FAQ

You've Asked, I've Answered

COULD I LOSE MY ADA WHILE STAKING?

No, your ADA never leaves your wallet to stake. Staking is a feature built within the Daedalus and Yoroi wallets that allows you to delegate your funds for a return on stake in the selected pool.

WHAT IS DELIGATING TO A STAKE POOL?

Delegation is the process by which ada holders delegate the stake associated with their ada to a stake pool. It allows ada holders that do not have the skills or desire to run a node to participate in the network and be rewarded in proportion to the amount of stake delegated.

DO I NEED TO SEND MY ADA TO STAKE?

No, your ada should NEVER leave your wallet or be sent to another wallet to stake. Please be cautious of staking sites asking you to send your funds.

 

IS THERE A MINIMUM FOR STAKING?

There is no minimum to delegate stake to a pool.

CAN I SPEND MY ADA WHILE STAKING?

If you would like to spend or transfer ADA from a delegated account simply spend or transfer as much ADA as you like. The transfer will be instant and the remaining funds will continue to be staked, earning rewards until you choose otherwise.

CAN I SWITCH STAKE POOLS?

Yes! If you would like to delegate your ADA to another stake pool, simply select your new stake pool of choice from the official Daedalus or Yoroi wallets and select the stake option.

 

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