Pool Operator Pledge / Delegation etc

Staking & Delegation Operate a Stake Pool
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1

I have followed all the instructions here:

and here:

I have come to a brick wall, where I just find the instructions too confusing.
Can someone explain what the process is of creating certficates and delegating etc.

I have made 2 sets of staking keys, one for the pool owner and one for the rewards:
owner_stake_1.vkey
owner_stake_1.skey
reward_stake_1.vkey
reward_stake_1.skey

So far this is how I understand it, but I am getting errors:
I have to do this is this order:

  1. MAKE A CERT FOR ME TO PLEDGE MY STAKE AS POOL OWNER:

cardano-cli shelley stake-address registration-certificate
–stake-verification-key-file ~/stake-keys/owner_stake_1.vkey
–out-file ~/certs/owner_stake_1.cert

  1. Build the transaction to register your stake address. (and pay key deposit? 400000)

cardano-cli shelley transaction build-raw
–tx-in 89290f1e6871dbbeb2d1521a169834ac1f81882604340f458d2bce483b9ba4e0#1
–tx-out $(cat ~/stake-keys/owner_payment_1.addr)+199400000
–ttl 618000
–fee 200000
–certificate-file ~/certs/owner_stake_1.cert
–out-file tx3.raw \

SIGN IT

cardano-cli shelley transaction sign
–tx-body-file tx3.raw
–signing-key-file ~/stake-keys/owner_payment_1.skey
–signing-key-file ~/stake-keys/owner_stake_1.skey
–testnet-magic 42
–out-file tx3.signed

SUBMIT IT
cardano-cli shelley transaction submit
–tx-file tx3.signed
–testnet-magic 42

CREATE DELEGATION CERT
AND SEND DELEGATION (PLEDGE)

cardano-cli shelley stake-address delegation-certificate
–stake-verification-key-file ~/stake-keys/owner_stake_1.vkey
–cold-verification-key-file ~/cold-keys/cold.vkey
–out-file ~/certs/delg.cert

Then build, sign and submit a transaction as before (using a UTxO that has some funds associated with it).

cardano-cli shelley transaction build-raw
–tx-in 80d8d92a1bcbda3289e760b3a680951c5dd4da3455edd2d149a0f120d4e4712f#0
–tx-in cc4f13fe99100afc882cba9ab98a7fe54fd56ef5f70054cd2482d1f495ef8bdd#0
–tx-out $(cat ~/stake-keys/owner_payment_1.addr)+199200000
–ttl 622320
–fee 200000
–certificate-file ~/certs/reg.cert
–certificate-file ~/certs/delg.cert
–out-file tx4.raw \

SIGN

cardano-cli shelley transaction sign
–tx-body-file tx4.raw
–signing-key-file ~/stake-keys/owner_stake_1.skey
–signing-key-file ~/cold-keys/cold.skey
–testnet-magic 42
–out-file tx4.signed

SUBMIT

cardano-cli shelley transaction submit
–tx-file tx4.signed
–testnet-magic 42

The problem is that I don’t understand a few things:

How am I actually sending the pledge? To where? Also just the whole process doesn’t make any sense to me.
I am correct in thinking that when i send the pledge, I just make a transaction where I subtract the fee and the pledge amount and then I submit it. So the actual pledge amount is not really being ‘sent’ anywhere?
If someone can explain it, it would be great , as the 2 resources above are very unclear and confusing.

1 Like
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The last error I got was:

Errog reading shelley signing key: signing key read error: /home/will/stake-keys/owner_stake_1.vkey: TextView type error: Expected one of: SigningKeyShelley, SigningKeyByron, Genesis UTxO signing key, Node operator signing key Actual: StakingVerificationKeyShelley

Which seems to be saying I put the wrong key somewhere.
But I am not sure if I even undertand the logic of, making the certificates, submitting them, etc etc.
I also dont fully understand the logic of the pool owner’s stake key Vs the pool’s award stake key. How do they interact etc?

3

Hello,
I found this question because i have some doubts working with pledge.
I did follow the same instructions and pay the fee on testnet. I think that when you send the transaction and pay the fee, that pledge is recorded into the blockchain.
My question is, how can you check that the pledge was successfully registered?.
If i want to add many owners with many pledge, how i can do that?