soon) I want to sell some of my Cardano do I have to transfer from my Daedalus wallet to an exchange like Binance or Coinbase then convert it? I have tried to find an answer to this, but sadly the internet has failed me, or my ability to search it correctly. Thanks!!!
Thanks for joining. Yes you will need to send the ADA to an exchange and sell there
Hey Paul Love your videos! I set up a Yoroi and began staking a bit ago and just received my first reward after Epoch 253 after waiting 20 days or so. I just received my Ledger Nano-S and would be more comfortable using that instead. If I un-delegate to transfer from Yoroi to Nano and then instantly re-delegate will I have to wait another epochs for rewards?
Thanks for joining. Yes you will wait the 15 – 20 days again in the new wallet as it is the first time it will be delegated but you will still get paid out rewards into your old wallet for 2 epochs even after undelegating as rewards are paid out 1 epoch after they are earned so you will have rewards due from pass epochs
Can we log in and log out every time we use daedalus wallet? Shouldn’t it required for a password each time I open daedalus? So, anyone with access to my computer can look at my wallet. Is it possible to hide daedalus application? Any other security layer, except from hard wallets? Thanks for the videos.
No currently there is no password to get into Daedalus but the password is needed to send funds. You could delete the shortcut from your desktop but if someone knows you have Daedalus they can still find it and open it. They cant send anything but can see accounts
hi paul , great content . just a couple of questions about staking if you dont mind.
1. can you choose how much you stake or is it just your whole available balance that you have in your wallet?
2, when i buy more ada and send it to my wallet can i choose a different pool to stake to or does it have to be the same one? also if its the same pool do i have to pay the fees again to add my new ada?
thanks very much
Hey Alex, with Cardano staking it stakes your full balance to one pool and anything new added to that wallet will be auto staked for you with no fees. For now If you want to stake to multiple pools you will need multiple wallets
Hi Paul, thanks for posting all the videos – I’m learning so much and I joined your pool.
I watched your video about how to pair the Ledger Nano S in Daedalus. In your video, it showed a balance on the Ledger once it appeared in Daedalus, but when I did it, the balance shows 0. Did I miss any steps?
Thanks for joining the pool. Once the ledger is added it then has to sync so if there is any funds on it they will show once it is synced.
Hi Paul, thanks for all of the info!
If moved my staked ADA from my Exodus wallet to another wallet (staked with your pool now) will I still get rewards from the 2 Epochs just before I moved wallets…due to the snapshot to reward delay?
You will still get rewards into your Exodus wallet for epochs that are due to you and your first payout in the new wallet would be 15 – 20 days.
I delegated to your pool (Paul2) a few weeks ago, and as a newbie, I accidently clicked on redelegate to your pool. What will happen now. Will I lose anything, and will my earning cycle start again from scratch?
Thanks for joining. No your all good, the only thing it will have done is cost you 0.17ADA as you basically resigned your stake key on the network but payout timeline and everything stays the same
Newbie (and, because I’m sure its explained here already, perhaps a bit lazy) question but when staking/delegating directly from Yoroi why would I not choose the pool with the highest estimated ROA. Example, right now I see THOR with an expected ROA of 6.71% versus PAUL’s 3.37%?
Only just found you in the cryptoverse so looking forward to watching all of your content – impressed enough already to be here thinking about staking.
Returns can vary epoch to epoch but over the long term most pools that are producing blocks will average out at 5.2% over the year. We also have a telegram chat group if you want to join https://www.cardanowithpaul.com/TelegramChat
appreciate the reply, Paul.
just staked my bag of ADA with you. First time moving ADA from an exchange to a wallet (Yoroi) and first time staking anything – some nerves involved.
Paul How do you remove your ADA from a stakes wallet in Daedalus? I’m looking at the options and it does not seem clear how to go about this.
With Cardano staking you can move funds at any time by just going to the send tab and sending to any addresses you want. There is no lock with ADA staking
Someday, I’m going to need to buy a hardware wallet for my ADA. I know that Daedalus can interface with a hardware wallet, but does this disrupt my delegation to a pool with the ADA I already own if I need to move ADA from Daedalus to hardware? And where do rewards go after the ADA is on hardware? Thanks!
