I’m about ready to start my own staking pool. A friend and I will be going in on it together. I learned about Cardano just a few weeks before the price jumped up to over $1. So, I only have about 20k ADA that I could pledge. My friend, however, has around 200k.
Is it better for us to pool our ADA together to have a higher pledged amount or to keep the pledge at 20k but then have him delegate his 200k to the pool? Personally, I’d be more likely to stake with a smaller pledged amount but one that has more delegators, but I’m not sure if one way is technically better than the other.
Is it possible to have both of us contribute to the pledge or do we have to combine our ADA into a single address?
There is a way to pledge safely with a hardware wallet, I’m still learning to do that.
Just remember your pledge usually sits on the servers payment.address / payment.skey so if you don’t know what your doing yet, dont worry about putting a lot of pledge on the server right away.
You would probably be good for starting 0 pledge till you know what your doing. Dont forget there is a server registration fee of 500.
If you need help just send me a message. Or post more questions in the forum. Im planning to write up a simplified/ or better explained version of the coincashew.com guide soon.
Many use the CNTOOL guide but I find that overly complicated for my needs, but seems like it simplfies things in the long run.
And just to clarify, the pledged amount does earn interest like the other staked amounts, correct?
Correct
High pledge = more trust/attractive for delegators…
U can pledge from multiple wallets;
Pledge or delegating is the same thing… just that the pledge is the amount of ada delegated
by the pool owner to his pool