What is staking?
Staking is a process where ADA token holders delegate their ADA to a staking pool. It enables ADA token holders who do not have the skills or desire to run a full node to be part of the network and be rewarded proportionally based on the amount of staking that is delegated.
There is NO security risk for the user as you are not sending any funds to our pool, just delegating your account.
Which Wallets Are Supported?
Both Daedalus and Yoroi wallets are supported for the mainnet staking.
Is it better to stake with exchanges than stake from my wallet?
You might think that staking is very difficult and that you can stake with an exchange. It is not a smart idea. Every stake-holder should hold ADA coins in her own wallet. If you have coins in your own wallet then you do not risk losing your coins when the exchange is hacked. The decentralization is also better if there are more small entities than big whales with a big influence. Exchanges usually force you to lock ADA coins for some period of time. There is no such limitation when you stake from your wallet and you can always spend your coins. Think twice. Can an exchange give you a higher reward than you can earn from your wallet? It would mean that the exchange does it for free or subsidize the service. Why should the exchange do it? The best conditions for your ADA coins are when you stake from your wallet. For more details read ADApools guide here.
How do the stake pool rewards work?
When our stake pool is elected as a slot leader to produce blocks on the blockchain, our pool is rewarded with some ADA for every blocks we produce. We keep 340 ADA + 1% as fees from the total rewards and the remaining rewards are automatically split and given to the delegators staking their ADA at our pool - proportional to their stake amount.
When will I get my staking rewards?
Every epoch has a number. At the time of writing epoch with the number 240 is in progress. In this epoch, you can buy or sell your ADA coins. You can also delegate the coins to a pool or change the delegation to another pool. At the end of epoch 240, a new snapshot will be taken. The snapshot will not be used in the following epoch 241, as you might expect, but in epoch 242. It means after 5 days from the snapshot. There is one epoch delay between the snapshot and usage of the snapshot. Rewards are calculated after the usage of stakes. In our case, the calculation of rewards will happen in epoch 243. The Cardano protocol distributes the reward at the beginning of the next epoch after the calculation. It will happen in epoch 244.
You can basically expect the reward after 3 full epochs have passed. Do not forget that it is needed to wait for the next snapshot. If a user delegates in epoch 240 then the reward will be paid in epoch 244. In this case, the 3 epochs are 241, 242, and 243. It means that you need to wait at least 15 days for the first reward but it can be up to 20 days.
When you get the first reward then you will get another reward every 5 days. The cycle repeats over and over. With every snapshot, your coins will be used again in the next epoch. For more details read ADApools guide here.
Also please understand that getting rewards frequently depends upon our pool getting selected to mint blocks, which depends upon the active stake in our pool.
Right now minimum 1M active stake is required for our pool getting selected to mint blocks more frequently. Also epoch ROA will be much higher in small pools than big pools with high active stake. So take descision to choose your pool wisely. Follow the ADApools and PoolTool metrics for details. Pool owners rewards gets pledged.
What is pool saturation and how can it affect rewards?
Saturation is a term used to indicate that a particular stake pool has more stake delegated to it than is ideal for the network, and once a pool reaches the point of saturation it will offer diminishing rewards. The saturation mechanism is designed to prevent centralization by encouraging delegators to delegate to different stake pools, and operators to set up alternative pools so that they can continue earning maximum rewards. Saturation, therefore, exists to preserve the interests of both ADA holders delegating their stake and stake pool operators.
The goal is to avoid any single pool becoming too large thereby disincentivizing delegation to that particular pool and receiving a disproportionate amount of the rewards.
The health of the network is partly determined by having a high number of active stake pools with a balanced amount of stake delegated to them. The more numerous and geographically diverse the network's pools the better it is for Cardano ecosystem.
Once our pool becomes saturated then we will launch subsequent pools.
We personally request delegators to support us by staking with us for the longterm and help us to grow in the initial phases of Cardano mainnet launch. Also support other small pools for true decentralization of the Cardano ecosystem.
From where will I get ADA tokens?
You can buy, sell or trade ADA through digital currency exchanges.
In India you can purchase ADA tokens from Bitbns.
How to Install and delegate ADA tokens in Daedalus Wallet?
Guide to delegate your ADA in Daedalus wallet coming soon.
You can refer IOHK video guide on 'Delegating in Daedalus' here.