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How To Stake Cardano's ADA Using 4 Simple Steps?
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How To Stake Cardano's ADA Using 4 Simple Steps?
Education
Dec 08 , 2020 · 2 min read
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Cardano Delegation Tutorial

What is Cardano?

Cardano is a decentralized public blockchain that evolved from a scientific philosophy and research-first approach. It uses Ouroboros, the first provably secure Proof of Stake algorithm. InfStones is honored to support a project that adopts a deliberate and precise approach to blockchain development.

Ps. ADA can’t be staked from a legacy Byron wallet. It must be staked from a new Shelley-compatible wallet. Follow the steps below to stake with Yoroi wallet.

How to Stake ADA with InfStones?

Follow the steps highlighted below to begin staking your ADA tokens and earning rewards.

Step 1: Install Yoroi Wallet

Click on this link to download and install the browser extension wallet for Chrome:

Cardano Delegation Tutorial

Step 2: Create or Import a Wallet

After installing Yoroi Wallet, click on its logo on the extension bar to open up the wallet on your browser.

Cardano Delegation Tutorial

Follow the Yoroi extension Wallet prompts to create or import a Yoroi wallet, then transfer enough ADA to the wallet. Click on “Receive”, and your address for receiving will be shown here:

Cardano Delegation Tutorial

Step 3: Delegate your Tokens

Click on “Delegation List” to start delegating, all the pools are listed here on this page.

Cardano Delegation Tutorial

To find InfStones’ node, type “InfStones” in the search box and start searching through all those pools.

Click on “DELEGATE” in red square 2 after InfStones’ pool appeals.

Cardano Delegation Tutorial

Set the delegation details.

Cardano Delegation Tutorial

Type your passport of the Yoroi wallet in the “Spending passport” bar. Click on “Delegate” in red square 2 to continue.

Notice: The fees which cost 2 ADA will only be charged once by the chain when you are staking through Yoroi for the first time. The rest part of the fee is the transaction fee.

When you see this page, it means the delegation has been accomplished. Click on “DASHBOARD PAGE” to get back to the main page of the wallet.

Cardano Delegation Tutorial

Step 4: Confirm Transaction

Check the specific information of your delegation.

Cardano Delegation Tutorial

Your delegation status will be shown here below “Your Summary” in red square 1. You can withdraw your rewards by clicking “WITHDRAW” in red square 2. You may observe upcoming rewards in the area below the red square 3.

There is no need to remove delegation as nothing is locked outside of the original 2 ADA deposit for the stake address. It means that you can transfer out your tokens anytime. However, if you do wish to stop staking completely for all funds in the wallet, Go to the “Delegation Dashboard” first and then click on “WITHDRAW”.

Cardano Delegation Tutorial

Approve to unstake

Cardano Delegation Tutorial

Click “I understand” to prove you’ve fully acknowledged the information. Click on “DEREGISTER” to finish. This completely de-registers your staking address and transfers your rewards to your wallet at the same time. You only do this when you no longer want to stake it from this wallet.

Due to the rules of Cardano, you can only stake to one stake pool at a time, you can switch to another stake pool or you can unstake at any time. So please be extremely cautious when you stake.

Why Stake with InfStones?

User-centric experience:

  • Intuitive staking experience with graphic interface.
  • Seamless integration with various wallets.
  • Standardized and consistent logic across different protocols.

Secure and reliable infrastructure:

  • 2000+ service days with 0 slashing.
  • Non-custodial staking.
  • Trusted by Binance, CoinList, BitGo, OKX and more.

Comprehensive support and resources:

  • 24/7 professional support.
  • Extensive guiding documentations.
About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.