Hi Alex, thanks for reply!
But I have currently 43,22 ADA as rewards, do you mean I will loose these or just the ones that I will get after these epochs?
Hi Alex, thanks for reply!
Nope, u will loss only the rewards for the next epochs
43,22 will be added to the balance
So, if I wait for the next epochs (how long by the way?) will I be able to undelegate then?
The best for u is to move the funds (keep 1 ADA for rewards withdraw fees) out of the wallet (I guess u will send them to the exchange) and wait for the next 2 epochs
Then restore the wallet in yoroi and withdraw the rewards + deregister the wallet; then move the rewards to the exchange
You said quite a lot there, sorry, I am a bit of a noob
So what do you mean by moving the funds? Do you mean redelegate?
Why u want to undelegate, do u want to move the ada to the exchange to sell them? Or u just don’t want to delegate anymore?
A bit of both. Currently I do not want to delegate anymore.
Then go to yoroi - click withdraw and deregister the wallet…
If u will want to receive the rewards for the next 2 epoch then u will need to move the funds out of the wallet for next 1 epoch
- u can move to the exchange or u can create another wallet in daedalus and move the funds to the new wallet
Alex, thanks for you help! Much appreciated. I am trying as we speak.
nub question. but what happens for a staked wallet, if move out everything (did not undelegate yet), from the wallet.
What happens to this wallet? and it’s 2 ada (not yet reclaimed from undelegating).
What to do in this situation?
May or may not deposit back ada to this wallet in future. is there any downsides to doing it like this? or was it better just undelegating to get the 2 ada before transfering everything out?
staking rewards don’t matter so much, because it’s less than a month.
you can use the wallet even you will keep it registered or unregistered… it’s just that… when you will decide to stop delegating you probably will want to get the 2 ADA back right? Then you will need to unregister the stake address… also keep in mind that the rewards are delayed with 2 epochs… so after you moved out the funds (keep 1 ADA ) you must/should wait 2 epochs before to unregister (if u care about the rewards)
if you will unregister and after 2 months you will want to stake again, then you will register again (will cost you 2 ADA + transaction fee )
if i keep 1 ada in there as suggested, dont i need to pay the operator fee ontop of the interest fee e.g. 5 %
so 5% comes out of interest made for what u stake, whereas the other fee is split between all the delegators. if u dont make interest, there is nothing to take out of it so that part i dont worry. but what about the other fee that is split between delegators, will that deduct from the 2 ada that put as a deposit for the stake ? because the wallet is currently 0 ?
going forward, i agree that next time i should unregister, to reclaim back the 2 ada (being mindful of the keep 1 ada minimum, and wait 2 epochs before unregistering).
But seeing as the wallet is drained, 0 balance, not unregistered (so the 2 ada is still there), probly not worth the trouble to transact 1-2 ada back there again (considering transaction fees. exchanges charge 1 ada fyi for withdrawals). I don’t think i made it past 1-2 epochs, also rewards showing nothing in the charts. I don’t think i made much interest yet to go through that hassle.
But i’m curious to know like, will the 2 ada and the register wallet status still be valid when i top up into this wallet later? or will the operator just forfeit that 2 ada that was not reclaimed by unregistering due to the wallet being empty. I know this isn’t the normal way to do things, but i’m still learning so i make some mistakes
But i’m curious to know like, will the 2 ada and the register wallet status still be valid when i top up into this wallet later?
Yes, u can add funds anytime to this wallet
or will the operator just forfeit that 2 ada that was not reclaimed by unregistering due to the wallet being empty. I know this isn’t the normal way to do things, but i’m still learning so i make some mistakes
No one has access to ur wallet so… 2 ADA can stay there forever
PS: the rewards are coming from pool (if it will produce blocks); u will not share any ada from your wallet with the pool or with the other delegators
oo ty. so thats how it works. well that takes a load of my mind :} thx