Yes they are treated as separate wallets so when you get your hardware wallet you will need to send the ADA to it and start staking again
hello I wanted to delegate to your pool
there is two pools with these ID
under your videos on youtube there is different ID for . did it just changed
Hey Sergej, Thanks for joining. Yes them IDs are right. Some wallets show different versions
Hi Paul, I am new with Cardano. I bought some ADA and put it in Yoroi wallet. These days I am getting a Ledger Nano S. How can I move my funds from Yoroi to Ledger? How do I ensure that the funds are in Ledger and not in Yoroi?
Sorry I’m only seeing this now. You will need to connect your ledger to Yoroi and then it will show as a separate wallet in Yoroi. Once you connect it it will act like a Yoroi wallet but any transactions need to be confirmed on the ledger. You can then send your funds from your original Yoroi wallet and stake again once they are in the new wallet. Any problems let me know and fell free to join our chat group too – https://www.cardanowithpaul.com/TelegramChat
Hi Paul, when staking (using Yoroi) do I need to action anything for compound rewards? Or this happens automatically with the rewards calculated from the Total Delegated, not the Total ADA?
Hey Tim, No need to do anything. Rewards are auto compounded for you.
Hi Paul, I recently staked a small amount of ADA in your stake pool as a test to make sure I could do it correctly. After doing it correctly, now I want to stake the remainder of my ADA but it will not allow me. It says that I have to redelegate. Can I undelegate my initial stake in your pool so I can put in the remainder of my ADA into your stake pool? Thanks.
Thanks for joining. Once a wallet is staked anything new added is auto staked as with Cardano you stake the full wallet rather than a set amount
So then I should assume my entire Deadalus wallet is staked with your Paul1 group and that there is nothing further that I need to do on my end? Thanks.
Ya if you already delegated then the full wallet is. Thanks for joining
Paul I’m trying un delegate and I’m not seeing where I can do that. Can you help
Currently you cant undelegate in Daedalus you need to do it in Yoroi. With Cardano staking there is no lock so you can move your funds out at any time without undelegating
Paul, i’m planning to join your pool but not sure Paul1 or Paul. Can you help to make a decision here?
Thanks for the support. Both should give the same rewards over the long term. Currently trying to bring PAUL up to the same stake level as PAUL1.
I’m new to cryptocurrency and using the Kraken website to buy them, I have received an email from them about staking on their platform to earn 4-6% yearly, is this just an easy way to stake instead of picking a pool so to speak?
Yes its another option to stake your ADA you just have to hold your ADA on the exchange instead of your own wallet
Hi Paul, I am currently staked to Paul1 and receiving rewards. Thank you. I would was wondering if there is a way I can see the rewards awarded to me on the blockchain as Daedalus only gives Total Rewards Earned (ADA) but I would like to see each transaction if possible. Is there a place to do this. I have googled with no luck so far. Sorry if this has been asked before.
You can use adapools.org to see your total rewards. I show an example of how to do it in this video – https://youtu.be/gxIfzbk_-mY
Do you get taxed on the rewarded coins before selling? (US Tax)
I’m in Ireland so I’m not sure on the US tax laws. From what I seen others saying rewards are treated as income but you would need to talk to a local tax advisor to be safe
Hi, How do is stake ALL my ADA to your pool. As when i staked the first time it only took 2ADAs.
When you stake with Cardano it stakes everything in your wallet. The 2 ada you see is just the deposit the network takes but you get it back when you stop staking
Hi Paul thanks for all the videos, i have started staking with your pool 1. I believe on one of your videos you said something about going the pools emailing list? iF this is correct how do i join?
Thanks for being a part of the pool Brett, You can join the newsletter here – https://www.cardanowithpaul.com/newsletter/
I feel like I earned higher rewards when I was doing crypto earn with crypto.com; am I doing this wrong
Cardano staking averages about 5%-5.2% over the year. With Crypto.com to get 5% you need to stake 40k CRO as well, with 4k CRO staked you get 3%
I saw that on the ADA Staking Rewards Calculator that you have, there are two columns. One column is for compound interest and the other is not.
