All you need to know about staking
Staking is safe, no matter which pool you delegate to.
You are using your right to delegate to a pool which is a separate thing from the right for transferring Ada. Your Ada never leaves your wallet when staking.
Worse case scenario is you’re not receiving any rewards, which is essentially the same as not staking. You will not lose any Ada by staking.
Be careful not to download a fake Daedalus, or fake Yoroi wallet. Always make sure your downloads are from the official websites.
We are a team of Cardano enthusiasts. Among us there is a marketing specialist, stakepool-operations expert, build engineer and DevOps engineer.
For each epoch, a flat fee of 340 Ada is paid to your SPO (stake pool operator), this fee is the same for each and every Cardano pool. We don’t get to decide on this.
Apart from the 340 Ada fixed fee, there is a margin that is decided by operators of each pool, it is usually 1% – 3%.
FIKA has a margin of 1.8%, and we will not change this margin secretly, which is a practice that some pools did.
Absolutely. We are actively engaging with people who are interested in Cardano on Twitter and Telegram.
We also actively participate in the governance of Cardano.
Check out our proposal on Project Catalyst:
- The Lottery Analogy:
Imagine your Ada as lottery tickets, each epoch a pool of Ada has a chance of winning the lottery prize which is the staking reward.
A higher saturation pool theoretically has a higher chance of winning, due to higher number of lottery tickets.
However, since the reward is divided among the pool delegators, each delegator’s reward will be less for a larger pool, compared to a low-saturation pool like FIKA.
- High vs Low Saturation:
Bigger pool– more lottery tickets- higher statistical chance of winning- reward divided by more delegator- less reward per delegator.
Low-saturation pool: less lottery tickets- less frequency of winning- reward divided by less delegator- more reward per delegator
You can see that there are pros and cons for both high- and low-saturation pools, but in the end they more or less even out and the reward percentage ends at approximately 5.5% per year.
- In conclusion
Your pool choice is really down to your preference.
As long as you know the pool is run by honest and trustworthy people who know the technology, at the end of the year, there’s not a significant difference between a high- or low-saturation pool.
If you are asking from a personal gains perspective, the short answer is yes.
Consider this: Is free money with no risk worth it?
When staking, you delegate your Ada to a pool to earn more Ada, currently the average annual return is about 5.5%. Your Ada doesn’t leave your wallet when staking.
Yes. You will be able to atransfer your Ada whenever you want when staking. There’s no lock-up period.
Yes. You will be supporting the network and decentralisation by staking in Cardano Ada pools.