Staking Through Yoroi

1. Download the Yoroi Light Wallet at yoroi-wallet.com.

2. Choose your preferred browser option after clicking the download button.

3. After adding it to your browser, launch the Yoroi Wallet extension within the browser.

4. Simply follow the instructions to connect / create / restore your Cardano wallet.

5. Make sure you have ada in your wallet. You may fund your wallet by creating an address in the "Receive" tab.

6. Go to the "Delegation List" tab, and search for "A180".

7. Select A180 and click the "Delegate" button.

You may now go to the "Dashboard" tab to track your rewards.

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Staking Through Daedalus

1. Download the Daedalus Wallet at daedaluswallet.io.

2. The first time launching the wallet, you will need to wait for Daedalus to sync with the blockchain.

3. After Daedalus finished syncing, simply follow the instructions to create / restore your wallet.

4. Make sure you have ada in your wallet. You may fund your wallet by creating an address in the "Receive" tab.

5. Click the second button in the left panel and select the "Stake Pools" tab.

6. Search for "A180" and click the "Delegate to this pool" button.

You may now go to the "Rewards" tab to track your rewards.

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How to Chose a Stake Pool 

Yoroi and Daedalus both feature a list of all participating stake pools. These pools will be ranked and color-coded to help stakeholders make the best decision about where to delegate their stake.

Ranking is based on performance, which is calculated in part based on the number of blocks the stake pool was tasked to create compared to the number actually created in a single epoch.

Other factors to consider are

  • Return on ADA

  • Epoch Fee

  • Variable Fee

  • Pledge

What is Staking?

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.

The amount of stake delegated to a given stake pool is the primary way the Ouroboros protocol (the first blockchain protocol to be based on peer-reviewed research)  chooses who should add the next block to the blockchain, and receive a monetary reward for doing so.

Blockchain transactions are validated by “epoch slot leaders.” These are the stake pools that are selected for the given five-day time periods, or epochs. Slot leaders are responsible for creating new Cardano blocks and validating them. In return for this work, the pool is awarded ADA coins to distribute to their stake pool delegators.

 

The more ADA stake delegated to a stake pool (up to saturation), the more likely it is to make the next block. Rewards are shared between everyone who delegated to that stake pool.

Staking is the process by which ada holders delegate the stake associated with their ADA to a Cardano stake pool. It allows ADA holders to participate in the network and be rewarded in proportion to the amount of stake delegated. There is NO security risk for the user as you are not sending any funds to our pool, just delegating your account.

 

Incentives are used to ensure the longevity and health of the Cardano network and ecosystem. The incentive mechanism is underpinned by scientific research that combines mathematics, economic theory, and game theory.

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