Can you explain this to me please? Such as do we have to manually do something extra for compound interest to take effect?
The compound one is if you just leave your rewards in and they are compounded so you also earn rewards on them. The other is if you withdraw rewards as you earn them
Hi Paul, quick question that has no doubt been asked many times before.
I’ve just stared staking with you – when I add more ADA to the wallet being staked, does that automatically get staked too at the beginning of the next epoch? Many thanks for your help.
Hey Marcus, yes anything new added to a wallet that is already delegated including rewards is auto staked
Thanks Paul – I’ve since done some additional research to learn more about this, and it really is all very simple. Keep up the good work.
Hey Paul, i love what you are doing! That being said, my question is about Epoch 270. Right now it says “Pending”. I know what pending means in general, but what does it mean in this particular case? And when should we expect it to complete? Thanks!
Thanks for supporting the pool. With Cardano staking rewards earned in an epoch are paid out at the end of the following one so epoch 270 will be paid out at the end of the current epoch which is June 14th
Silly question here.
I have staked 330ADA to your [PAUL1] Cardano With Paul pool. The rewards I’ve calculated to be around around 17.4537 per year @ ROA 5.289% as per adapools.org site. Then I dividing that by 365 days I get 0.0478183 per day.
I had received my first reward of 0.009343 and would like to thank you for your hard work, however seems considerably less than my calculation.
Have I miss-calculated?
How do I know what this reward relates to? e.g I started of at 40ADA then topped it up later to make the above total, so to which reward am i receiving it from or is it the total.
I hope that makes sense.
Thanks for joining the pool. It depends when you added the rest of the ADA as you will always wait 15 – 20 days for the first payout on any ADA you add to a wallet due to the way the snapshots work. Each payout you get represents 5 days as well. If the extra ADA you added was a few days after the initial amount then your first payout is probably just for the initial 40 ADA rather than the full 330 ADA.
Hey Paulina it been 17 days since I started staking with you and the epoch completed but my rewards still have not shown up in my yoroi wallet
Hey David, I see you sent this just after the epoch completed. Normally it can take up to 30minutes for the reward to appear. Did it show up for you?
i have deposited since 3 jun 2021 but cannot receive any reward.
and why i cannot withdraw? the withdraw button is invalid.
First reward is always 15 – 20 days (end of your 4th epoch) so based on them dates your first payout should be at the end of the current epoch
So my concern be that I just joined a pool that is going up like crazy and I worry it will become over saturated before I even get my first rewards 3 weeks from now. Do you know if I swap to a less saturated one a week or two from now because it goes over the threshold, do I then restart my 3 to 4 week wait? And then recieve nothing for 2 months of staking? Idk what to do. Also is the meld iso the same in terms of when saturated no meld rewards? We only have a couple months of the iso so if I switch due to Sat levels I may miss out on most or all of the event. I would love some specific help here as I can’t seem to find the answer.
It will always be 15 – 20 days before you get rewards from a new pool you switch to but during that time you still earn from your old pool
I use Daedalus to establish multiple wallets and therefore multiple pool delegations. When I transition to a hardware wallet someday, will still be able to have multiple wallets (and multiple pool delegations)?
Also, how do rewards get paid out to my hardware wallet if it’s not plugged in all the time? That part confuses me.
How do I undelegate from a pool in daedalus wallet? (There is only redelegate option)
Daedalus doesn’t have the option undelegate yet. You can still send your funds out at any time without undelegating. If you want to undelegate you would need to restore the wallet in yoroi
Hello Paul – I love your content and staked with your pool about 3 months ago and saved up lots of Ada so thank you!
When I clicked, withdraw I marked the box “deregister” and now all my rewards disappeared. How can I get these back? Thank you so much for your help
Hey Andrew, When you hit withdraw it would have pulled the rewards into your wallet so you should have them available to move now. If you selected deregister then that means your wallet isn’t staked anymore so if you want to keep staking you will need delegate again
Hi Paul, does the fluctuations in ada price have any effect on the staking?
