Voting Power Delegation Fee Transaction?

I am new to ADA.

I deposited an amount of ADA into my new Daedalus wallet.

I set up stake pool and was waiting for something to happen the next epoch in regards to rewards.

Today I looked and saw a transaction: Voting Power Delegation: -2.185xxx ADA ?!?!

Reading something online I went to the Governance tab and selected “Abstain” which resulted in another transaction of -0.1717xx…

How do I get the 2.18 back? I do not want to vote I simply wanted to stake my ADA in a pool and recieve rewards… Is this going to happen again?

Can anyone explain what just happened and what/why I paid for something I want nothing to do with?

Starting to stake always needs a deposit of 2 ADA for registering your stake address. You only need to do that once for a wallet.

This deposit will come back if you stop staking. But Daedalus as far as I know still hasn’t implemented that. You can use a lot of other wallet apps – https://cardano.org/what-is-ada/#wallets – for that, though (which I would recommend anyway, Daedalus uses much too much resources and time for the average user).

But since you want to stake, you don’t want to do that now. As long as you want to stake those 2 ADA stay deposited.

It will take 15 to 20 days until you receive the first rewards.

In order to be able to use these rewards (which Daedalus does automatically, other wallet apps have an explicit withdraw button for that), you also need to be delegated to a dRep (or to Abstain or to No-Confidence). I think that Daedalus did delegate to Abstain automatically in that first transaction and the second one where you delegated to Abstain again was kind of superfluous.

The 0.17 to 0.2 ADA are transaction fees. Every transaction costs a fee and stake pool and dRep delegations have to be done in an on-chain transaction. So, there is no way around that and no way to get it back.

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Thank you for this detailed information.
What wallet would you recomend?
I need something as basic as possible with ability to stake.

If you want basic, I’d probably choose Lace, Vespr, or Yoroi in that order.

Usually, I prefer Eternl or Typhon to them – even if they have a less basic interface – you don’t have to use all that, but you can look at it as soon as you are interested in the details.

Installed Typhon. Works great. Thank you.

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This sentence nearly misconstrued the true meaning of what support you needed. I say this because you don’t set up a stake pool, do nothing and expect rewards as you will have to mint blocks before getting rewarded.

That being said, I am glad @HeptaSean was able to understand absolutely what you were asking about and offered detailed explanations to help you understand what happened - he is a true ambassador.

I am also glad you have been able to settle on a light wallet for managing your assets. My only advice would be that you keep your seed phrase free from digital storage to prevent unwanted exposure and potential loss of assets. Hackers are always active I say :joy:.

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I am not sure what you mean. I understand that you can stake your wallet and recieve rewards. Is this not the case?

I think @Nana_Kwadwo_Safo just meant that “set up a stake pool“ could have been understood as you want to be a stake pool operator, not just delegate to it.

But since every question in this thread seems to be answered, can we just close it?

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That is the case. But you mentioned that “you set up a stake pool”. If you set up a stake pool, you must mint blocks to earn rewards instead. That is a different case as compared to delegating to a stake pool.

I am sorry for this mistake. Thank you for your clarification.

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Vote delegation lets token holders transfer their voting power to another user, without giving up control of the underlying asset.

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Vote delegation lets token holders transfer their voting power to another user, without giving up control of the underlying asset.

That is correct, but why do you answer that to an already solved thread?
And why do you post exactly the same sentence again two days later?
Do you have a question?