{"id":25714,"date":"2022-08-12T10:10:55","date_gmt":"2022-08-12T10:10:55","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25714"},"modified":"2022-08-12T10:10:55","modified_gmt":"2022-08-12T10:10:55","slug":"cardano-how-to-stake-your-ada-tokens","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25714","title":{"rendered":"Cardano: How to Stake Your $ADA Tokens"},"content":{"rendered":"


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Recently, Input Output Global\u00a0(\u201cIOG\u201d), the company responsible for Cardano\u2019s research and development, explained how easy it is to validate the Cardano blockchain (and earn rewards for doing so). <\/p>\n

On July 28, IOG\u2019s Olga Hryniuk published an\u00a0article<\/a>\u00a0(titled \u201cHow to Stake Your $ADA\u201d) on Essential Cardano that was written by Ivan Irakoze<\/a>, who is part of IOG\u2019s Marketing & Communication team.<\/p>\n

Irakoze started by noting that \u201cstaking your ada helps validate transactions on the blockchain using a non-custodial consensus mechanism, while adding security to the network and contributing to Cardano\u2019s decentralization.\u201d<\/p>\n


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There are three simple steps:<\/p>\n

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  1. Choose a stake pool\n
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    1. Make sure you have your $ADA on a non-custodial Cardano wallet, such as Daedalus, Yoroi, or Flint.<\/li>\n
    2. Select a stake pool (either by using the \u201cstaking\u201d tab of your wallet or by choosing one using an aggregator such as \u201cCardano PoolTool\u201d).<\/li>\n<\/ol>\n<\/li>\n
    3. Delegate your $ADA to the chosen stake pool so that they get registered for staking; if this pool produces blocks, you will receive staking rewards within 20-25 days. Cardano\u2019s consensus mechanism calculates the rewards at every epoch (i.e. five-day period) ; these rewards are \u201cautomatically added to your chosen stake and automatically re-staked for you\u201d.<\/li>\n
    4. Regularly check to make sure your chosen stake pool (using a tool such as https:\/\/adatools.io\/<\/a> or https:\/\/pooltool.io\/<\/a>) is producing blocks; if it has stopped doing so (because it got \u201csaturated\u201d), you will need to select another stake pool.<\/li>\n<\/ol>\n

      Irakoze also pointed out that staking on Cardano is \u201cliquid\u201d, which means that \u201cwhen delegating through Cardano native wallets, you can you can withdraw your stake or move it to another pool at any time.\u201d<\/p>\n

      Image Credit<\/h2>\n

      Featured Image via\u00a0Pixabay<\/a><\/em><\/p>\n<\/p><\/div>\n


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      Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

      Recently, Input Output Global\u00a0(\u201cIOG\u201d), the company responsible for Cardano\u2019s research and development, explained how easy it is to validate the Cardano blockchain (and earn rewards for doing so). On July 28, IOG\u2019s Olga Hryniuk published an\u00a0article\u00a0(titled \u201cHow to Stake Your $ADA\u201d) on Essential Cardano that was written by Ivan Irakoze, who is part of IOG\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":25715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,266,95,1277],"class_list":["post-25714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-cardano","tag-stake","tag-tokens"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/green-Cardano-coins-768x384.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25714"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25714\/revisions"}],"predecessor-version":[{"id":25716,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25714\/revisions\/25716"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25715"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25714"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}