![]() For now you have to manually input the ID of the staking pool. (Warning - Advanced users) Therefore if you want to delegate to multiple pools you have to create more wallets either with new ledger words or attaching secret PIN. Note: Currently you can only delegate to one pool per wallet. Any ADA that we will get and not use for server maintenance purposes will be used for developing Yoroi wallet and some others custom Cardano tools. If you want to consider us our pool is ADA Point Pool, ticker APP. To play around with this parameters you can check the official rewards calculator. Profit margin: Is a variable reward for the pool, percentage of reward sum that will go to the pool operator. The cost of delegating to a pool is about ~2 ADA.Ĭost per epoch: This is a fixed amount of ADA that the pool operator will get and will be substracted from all the rewards the pool creates. You are just telling the network that you are delegating your stake to the selected pool and not sanding that pool any of your ADA. There is no danger of loosing your funds, as your funds will never leave hardware wallet. CONGRATULATIONS you now have a stake-able wallet/address that supports delegations and a bunch of other cool features. Re-install Cardano ADA app, install version 2.0.3 or higher.Ĩ.Click manager and upgrade your Firmware to version 1.6.0 or higher.Plug your ledger and input your password.Warning: Use this tutorial at your own risk. You can follow this guide for now and ignore the Ledger specific parts. You can also follow this tutorial as delegating with is really simple and even if delegated there you can then still open your wallet in Yoroi. Note 2: Check our Yoroi hardware wallet tutorial. After you have your funds on the hardware wallet you can use different clients interchangeably, so if you follow the guide for Adalite here you will see the same state in Daedalus and Yoroi. Note 1: Daedalus already supports ledger delegation, our guide on that is in the making. It is developed by Vacuumlabs which was contracted to develop the official Cardano Ledger/Trezor app. If someone that holds ADA does not have a technical skill or desire to run a staking pool, they can still get the rewards proportionally based on the amount of ADA delegated to a staking pool. Staking pools actually make the Cardano network as they produce “transactions” (blocks). The official Daedalus wallet was released 29 July 2020, but here we are going to look at how you can delegate your stake with Ledger Nano S/X hardware wallet.ĭelegation is a process of delegating ADA to a staking pool. The time has come! You can now delegate your ADA. In response to a Cardano user who stated how he initiated a move regarding support for Cardano native assets, Cardano founder Charles Hoskinson tweeted, "It's like Cardano is a decentralized, community-driven, open-source protocol or something like that.How to delegate, stake your ADA on Shelley with Ledger Nano S/X? Charles Hoskinson maintains that Cardano is community driven Ledger Live enables users to manage their digital assets from within the security of the Nano Hardware Wallet, thus securing assets within the Ledger Nano X or Nano S Plus. The Cardano community was likewise enthusiastic when Ledger's support team announced that the Ledger Live app was working on adding full support for Cardano at the time. In April, cryptocurrency hardware wallet provider Ledger shared the news that version 4.0.0 of the Cardano app for Ledger wallets compatible with smart contracts was now available, which was reported by U.Today. That’s right - it’s You can now send, receive & buy your ADA directly with Ledger Live! □ It's probably been on your rADAr for a while, so we thought we'd ADApt & add something special to Ledger Live.
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