CARDANO STAKE POOL / NETWORK VALIDATOR
Anyone can participate in securing and validating network operations on Cardano blockchain. It takes technical knowledge, experience and sufficient level of commitment to run a validator/stake pool. Alternatively, one can also pledge their ADA through official Cardano wallets and choosing validator/stake pool to stake your holdings on behalf of you, e.g. CryptoFay.
There virtually is no minimum amount - you can stake as little as ten ADA or even a million. ADA held on the Cardano network represents a stake in the network, with the size of the stake proportional to the amount of ADA held. The ability to delegate or pledge a stake is fundamental to how Cardano works. Find out more >>
But wait, what is ADA, you may ask?
ADA is the native token of Cardano. It is named after Ada Lovelace, a 19th-century mathematician who is recognised as the first computer programmer. Find out more >>
It is highly recommended to transfer your tokens into your private wallet where you are in full custody of them. There are also options to keep your tokens on exchanges (online wallets) but there is a third-party risk involved. Learn more about storage options here on Ledger Academy. Presently, there is one software type of ADA wallets where you can safely stake your ADA: Daedalus. Light wallet Yoroi will be supported at later stage.
You can find our stake pool directly in your wallet under ticker:
Note: Your ADA never leaves your wallet and you are sole owner of the security keys that prove the ownership. No transfer of ADA happens between your personal wallet and stake pool. Hence your ADA does not leave your personal possession. Further, you are free to un-delegate, re-delegate elsewhere, or spend your ADA at any time. You are not locked into the staking mechanism beyond any periods of time you find appropriate. Rewards are approximate and depend on the actual network configuration. Learn more >>
See calculator for estimates.
Paid out every epoch ~ 5 days.
340 ADA/epoch fixed fee
+ 5% pool margin
₳ 150,000 - 300,000
One fifth of all margin fees on every saturated pool.