First time staking - Potential rewards question

Staking & Delegation Stake Delegation
#1

After some advice, if anyone would be so kind to help. Holding a little Cardano since 2017, but always just had it sat away not paying much attention to it.

Only recently have I realised you could stake it. I have updated Daedalus and staked it, during the process of staking the ‘potential rewards’ quoted would be around 18 ADA per epoch.

But now I have committed that, and paid a 2ADA fee, when I hover over the stake for epoch 251, the potential rewards says just 0.7 ADA - is this correct? Because I will re-delegate if that is the case, or is this somehow just looking at the 2ADA fee and not the actual staked amount?

Or maybe I have messed something up :man_shrugging:

Cheers for any advice from someone in the know.

#2

Hello,

Delegating to a pool it will cost u 2ada + fee; 2ada u will receive back when u will undelegate.

The estimation is just an … estimation … in rewards nothing is for sure! on short-term rewards can fluctuate (pools are not making the same number of blocks each epoch) but on long-term (1 year) all pools will give u back ~5-5,5%

Cheers,

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#3

Thanks for the response Alex, and yes I understand that the potential reward might be lower than thought.

But a question in relation to the splash screen that displays when hovering over something you have staked, note the potential rewards at the bottom circled in red, its a long way off the 18 ada that was calculated when i picked the pool - so i wondered do i need to re-delegate to a different pool?

Screenshot 2021-02-23 at 20.32.30

#4

So the annual return is approx. 5-6%. Is that approx. 5 of your current holdings? So I guess what you are seeing is the epoch reward. Also did you adjust the slider at the top? That’ll alter the calculated rewards and the pool ranking

#5

Check in daedalus for my pool for example… it will show u 0.000 but my long term ROA is ~ 7,3% on adapools…
I think daedalus not reflecting very well the reallity;
Wait few epochs and make an average of rewards;

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#6

Thanks both, not really sure why it shows that figure there. The annual reward is circa 1300 ada which is correct at ~18ADA for 73 epochs.

Not to worry, I’ll wait until the new epoch starts and maybe it will display correctly.

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#7

So no worries, the Cradano protocol wont fail you :wink:

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