Hey all, I’m trying to fully wrap my head around how staked ADA liquidity works
I understand that it’s the wallet that gets delegated and not the tokens themselves, and that staked ADA remains liquid, so it can be moved, used in DeFi, etc.
In this scenario: If I have 500 ADA staked and move it to a different new wallet that is not currently registered / staked to any pools, am I correct in thinking that effectively I’m unstaking the 500 ADA? And that my old wallet will continue receiving rewards for 2 more epochs, from the remaining operations of the tokens during that period?
Thanks in advance for any help!
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Thanks - to confirm I’m following it right: During those 2 epochs when I’m still receiving rewards on the old wallet, that first pool’s active stake still included my 500 ADA because the snapshot was taken before I moved it to another wallet, right? So even though I unstaked from that pool, that stake remains valid for two more epochs, until a new snapshot happens without it, and that’s when the rewards stop?
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Mostly right.
Snapshots are taken on every epoch boundary, every five days.
For the block production in an epoch, the snapshot from five days before the start of the epoch is used and the rewards are paid five days after the end of the epoch.
That is why you always get rewards for the situation as it was 15 days earlier.
And: The rewards won’t stop completely, they will just become very low because they are then only for the couple of ADA you left in the account (and for the rewards that still go in). That’s the point where it doesn’t really make sense anymore to keep the account registered and you can deregister it, get the 2 ADA deposit back, and send everything to your new wallet (or an exchange or whatever).
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