FAQ


Below are some of the frequently asked questions.

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.

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.

Staking is completely safe! Your staked ADA never leaves your wallet, so you can transfer funds at any time.

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.

There is no minimum to delegate stake to a pool.

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.

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.

You will get your first rewards after 15 – 20 days and then every 5 days after that once your pool is producing blocks.

The official Cardano wallets are Yoroi or Daedalus.

Yoroi – Lightweight wallet which is a browser plugin.

Daedalus – Desktop wallet that downloads the full blockchain to your computer.

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.

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