Cardano
You can safely stake your Cardano
by following the external link to the resource
Cardano
EVERSTAKE validator address
Delegating step-by-step
Why stake Cardano with Everstake?
- Over 735,000 delegators across 70+ blockchains place their trust in us. We are deeply committed to transparency, ensuring all our operations and activities are open to the public.
- Delegating ADA to Everstake will help you to increase your yields safely and effortlessly. Our highly-experienced technical team supports the infrastructure that you can rely on without worrying about losing your funds. We use bare metal servers distributed around the globe, have backup nodes for any emergencies and dedicated DevOps monitoring the network 24/7.
How can I stake Cardano with Everstake?
- Step 1. Select a wallet that offers staking functionality
- Step 2. Choose Everstake as your validator
- Step 3. Delegate your ADA tokens
- Step 4. Get rewards
- Note: Validators lack control over users' funds within blockchain networks. Their role entails validating transactions and incorporating them into the blockchain to uphold the network's integrity and security. However, they do not possess the authority to access or manipulate users' funds.
Where can I stake Cardano?
Staking details
- Epoch duration: 5 days
- First reward info: in 20 days
- Reward frequency: Per epoch
- Min amount to stake: 5 ADA
- Fee to activate the wallet: ~0.18 ADA
- Everstake fee: 4%
- Unstaking period: There is no lock up period on Cardano. You can unstake at any time
Blockchain overview
Cardano is a blockchain platform that aims to provide a more secure and scalable infrastructure for the development and execution of smart contracts and decentralized applications (dApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano distinguishes itself through its scientific approach to development, rigorous academic research, and peer-reviewed protocols.
One of the key features of Cardano is its layered architecture, which separates the network into distinct settlement and computation layers. This separation is designed to enhance security and scalability by allowing for more efficient processing of transactions and smart contracts.
Cardano also utilizes a proof-of-stake consensus mechanism called Ouroboros, which aims to be more energy-efficient and scalable compared to proof-of-work systems like Bitcoin. Ouroboros allows holders of the platform's native cryptocurrency, ADA, to participate in the block validation process and earn rewards for their contributions.
Interested in staking more than $500k of ADA?
Everstake is happy to discuss special staking conditions & services we provide for institutions and large investors. Please contact [email protected] or book a slot for any additional details.
faq
How much can I earn by staking ADA?
+The size of your rewards is determined by the size of your stake. They also increase as the transaction volume in the network grows, since part of the staking rewards come from transaction fees.
You will receive 4.91% annually minus validator fee.
When will I receive my rewards?
+If you delegate your ADA during the first epoch, the pool which you delegate to can produce blocks two epochs later.
Two epochs after that, you will begin receiving rewards. This is the case in any epoch you begin delegating your stake in.
We know that each epoch is exactly five days long. Therefore, you will begin receiving staking rewards after 20 days.
Where and how to buy ADA?
+You can buy ADA on a number of popular exchanges, including the world’s top exchange in terms of trading volume Binance. Here you can check a full list of exchanges where you can buy ADA.
Is it secure to delegate ADA tokens?
+Yes, you have full control of your tokens and validators cannot use them in any way. Delegation doesn’t mean that you actually send your ADA to another address. Your tokens just get bonded by the network and cannot be used for any other purpose, except staking that you will be getting rewards for.
Do I need to keep my Yoroi, Daedalus, Adalite wallets open when I am staking?
+No. You can close the wallet/shut down your computer and you are still staking and getting rewards.
What is an epoch from staking point of view?
+It is a reward period for Cardano. It lasts 5 days. Also your initial delegation and redelegation is recorded at the beginning of the epoch.
Is my ADA locked when I delegate to a pool?
+No, you are free to spend your ADA at any time (although you will stop earning staking rewards on anything that you spend).
Do I need to claim my rewards every epoch?
+No, earned rewards are automatically included in your staked balance. You need to claim rewards only when you plan to move them out of your wallet.
What is a saturation limit?
+A saturation limit is defined by the K Parameter. Currently, it is K=500 which means that if a pool goes over 64M of active stake, it can be oversaturated. That pool can produce fewer rewards or no rewards at all.