A detailed guide to staking ADA on Cardano to earn rewards

With the Shelley era of Cardano now well into its second epoch, it's time users got to know the ins and outs of staking ADA.Stake pools and staking is finally here.

A combination of clever design and straightforward principles have made staking ADA on the Cardano network accessible and safe to everyone.

It's important to note that Daedalus is, as of press time, one of two cryptocurrency wallets that supports ADA staking.

Since the ADA user stakes aren't locked, spending the ADA from the wallet will remove it from the staking pool it's delegated to at the same time.

As stake pool operators have a long list of operational costs and are generally for-profit businesses, they retain some of the staking rewards for themselves when their pool is chosen as a slot leader.

The approximate amount of rewards users can get from staking can be determined on Cardano's staking reward calculator.

After three full epochs have passed since a user joined a particular stake pool, the first staking rewards will begin appearing in the Daedalus wallet.

Users need to note that this process will only be live at the beginning of the next epoch to update staking preferences and another two epochs before rewards begin to payout.

Removing ADA from a stake pool requires users to send the funds from their staking wallet to a fresh wallet address.

With inputs from Cardano Guru, who runs the ADA staking pool with ticker: GURU. Like what you see? Subscribe for daily updates.