Increasing the pool pledge

Hi,

This might sound stupid, but does anyone have a step by step guide or a itemized list of the things needed to be done in order to increase pool pledge? Im under the impression that is not just a matter of sending more ADA to the pledge wallet… and that it will involve to have some more ADA on the payment wallet or something. Not even sure if i will have to sign and send a new transaction to the blockchain or is enough just to send it to the pledge wallet.

Thanks
Kind regards

hi,

  1. send the amount to the pledge wallet
  2. update the pledge inside pool certificate and submit the new certificate

cntools or coincashew guide?

Cheers,

2 Likes

coincashew

then use this guide

1 Like

What is the benefit of a larger pledge?

Slight increase in rewards. Significant if you have a really large pledge.

And a signal to delegators that you have “skin in the game”.