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STAKING

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Copyright (c) 2023 Kysen Technologies

On this page
  • Introduction
  • Staking ADA with Daedalus Wallet
  • Staking ADA with Yoroi Wallet
  • Staking ADA with Lace Wallet
  • FAQs: Common Staking Questions
  • Conclusion
  • About Us
  • Stake with KysenPool
  • Our Dapps
  • Official Channels

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  1. Staking Guides

Cardano Staking (ADA)

How to Stake ADA Using Daedalus, Yoroi, and Lace Wallets

Last updated 2 months ago

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Introduction

Staking Cardano (ADA) allows users to participate in the network’s proof-of-stake (PoS) mechanism while earning rewards. Unlike traditional mining, staking is energy-efficient and enables ADA holders to support the network securely. This guide covers staking ADA using three popular wallets: Daedalus, Yoroi, and Lace Wallet.


Staking ADA with Daedalus Wallet

Daedalus is a full-node wallet developed by IOHK, providing maximum security and decentralization.

Step 1: Download and Install Daedalus

  • Download the latest version for Windows, macOS, or Linux.

  • Install and launch the wallet (it may take some time to sync with the Cardano blockchain).

Step 2: Create or Restore a Wallet

  • Click Create to generate a new wallet or Restore if you have an existing wallet.

  • Set a strong password and securely store your recovery phrase.

Step 3: Deposit ADA

  • Go to the Receive tab and copy your ADA address.

  • Transfer ADA from an exchange or another wallet.

Step 4: Delegate Your ADA

  • Navigate to the Staking tab.

  • Click on Stake Pools and browse available pools (Let’s say you pick us, KYSN. Enter KYSN or KYSN2 in search bar).

  • Choose a pool based on its performance, fees, and saturation.

  • Click Delegate and confirm the transaction.

Step 5: Earn Staking Rewards

  • Rewards are distributed every epoch (5 days).

  • You can change pools anytime without losing funds.


Staking ADA with Yoroi Wallet

Yoroi is a light wallet that does not require downloading the entire blockchain. It is available as a browser extension and mobile app.

Step 1: Install Yoroi

  • Install the Chrome extension or mobile app.

Step 2: Create or Restore a Wallet

  • Select Create New Wallet or Restore using a recovery phrase.

  • Set a strong password and confirm your mnemonic phrase.

Step 3: Fund Your Wallet

  • Copy your ADA address from the Receive tab.

  • Send ADA from an exchange or another wallet.

Step 4: Delegate to a Stake Pool

  • Click on the Delegation List tab.

  • Search for a stake pool using ticker, name, or ID (Let’s say you pick us, KYSN. Enter KYSN or KYSN2 in search bar).

  • Click Delegate, review details, and confirm the transaction.

Step 5: Monitor Your Rewards

  • Rewards are paid out automatically every epoch.

  • You can track staking rewards in the Dashboard.


Staking ADA with Lace Wallet

Lace is Cardano’s newest light wallet designed for seamless staking and DeFi integration.

Step 1: Download and Install Lace

  • Install the browser extension (Chrome or Edge).

Step 2: Create or Restore a Wallet

  • Follow the prompts to set up a new wallet or restore an existing one.

  • Securely store your recovery phrase.

Step 3: Add ADA to Your Wallet

  • Copy your receiving address from the wallet.

  • Transfer ADA from an exchange or another wallet.

Step 4: Stake Your ADA

  • Click the Staking tab and browse available stake pools.

  • Select a pool (Let’s say you pick us, KYSN. Enter KYSN or KYSN2 in search bar) and click Delegate.

  • Confirm the transaction and start earning rewards.

Step 5: Track Rewards and Reinvest

  • Use the dashboard to monitor staking performance.

  • Reinvest rewards or withdraw them anytime.


Congratulations! You’ve just delegated ADA to a validator.

If you have any questions,


FAQs: Common Staking Questions

❓ Is there a minimum amount to stake ADA?

  • No minimum amount, but a small fee applies (~2 ADA for delegation).

❓ Can I unstake my ADA anytime?

  • Yes, you can switch pools or withdraw funds anytime without penalties.

❓ How often are staking rewards distributed?

  • Every 5 days (epoch cycle).

❓ Which wallet is best for staking ADA?

  • Daedalus offers full-node security, Yoroi is lightweight, and Lace provides modern UX and DeFi integration.


Conclusion

Staking ADA is a simple and effective way to earn passive income while supporting the Cardano network. Whether you choose Daedalus, Yoroi, or Lace, each wallet provides secure and user-friendly staking options. Get started today and maximize your ADA holdings!

Happy staking!


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About Us

🌐 KysenPool Validator

Unlock the Power of Staking with Our Trusted Blockchain Infrastructure Services!

We aim to decentralize the Proof-of-Stake blockchain ecosystem by providing high-performance validation, infrastructure, and automation. Our expertise spans Tendermint-based chains like Cosmos, Kava, Agoric, and Aura; Ethereum and EVM chains such as Harmony and Berachain; as well as substrate-based ecosystems like Cardano. We’re also actively engaged with next-generation networks including Story Protocol, Analog, Side Protocol, Pell Network, and Exocore. Our global team continuously enhances automation and proactively monitors operations to ensure high availability, resilience, and optimal performance across all supported networks.

Our infrastructure is a hybrid of data centers bolstered with Hardware Security Modules (HSMs), and distributed globally at multiple Cloud providers. Our mission is to help provide a sound infrastructure, share toolings and offer foundational services, so that token holders can stake with confidence while the blockchain ecosystems which we support continues to strengthen. We hope you like our contributions into the ecosystems that we support. To find out more about networks that we support, checkout our website below.


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