Staking - can 1 wallet allocate amongst several pools?

English General Discussions
1

Lets say I have 100 ADA.

If I only create 1 wallet -

 1. I realize I can allocate 100 to pool A
 2. Can I stake 60 to Pool A, 30 to Pool B, and then 10 to Pool C?
 3. Or would I have to create 3 wallets so I can stake to 3 different pools?

Thanks anyone (I know one of the gracious admins will probably respond. They are as fast as lightning sometimes)!

2

One wallet for every stake pool.

I had one Byron wallet and divided it between 4 Shelly wallets so I could test out many stake pools and see who does it best. You can change your stake at any time but changes will not take affect until the next epoch. There is a small network fee for every delegation of $0.02ish so the best way to receive consistent gains is to let it sit once delegated. If you switch often you will occur fees each time and will never earn a reward because any change, including delegating to a previously delegated pool will require a new epoch (5 days).

3

How did you “divide” it into 4 wallets from 1 Byron Wallet (is that the master that holds each individual wallet)?

By creating new “Shelley” wallets?

4

Fees point is correct but IMO the level is insignificant. Missing out on rewards by switching is incorrect, you remained delegated to the first pool up to the point at which you become delegated to the second pool.

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5

Thanks. I am still confused as to can a Shelly wallet stake yo more than one pool?

Or if I wanted to stake 4 total( each to a different pool) will I have to create 4 Shelly wallets?

Thx

6

No, one wallet per pool, one pool per wallet.

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7

Thank you a ZILLION times. your response is extremely clear. Obviously I should have worded my question better.Despite my issue you saw the heart of the question and has responded spot on (as usual). Thanks again.

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8

Is there a reason they can’t set it up so that you allocate / stake to several pools from one wallet.

It would be nice not to have multiple wallets / spending phrases etc to have to keep track of. Would be much nicer to be able to split one wallet up % wise to several pools.

9

I’m assuming it’s not straightforward or it would have happened already. But it’s coming!

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10

Thanks Rob

1 Like
11

Rob ALWAYS has the answers. Not to mention how professional and fast he is in responding.

For now it is what it is. Thankfully Rob has made it clear ( as he always does).

12

Flatterer! :rofl:

Actually, I changed my label from Leader back to Regular partly because I don’t always get it right! (Also because Leader implies a higher position than I actually have.)

13

Doing THAT was a mistake. LOL

Undo it and relabel yourself.

Thanks for the pm response re pools. I “
Discovered” by using the slider based on the number of shares I had, a few pools were named and the one we discussed was named first!!

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