So you own some ADA…
You like our mission…
But you don’t know how to stake your ADA with our pool, aka becoming a so-called “delegator”? Read on…
After talking to some potential delegators, we noticed that there is some confusion around how to stake the ADA. Before we explain how to do it, there is a topic we urge you to think about: What are the risks of staking?
The general workflow is like this:
You buy ADA
You send your ADA to your own Cardano wallet
Now, from within Daedalus/Yoroi search for
BOSON in the delegation/staking tab, hit the “Delegate” button and follow the screen instructions. On Yoroi it looks something like this:
Once the delegation is processed successfully, your dashboard should look similar to this:
Note that it might take a few days until the delegation is active
At the time of writing, Swissquote does not offer the possibility to transfer ADA to an external wallet, see their FAQ. If you want to delegate your ADA, unfortunately there is no other way than selling your ADA on Swissquote and buying some on an exchange (e.g. Coinbase) that offers the possibility to transfer your funds to your own wallet (and then continue with the workflow mentioned above).