Below are some of the frequently asked questions.
What is staking?
Staking Cardano is an easy way for ADA holders to passively earn rewards on their investment. While staking with Puffin Pool, your holdings are used for validating transactions, thus strengthening the Cardano network.
What is delegating 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.
Is staking safe? Can I lose my ADA?
Staking is completely safe! Your staked ADA never leaves your wallet, so you can transfer funds at any time.
Do I need to send my ADA to a 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.
Does Cardano staking lock your coins?
No unlike some other staking cryptocurrencies Cardano staking doesn’t lock up your ADA so you are free to move it at any time that you want.
How much ADA can I earn staking?
Rewards vary between stake pools. Users in large pools typically see 4 to 5 percent growth annually. Smaller pools see greater variance in rewards, so estimating returns are more difficult. Check out this cardano rewards calculator for more information.
When do I start earning staking rewards
You will get your first rewards after 15 – 20 days and then every 5 days after that once your pool is producing blocks.
What is the best wallet to hold your ADA in for staking?
What do Cardano Potato earn with this?
We earn a fixed fee of 340 ADA and collect 1.77% of the block rewards received by our delegates as a variable fee.
These 2 fees are taken from the general pool rewards at one time, and the rest is distributed among all delegators.