How to stake your ADA

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ADA held on the Cardano network is a stake. When you stake your ADA, you earn rewards for supporting the ecosystem. The process to stake your ADA is as easy as 1-2-3.

1

Create a Yoroi wallet

2

Send ADA to your wallet

3

Delegate to Lido Nation!

Create a wallet on Yoroi Yoroi is a digital wallet for ADA. You can Use Yoroi as a browser extension on your computer, or as an app on your phone. On your computer * Navigate to yoroi-wallet.com * Install browser extension for your browser (ie Chrome, Firefox, etc.)

On Your Phone

  • Install Yoroi app from your app store. Download on the App Store Get it on Google Play

Launch the app or browser extension.

Select language and accept the terms agreement, select "Simple" setup experience, select "Cardano" as the currency.

Select "Create Wallet". Enter a wallet name and spending password.

Copy the recovery phrase by hand

This phrase is your only access to your wallet.

Write carefully, and store it safely in multiple locations.

Enter the recovery phrase by clicking the buttons

Send ADA to your wallet

First, in Yoroi:

Click the Receive tab.

Copy the address to the clipboard by clicking the copy button to the right of the address.

Next, in Coinbase:

Click the Send/Receive button. Click the "Send all" button or type in the amount you'd like to send. Paste the address from Yoroi into the "To" field.

Select Cardano in the "Pay with" field. Click "Continue".

Confirm details of the transaction and click "Send now". You may need to perform a 2-step verification.

You did it!

It may take a few minutes for the transaction to be processed by the network.

Delegate to Lido Nation

In Yoroi:

Click on the Delegation tab.

In the search box Search for lido and click the Delegate button for LIDO

Previous in series

How to buy Ada
LIDO Nation Foundation avatar
LIDO Nation Foundation

Is there a minimum or maximum amount that one can stake with Lidonation

Darlington Kofa avatar

While we don’t have a minimum amount that one can stake with us, a lot of wallets require a minimum of 5 ADA balance to be able to start delegating if you’ve never done it before. The maximum amount to total stake that a pool can have is 64 Million ADA. We don’t have a maximum!

James avatar

how can i delegate to Lido Nation and am i assuared to gain profit

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Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    3m 14s
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
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