No it wont have an effect on staking as when you stake you stake ADA and rewards are paid in ADA so market value doesn’t come into it
I can’t seem to be able to transfer my ADA from my Trust Wallet to my Shelly wallet on Yougui. It keeps saying “invalid address”. Any tips?
Trust wallet runs in the binance chain so you will need to move the ADA to binance first and then withdraw the ADA on the Cardano chain as that is the real chain and the one yoroi supports
I have my ADA in Yoroi and I am staking them. I have some not withdrawed reward. My Q is: if I move all of my ADA to Ledger, what will happend to my staking? Do I need to start it from beginning? Or will it continue? And what will happend to my award, which is not withdrawed?
Thank You very much Paul.
Ye you will need to stake again as the ledger is a new wallet. You will still get rewards in your old wallet for 3 epochs after you move due to the way the protocol works and after that you can move the last of your rewards to the ledger too
I’m currently staking in your pool with Yoroi wallet. I want to move some of my coins to celsius to earn some rewards from there. If I accept the rewards and move a small amount to my celsius wallet, do I start over from the beginning?
Whatever you leave in your wallet will keep earning as long as you don’t deregister your stake key. Thanks for being a part of the pool
Hi Paul, i have read that to unstake from the pool i would have to create a new wallet. Does that mean i will have to create a new wallet and pair it again with my Ledger Nano X?
My available funds don’t increase while my total rewards and total delegated ADAs are increasing in my Yoroi wallet. Should I monitor the available funds or total delegated? When I decided to withdraw, which one will be my funds?
Total shows your available + rewards due. Whenever you want to move funds out you can withdraw your rewards and then you will see that reflected in your available funds too
Hi Paul, I am delegating my Cardano with Paul 1 and I noticed that in the last epoch (293) and maybe even the one before (292, I was not paying attention) but I did not receive any rewards. Is that normal? Thanks.
Hi Paul I have a daedalus wallet linked to ledger nano x, I have staked a year ago in adalite wallet also linked to ledger Nano X , I a trying to get to know daedalus wallet and have downloaded it and have also downloaded a second wallet in daedalus I want to transfer some of my ADA from my existing stake pool to another , I have followed the process to the point where I have been asked for my Leger nano x conformation and then to confirm ,
But I don’t see where I can choose how many ADA s I want to delegate to the new stake pool , is there a process after I confirm which then gives me that choice or does all my ADA get transferred to the new stake pool , thanks Paul best damien
Hey Damien, when you stake with ADA it will stake everything in your wallet so you dont have to select how much you want to delegate
Hi Paul thanks for your answer ,what I would like to do is this for an example, if i have ADA4000 delegated already and I want to delegate half to Paul1 (ADA2000) how do I do this ,Thanks Damien
Hi Paul I finally worked out how to send from one wallet to another wallet part of my staked amount ,thanks
Great you got sorted Damien
Hi Paul, I’m a Daedalus user and currently have 3 wallets on it. Iwanted to try using each wallet for each pool just for trial and now I want to consolidate all 3 wallets (currently staking) to 1 wallet and 1 pool, but I can’t see anywhere the “undelegate” option on Daedalus so I can recover also my 2 ADAs before I consolidate all wallets into 1. Any advice?
Daedalus currently doesn’t have the unstake option, you will need to restore your wallet in Yoroi to unstake. There is no lock so you can move the rest of your funds outside that 2 ADA at any time
Soon there will be the Sundaeswap ISO and I want top stake my ADA during this ISO to their pool. I am currently staking, in order to be ready for the sundayswap ISO do I have to unstake from my current pool or the switch will be immediate when I will change from current MELD staking pool to Sundaeswap? I mean there is no latency period fro switching pools?
When you move pools it takes 2 epochs to kick in due to the snapshots and how they work. We dont have an exact start date for the Sundaeswap ISO yet but I’m sure they will give notice for it
Hi Paul, I see that your PAUL pool is in the winners list for the SundaeSwap ISO. I am currently staking with your PAUL1 pool. Is this pool included as well or should I move to PAUL? Thanks
Yes both PAUL and PUAL1 will be included and get rewards. Thanks
I just staked some ada with Paul 2. Is the pool the one where I will get sundae tokens?
