Frequently asked questions
What is a stake pool?
The Cardano Blockchain is running by servers, also known as the stake pool, which are connected together as a network. It is responsible for verifying the validity of the transactions and recording them in the block and will be rewarded with a fee for all transactions recorded on that block. The chance that the stake pool will record a block depends on the total stake in the pool, the higher the stake, the more likely it is.
Can I loose my ADA delegating to a staking pool?
No. Staking is 100% safe. You are using your right to delegate to a pool which is a separate action from transferring ADA.
What wallet are supported?
Both Daedalus and Yoroi wallets support delegation within Shelley.
Will the ADA rewards I earn be added to my delegated stake?
Yes. Rewards earned accrue with your original stake. When rewards are received, the balance of your reward account increases – and, consequently, the delegated stake is increased.
Can I re-delegate my stake to another pool?
Yes. Delegated stake can be re-delegated to another pool at any time. Re-delegated stake will remain in the current pool until the epoch after next (from the point of re-delegation), after which your delegation preferences will be updated on the chain and your stake moved to the new stake pool. Rewards are distributed from the end of each epoch, so you’ll continue to receive rewards from your original stake pool for two epochs before your new delegation preferences are applied.
Do I loose my rewards if I switch a stake pool?
No. You will get the rewards for the current epoch as the snapshot is taken at the beginning of each epoch.