Hi Folks,
Total Noob question about staking …
QUESTION 1:
Jane has 1000 ADA in her Yoroi wallet and Jane delegates all 1000 ADA into GigaMegaKooky Stake Pool that costs 10% + 340 ADA. How much ADA does Jane have left in her Yoroi wallet after delegating?
QUESTION 2:
Jane adds 2000 ADA to her wallet the following month. Jane decides to delegate the additional 2000 ADA in the same GigaMegaKooky Stake Pool. How many ADA does it cost for Jane to delegate her 2000 ADA into the same pool?
Thank you,
TFPJ
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QUESTION 1:
Jane has 1000 ADA in her Yoroi wallet and Jane stakes all 1000 ADA into GigaMegaKooky Stake Pool that costs 10% + 340 ADA. How much ADA does Jane have left in her Yoroi wallet after staking in the ?
1000 - 2ADA (stake refistration) - ~0,2 ADA(transaction fee)
10% + 340 ADA are the pool rewards (rewards desucted before distribute to delegators)
QUESTION 2:
Jane adds 2000 ADA to her wallet the following month. Jane decides to stake the additional 2000 ADA in the same GigaMegaKooky Stake Pool . How many ADA does it cost for Jane to delegate her 2000 ADA into the same pool?
Nothing
Another thing worth noting here is that delegation is a per-wallet, more specifically per wallet key phrase thing. That’s why Jane doesn’t pay any fees to delegate again to the same pool. In fact, because it’s a per wallet thing, the 2000 ADA added to a wallet already delegated automatically get delegated as well. There is no additional step to take and this happens always.
In the future, Cardano will support multi-pool delegation from the same wallet so you could then technically stake with more than one pool from the same wallet. Today, if you wanted that option you’d have to split those funds between separate wallets and delegate each wallet to a different pool of your choice.
Also worth noting, the 2 ADA delegation fee is refundable if you ever chose to stop delegating entirely., I.e, sell all your ADA for example. (Currently undelegate feature only supported in Yoroi) but protocol certainly supports this so most wallets should support this in due time.
Finally, delegation is per wallet key phrase so the fact you delegated using the Yoroi wallet doesn’t mean anything would change if you happened to recover your key phrase using Daedalus for example. You’ll see what the blockchain sees about your wallet and that it is delegated just as you’d expect. Daedalus and Yoroi are just 2 ways you can see and manage your wallets on the blockchain.
Have fun staking.
CPX Pool
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Thank you Ahmad … This adds much clarity …
TFPJ
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