If so, will they show up in the Yorobi wallet or somewhere else?
Thanks for joining. Yes you will earn Sundae during the ISO for staking. There will be a process to claim them and when they release it I will create a tutorial on it
Is [PAUL] Cardano with Paul 2 and [PAUL1] Cardano with Paul both apart of the Sundae Swap ISO?
Yes Both are in the ISO. thanks
Hello Paul, I delegated 3052 ADA to your Paul1 Cardano with Paul at Yoroi wallet. Can you please tell me if everything went smoothly. Thank you konstantinos
Hey, if it shows that you are delegated then you are good to go. I dont have a way to check as I dont get any info on who owns any of the wallets delegating
Hi Paul, just wanted to say hello, I just staked my ADA using Daedalus to your pool for the sundaeswap ISO. Thanks for what you do.
Thanks for joining David
thank you very much for your videos, they are really well done. I would like to ask you a question: I have staking my Cardano in your Paul1 pool. How do I figure out how many sundae swap tokens I will run
Sorry I missed this message. We dont know how many each person will get as it will depend on how many stake for the ISO
I’m a long time ADA holder but I have never staked. I see you are nominated as a Sundae Swap scooper provider – congratulations. I would like to delegate to your pool with the intent to earn ADA but also to potentially receive Sundae Swap airdrops. If i just delegate to either of your pools I should be covered in what my intent is?
Thanks for your time & expertise in informing the community. 💪🙏
Hey Gerry, sorry I missed this. You can join either pool right now as their is space in both. Any questions let me know, thanks
Hi Paul – how can we be part of your Sundae Swap pool? I can’t find the scooper pool on sundae.finance. Long time YouTube listener – thanks!
They dont have their own pools but have selected 30 SPOs and our pools will qualify for Sundaeswap tokens. You can delegate to PAUL or PAUL1 and you will earn sundae tokens when they start the ISO. Thanks
Hi Paul……stupid question but i have delegated to Paul1…will i be rewarded with sundaeswap tokens? I have been following you for a while on youtube!
Hey Conny, yes PAUL1 will qualify for Sundae tokens
Hi Paul, staked with Paul1 approx 3 weeks ago.. Sundaeswap iso was jan 20th right? Still no sundaeswap tokens in my yoroi wallet.. Am I missing something? Please advise..
Hey. No the ISO started on Jan 25th so the first time you will be able to claim Sundae will be Jan 30th and it looks like they will use Dripdropz. Once thats confirmed I will create a tutorial on it.
Perfect.. Looking forward to your tutorial.. Love your videos by the way.. Thank you.
Hey Paul, your pools are near to overflowing. Is this something you’re going to manage, or perhaps you’ll start a new pool? Hope you’ll get something sorted as you’ve been a great to stake with. Also, with regard to the Sundaeswap tokens, how will that work? I’m staking with Paul.
Hey Marcus, ya watching the pools closely. Haven’t set up a new one just yet as I know lots of people will only stay for the ISO and maybe move to their original pool then. If that doesn’t happen and we are still nearly full on both I will look at a new pool then. With Sundae it looks like they will let people claim through Dripdropz and if that is the case I will record a tutorial as soon as the first rewards are available on Jan 30th. Thanks
Ah, of course. I hadn’t considered the influx of people for the Sundae Swap rewards. Anyway, good answer and thanks.
Hi Paul, apparently the pool PAUL1 is a featured pool for the Meld Bank Manager NFT (source: https://defiknowledge.medium.com/meld-bank-managers-pt-2-cc2922c25d11). Is your other pool PAUL a featured pool as well or just PAUL1?
Thanks for your great work for the community!
Hey Adrien, yep both pools count for it. Thanks for supporting the pool
Staked for 15 days in Paul1. Epoch ended 15mins ago, no rewards in my Yoroi wallet. I’m perplexed. Should I wait longer?
Hey Michael, it can take 20 or 30min for wallets to sync after the turn of the epoch. Did you get rewards? Was it exactly 15 days ago or more than 15? If it was exactly 15 it depends what time of the day you delegated and if you done it before the turn of the epoch as your first rewards is at the end of your 4th epoch