I wouldn’t be so quick to leave Ledger. I think if you leave the firmware as it is, there isn’t any change to the function, and you activate the recovery service you have to sign up and agree to it on the ledger. That’s my understanding so far. It sounds like they have postponed any changes for now anyway.
??? Was this about distrust about Ledger?
I understood that it was just about Daedalus being too heavy.
Yeah, that was my take on it…
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Ah, sorry, missed that part.
Well, like @jeremyisme I wouldn’t dismiss them so quickly. There wasn’t really a change in policy.
They decided to offer a kind of custodial recovery service (and cancelled that decision in the meantime) and everybody was excited, because the assumption up to now was that that is technically impossible, that the hardware would somehow prevent the private keys from leaving the device. Seems that was never true (and is also not true for other hardware wallets). But as far as we know, they never planned to do that without the user’s consent to use that strange service.
I’m continuing to use my Ledger and also updated the firmware, but am a little more aware now that I have to partly trust Ledger there.
At the moment, if you really think this was too much, I would move to Trezor, since it is also supported by almost all wallet apps. (But be aware that you also put some trust in Trezor there. Yep, their firmware is open source, but who does really read it? And who checks if anybody has read and verified it, before accepting the firmware update?)
What is important when choosing a staking pool?
I found especially these two which are interesting me:
https://cexplorer.io/pool/pool15ty42f8jmnd5y3ys5km3y66cy6emnqfx6yfwsm6ral0zwrs3ktj
https://cexplorer.io/pool/pool1ykwcqf7r8mj9fmprr9f3y62ftsrlalxm22j383gfpav76ddrc25
What means the color by pledge (blue, orange and green) and the number of blocks?
What is the best way to determine the pool with the highest reward?
And when connecting ledger to yoroi there was a request to transfer 2 public keys, are my assets now in danger because the keys are stored somewhere online?
Those are public keys, so there is no danger to your assets.
Yoroi just needs them to get the transaction history and the current balance of your account.
And there is nothing stored online. Yoroi is a browser extension running on your machine, not a website where you have an account somewhere online. This is the same for the vast majority of browser-based wallet apps. (The providers of the wallet apps could monitor for which addresses data are requested from their backend servers, though.)
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I don’t see blue and orange next to pledge, just a green checkmark, which means that the pledge is met. That is important and you should never delegate to a pool that does not meet its pledge. There won’t be any rewards if it is not met.
How many rewards you’ll get has always a component of luck, since how many blocks a pool gets to produce involves a random function. From the two pools you selected, OTB had a lot of luck recently, HERO not so much.
The fixed fee and the margin fee are the parts of the block rewards that go to the pool operator. Since OTB has much less stake, it will get fewer blocks and the 340 ADA fixed fee that get subtracted before rewards are distributed to the delegators are more relevant. On the other hand, it has a lower margin fee, so from that rest more goes to the delegators.
Higher stake usually means that rewards are more stable, since luck only decides between for example 10 or 12 blocks and not between 0 or 2. But OTB seems to do a lot of marketing recently, they have acquired most of their stake in the last couple of weeks and the current live stake is already much higher again than the stake currently active for block production. So, that difference seems to become less.
3 to 4 % ROA are okay at the moment, as far as I can see. The more than 8 % for OTB are likely due to luck and probably won’t stay.
I won’t tell you which pool to delegate to. There are thousands and the choice also involves whom we want to support etc.
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Is this normal? I delegated my ADA to hero pool from the ledger through yoroi wallet, but the wallet shows always zero everywhere.
Nope, that’s not normal. At least not if your wallet is not, in fact, empty (and you have sent things elsewhere).
You can try: Looking at the transactions, resyncing the wallet in the settings, and/or looking on cardanoscan.io what the blockchain really thinks what is happening in your wallet.
On ledger the tokens are still there, only a deduction of 0.17 fee is in the transaction history.
On yoroi it shows me the hero pool as delegated but other then then only zeros.
How can i cheat the sync of yoroi with the ledger?
In Settings → Wallet:
It worked out everything works fine now thank you, I have one more question on the yoroi wallet I can see now total rewards and withdraw, am I supposed to withdraw them in a certain period of time, so they will be not wasted, or can I let them there so long I want and then just withdraw them once a year or something like that?
Thank you everyone
You can leave them there for years. They contribute to your stake already when they are not withdrawn.
They can’t be used in transactions. At least for Yoroi, they have to first be withdrawn. Some other wallet apps do the withdrawal transparently in other transactions (which is a little cheaper in fees). But if you don’t want to spend them you don’t have to care.
And: Project Catalyst for some reason only considers withdrawn funds for the voting weight. So, if you care for that, you want to withdraw before a voting snapshot.
What is the easiest way to participate in the voting system?
Which voting system do you mean?
For Catalyst – the innovation fund distributed by community vote – the guide can be found here: https://docs.projectcatalyst.io/catalyst-basics/how-to-register-as-a-voter Registration for the next fund – Fund10 – has to be done before 18th August.
For Voltaire – the governance system of Cardano itself – nothing is started yet. Still a bit of discussions going on, but also already some implementations tested.
It worked out.
Now I did see ledger live is supporting ADA staking, for now I’m comfortable with yoroi.
I’m just a bit confused about the last withdraw of rewards, this ADA is not showing up in my wallet:
Is the amount 1 ADA or 28?
There really should be more than 1052 ADA total on the balance.
But withdrawing doesn’t change the balance.
The rewards were counted to the balance already before withdrawing.
In fact, you don’t have to withdraw if you don’t intend to spend. The ADA are staked and produce more rewards also before they are withdrawn.
I had to withdraw because i changed the staking pool.
Im just wondering because there is no incoming transaction on the ledger wallet history about those 28 ADA.
You don’t have to withdraw to change stake pool.
And the transaction you showed is the “incoming” transaction:
Before you had 1024 ADA on a “normal” address and 28 ADA on the reward address, after you had 1052 ADA on another “normal” address. That’s the whole effect of withdrawing.
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