Daedalus Wallet is the official, full-node desktop wallet for Cardano, developed by Input Output Global (IOG). Unlike light wallets, Daedalus downloads a full copy of the Cardano blockchain, offering maximum security and decentralization by independently validating every transaction. This guide will explain how to stake your ADA using Daedalus Wallet.
Introduction: Staking with Daedalus Wallet
Daedalus provides a robust and highly secure environment for managing your ADA. While it requires more disk space and an initial sync time, its direct interaction with the blockchain makes it a preferred choice for users prioritizing decentralization and self-sovereignty. The staking process is well-integrated.
Prerequisites:
- Daedalus Wallet installed on your desktop computer (Windows, macOS, or Linux). Ensure you download it *only* from the official Daedaluswallet.io website.
- Sufficient disk space (can be many gigabytes) and an internet connection for the blockchain to sync completely. This initial sync can take several hours or even longer depending on your system and internet speed.
- ADA funded in your Daedalus Wallet.
Step 1: Accessing the Delegation Center in Daedalus
Once Daedalus is fully synced and your wallet is open:
- In the left-hand sidebar menu, click on the icon that represents “Delegation Center” or “Staking.” It’s usually depicted with a network or branching icon.
Step 2: Finding a Stake Pool
The Delegation Center in Daedalus provides robust tools for finding pools:
- You will see a tab or section labeled “Stake Pools.”
- Daedalus displays a list of registered stake pools. You can scroll through them, and they are often color-coded or ranked based on desirability (considering factors like performance, saturation, and fees).
- There is a search bar where you can type the name or, more effectively, the ticker symbol of a specific pool. For instance, to find Dotare.io, type its ticker “DOTAR” into the search bar.
- You can also filter pools based on various criteria.
Step 3: Evaluating a Stake Pool in Daedalus
When you click on a stake pool from the list, Daedalus provides detailed information:
- Pool name, ticker, website link, and often a short description provided by the pool operator.
- Key metrics such as: Ranking (Daedalus’s own desirability score), ROA (estimated), Saturation, Pool Margin (fees), Controlled Stake, Pledge, and Cost per epoch.
- You can often see a graph of the pool’s performance over time.
This comprehensive information allows for a thorough evaluation directly within Daedalus.
Step 4: Delegating Your ADA
After you’ve carefully selected your preferred stake pool:
- Click the “Delegate to this pool” button associated with your chosen pool.
- Daedalus will then guide you through a series of confirmation steps:
- Wallet selection (if you have multiple wallets in Daedalus).
- Stake pool confirmation (showing the pool ID and name).
- Transaction fee confirmation (the standard network fee of ~0.17 ADA and the 2 ADA refundable deposit).
- You will need to enter your spending password for the selected wallet to authorize and submit the delegation transaction.
Step 5: Confirming Your Delegation
Once the transaction is processed and confirmed by the Cardano network:
- The Delegation Center in Daedalus will update.
- Under a tab like “Rewards” or your wallet’s delegation status, it will show the pool you are currently delegating to and when you can expect rewards.
- The “Stake Pools” list might also visually indicate the pool you are delegated to.
Understanding Rewards & When to Expect Them with Daedalus
As with all Cardano staking, if you are delegating for the first time or have switched pools, there’s an initial period of about 15-20 days (3-4 epochs) before you start receiving rewards from the new delegation. After this, rewards are distributed every epoch (5 days). Daedalus will clearly show your accumulated rewards in the “Rewards” tab, and these are automatically added to your stake.
Switching Pools or Undelegating (Briefly)
To switch to a different stake pool, you simply repeat the process of finding a new pool in the “Stake Pools” tab and clicking “Delegate to this pool.” Daedalus handles the switch seamlessly. Undelegating completely to get your 2 ADA deposit back involves deregistering your stake key, an option usually found within your wallet settings or delegation info if you are actively staked.
Troubleshooting/Common Questions
- Daedalus stuck syncing? This can happen, especially on older hardware or slower connections. Ensure you have ample disk space, a stable internet connection, and allow it sufficient time. Check official IOG support channels for troubleshooting tips.
- Cannot find a pool? Double-check the ticker symbol. Ensure your Daedalus is fully synced as the pool list is retrieved from the blockchain.
You’re all set! By delegating, especially to a pool like Dotare [DOTAR], you’re earning rewards and supporting a cause. Check your rewards in a few epochs!