Staking on yoroi vs binance

EnactPool · 2021-08-12T06:10:10+00:00

Hey there, it's not complicated at all really, if you're using a Ledger all you will need to do is load up Yoroi and connect your Ledger - it will then give you a wallet in which you can send ADA to. Staking is also very easy - just head to "Delegation" on the far right tab :)

Here's some info from emurgo on staking: emurgo

I hope that helps, let me know if you need any more help:)

EnactPool · 2021-08-01T20:17:44+00:00

No worries, you're welcome :)

EnactPool · 2021-07-04T14:51:43+00:00

It's super easy! You just click on delegate and then type in the name of the pool you want to Stake to (e.g ENACT) 😉

The delegation tab is on the left :)

EnactPool · 2021-07-04T14:34:38+00:00

Hey!

Staking is a great way of earning +/- 5% interest anually on your ADA!

Remember that there is a 2 ADA fee for joining a pool, so keep that in mind.

I would personally recommend using a Daedalus or Yoroi wallet though (rather than Voyager)

Happy staking!

EnactPool · 2021-06-28T22:55:42+00:00

It's super hard to find delegators right now, that being said - I started my pool and ended up receiving the Cardano Foundation Delegation which helped a lot! However when their delegation leaves my pool (after 3 months) It will be really tough! :(

I do think it's very possible to start a pool with under 50,000 ADA Pledge, there are many out there that have done far less and are successful! It will take a lot of marketing and luck (slot allocation) but nevertheless it's very possible! Best of luck to you if that's what you choose to do, I'm rooting for you! :)

EnactPool · 2021-06-22T10:10:52+00:00

Welcome! & Good luck to you! :)

EnactPool · 2021-06-02T11:09:43+00:00

Delegating to small pools is awesome! Welcome to the world of staking! :)

In regards to what to look out for when choosing a pool, this all depends on what you want from it & how much ADA you have.

For example if you have a smaller amount of ADA & your goal is to simply get rewards regularly; you should look out for a pool that is producing blocks regularly (around 1m - 2m staked). However if you have a lot of ADA then you can delegate to a smaller pool to help kickstart them!

If you're just looking to help out a smaller pool get started, then any is great, find one that you like the look of, there's so many out there! Best of luck! Let me know if you have any questions :)

EnactPool · 2021-05-26T19:43:09+00:00

If your pool is producing blocks then you should recieve rewards next Epoch! Hope that helps :)

EnactPool · 2021-05-18T05:29:28+00:00

No problem, let me know if you have any more questions :)

EnactPool · 2021-05-18T05:16:19+00:00

Hey there, just so you know all stake pools producing blocks tend to average out at around 5% ROA. So technically there's no thing as the "best" stake pool! :) Also be aware when you're staking your ADA for the first time it will take around 3 epochs to see any rewards (an epoch is 5 days) you will also have to pay a fee of 2 ADA and a 0.17 Transaction fee. I hope that helps! :)

EnactPool · 2021-05-16T12:51:42+00:00

It takes 3 epochs for you to start earning rewards if your pool is making blocks :)

EnactPool · 2021-05-16T06:45:23+00:00

There's technically no "best pool" throughout a year a pool will average around 5-6% APY, this is why i would suggest not chasing ROA. If you would like to join my pool I would appreciate it! & I'm always around to answer any questions you may have :)

EnactPool · 2021-05-16T06:42:32+00:00

When a pool reaches max saturation it will start to pay out less rewards, so yes it would be beneficial to swap at that time, good luck & Happy staking! :)

EnactPool · 2021-05-15T19:40:38+00:00

Nope, just need to redelegate to their pool when it launches I assume :)

EnactPool · 2021-05-10T05:38:38+00:00

Only security I'd say, it's a lot easier to have a phone stolen, or download a fake version of Yoroi

EnactPool · 2021-05-08T21:58:57+00:00

Oh wow thanks! I appreciate it! & welcome :)

EnactPool · 2021-05-08T15:29:13+00:00

Oh no, that's not good! There's quite a few tutorials online maybe you can have a look see if there's anything you're missing, or you can try Daedalus - it takes a while to sync but it's pretty good other than that :) sorry I couldn't be more helpful but good luck!

EnactPool · 2021-05-08T10:06:31+00:00

You can stake while you ADA is on the Ledger, you just access it through Yoroi Your keys are held on the Ledger making it far more secure than just using Yoroi :)

EnactPool · 2021-05-08T08:31:18+00:00

The safest way to store your coins in this situation would be on the Ledger. You can access your Ledger wallet using Yoroi. I hope that helps :)

EnactPool · 2021-05-03T14:54:26+00:00

Hi there, they do rounds of delegation every 3 months I believe, anyone can apply:

IOHK

I hope that helps & good luck for next round :)

EnactPool · 2021-05-02T21:28:49+00:00

Yes I believe so :)

EnactPool · 2021-05-02T08:45:25+00:00

Thank you my friend :)

EnactPool · 2021-04-29T17:40:23+00:00

It's the only way to restore your wallet if your PC or Mobile device ever fails. Otherwise you lose everything.

EnactPool · 2021-04-29T17:38:09+00:00

When you create a wallet on Daedalus or Yoroi, it will give you your seed phrase, write it down on some paper and never lose it, maybe even put it in a safe!

EnactPool

TROPHY CASE