Staking with Daedalus

Home How to Stake ADA with Daedalus

1. Installing Daedalus

Please download latest version of Daedalus from their official webpage: Official Daedalus Wallet and install it in your PC/laptop. It is compatible with MS Windows, Mac and Linux

Daedalus is a very powerful tool for interacting with Cardano Network and it will be synchronizing Cardano Blockchain while Daedalus is running. Then we recommend to use an Internet connection with no data limits.

2. Create a wallet in Daedalus

Open your Daedalus software in your PC/laptop and proceed to create a new wallet.

You will be asked to keep stored a password and a list of 24 words in order to recover your wallet. Please be really careful with this information. We do not recommend to store it in digital format.

3. Preparing an address to receive ADA in your Daedalus

You will need to find in the menu of Daedalus a section with all your adresses for receiving funds linked to your Daedalus wallet.

Daedalus and Cardano allow us to use one address per transaction in order to help privacy and improve security.

This screenshot does not show my list of 20 addresses but it will appear in your Daedalus wallet. Choose an address which was not used before (Daedalus will regenerate your address if you use all of them).

4. Transfer your ADA to an address of your Daedalus

This process depends on where you store your ADA currently. Maybe in an Exchange? Image attached is an example for doing a withdrawal in kraken.com

You will need to transfer ADA to an address of your Daedalus wallet.

5. Checking the transfer of your ADA to your Daedalus wallet

Time to check that ADA transfer was successful.

Transfer should not take more than some seconds to appear in your Daedalus.

6. Delegating your wallet to Stake Pool LIBRE

Just search for LIBRE in the list of Stake Pools that appears in your Daedalus and please delegate your wallet to us.

Delegation of a wallet to a Stake Pool does not happen immediately. It will take 3 epochs (15 days) to be elegible for rewards. Changing from one Stake Pool to another Stake Pool will take 3 epochs as well Changing from one Stake Pool to another Stake Pool will take 3 epochs as well.

Please read more about parameters to be considered for selecting a Stake Pool. It has a direct impact in your investment.

7. Double check the delegation from your wallet

Your delegation should be published after few hours in the main Block Explorers webpages and you could check it here: pooltool.io - cardanolibre.com - delegators or you could also use this other link adapools.org - grencardano.com - delegators

We recommend you to check from time to time if the Stake Pool you are using for delegation is running OK and earning rewards in order to maximize your investment.

Enjoy Staking Cardano!