Cardano What to look for when choosing a Cardano pool?

<h3></h3><p>At first, Cardano might appear to have a complicated staking system, but in reality it's quite simple. In this article we will begin by outlining Cardano’s staking architecture before moving on to the key factors about validator pools that will affect your Return-on-Assets (ROA). By the end of this article, you will be able to confidently select a validator pool that is the right fit for you. <br></p><h2 id="staking-architecture">Staking Architecture</h2><p>To get a better understanding of the whole staking architecture, let's first start with how rewards are generated. Within each epoch, fees from network operations and new emissions are collected into a fund. Part of these collected assets goes to the Cardano treasury, while the rest is distributed to validators and delegators as a reward for their commitment to securing the network through staking. <br><br>The validator's role is to secure the network. They are responsible for confirming the validity of new blocks of transactions which are then added to the network's ledger. Every time a new block is added to the ledger, validators are rewarded with staking rewards. </p><p>Cardano token holders can earn staking rewards by delegating their ADA assets to one of the many available validator pools. By delegating your ADA to a validator pool, you are providing this validator with your tokens rights to participate in the validation of blocks. Validators will redistribute their earnings to their delegators pro rata to their stake. </p><p>A validator's probability to be allocated a block to produce, depends on a number of factors. <strong>Pool saturation, </strong>which refers to how much stake a particular pool has,<strong> </strong>is the most important factor when it comes to allocation of new blocks. The higher the pool saturation, the higher is the amount staked in the pool. The greater a pool's stake is, the more blocks will be allocated to them. If the pool does not have enough stake to be allocated a new block, it can take as long as 5 or 50 epochs before they will produce a block. <br><br>So what factors are important to take into consideration when selecting the right validator pool? Below we explain the several key factors to take into account.</p><h2 id="important-factors-when-selecting-a-validator-pool"><br>Important factors when selecting a validator pool<br></h2><h3 id="pool-saturation">Pool saturation </h3><p>The Cardano staking architecture was created in a way that pool saturation does not have a significant effect on ROA in the long run. <br><br>Pools with larger stakes will have more blocks allocated to them and therefore will generate more rewards, but they will also have to distribute it amongst more delegated stake. Smaller pools will produce blocks less often, but will generate a high return to their delegators when they do. <br><br>One has to consider their strategy when deciding which pool to select: Whether they would rather choose a pool with high saturation that will produce more blocks and distribute rewards more evenly and frequently, or choose a less saturated pool that will produce fewer blocks but distribute greater rewards when it does. </p><p>However, in order to promote decentralisation, the Cardano protocol has a cap on the amount of rewards a validator's pool can receive. Therefore, if a pool is <em><strong>oversaturated</strong></em>, the rewards received for producing blocks will have to distribute between all the ADA that was delegated to that pool. This leads to lower rewards per each ADA delegation. The current oversaturation limit is 64 million ADA.</p><h3 id="pool-fees-margin"><br>Pool Fees (Margin)</h3><p>Validators may charge a fee (margin) for maintaining its pools, keeping a percentage of all rewards received. The usual margin for public pools is between 1 and 3%, which has a very low impact on rewards. For example, even if you stake 1 million ADA on nodes with 0% and 1% commission (let’s take average nodes with 50% saturation), the difference in rewards between them will be about 5-10 ADA per epoch. <br><br>Do note that validators can set the fee up to 100%, so it is important to check that the commission is not set too high.</p><h3 id="pledge">Pledge</h3><p>A pledge is an amount of assets self-bonded by the validator intended to remain staked to its pool for as long as it operates. It can affect ROA, but only very slightly. Below we will take a look at an example.</p><p>As an illustration, let's look at the change in the possible ROA depending on the pool parameters:</p><p>Let's imagine we have three pools, each with a saturation of 30 million ADA. Each of them has the following pledge values:</p><p>Pool 1 - 10,000 ADA, </p><p>Pool 2 - 100,000 ADA  </p><p>Pool 3 - 1,000,000 ADA</p><p>If you were to stake 10 million ADA, you would get the following ROA on each pool:</p><p>Pool 1 - 3.958%</p><p>Pool 2 - 3.960%</p><p>Pool 3 - 3.982%<br></p><p>As we can see, although there is a difference, it is not significant.<br></p><h3 id="luck">Luck </h3><p>Luck reflects the protocol randomness in the allocation of blocks. When a pool gets allocated more blocks to generate than expected, the luck metric is greater than 100%. If a pool gets allocated less blocks than it would be expected then that number is less than 100%.</p><p>Pools experience this metric every epoch regardless of their size and it is completely random, so smaller pools will see swings between 0% and 100% during long streaks, whereas larger pools will see higher returns in the same period. Over a long enough period of time, the expected APY on rewards will average towards the network expected value.</p><p>It's important to keep in mind that block allocation is calculated on the basis of statistics. If a pool has gotten more than it's expected share of blocks in the past, future block allocations will be lower and vice-versa. </p><h2 id="reliability-and-reputation">Reliability and Reputation</h2><p>Since Pool Saturation, Pledge and Luck do not have a significant impact on ROA in the long run on pools with similar fees, the main consideration a delegator needs to have when selecting a validator pool is the validator’s reliability. In case of failures, errors, etc., no blocks will be created and consequently no participant will receive any reward. So when choosing a pool, this decision should be made responsibly to be sure that the infrastructure is maintained without failures. You can analyse validators' historical performances on <a href="https://adapools.org/">explorers.</a></p><p><br>Let's take an example with one of P2P’s pools. Using the following <a href="https://adapools.org/pool/c29c92f8319150962650bc8a5e24d918491e8a7b3ac43525afe76baa">link</a> to the explorer, you can verify the performance and configurations of P2P. You can see that the saturation is less than half, it has a margin of 0%, a pledge of 1M ADA and it has a ROA of around 4-5%.</p><figure class="kg-card kg-image-card"><img src="https://lh6.googleusercontent.com/LpTAxAlKIXJyY-JI_abbpO_Ryo6M6V7qFNqtWhm8R38oGMdFWGWaECyyyAda8xus17qRz2gNsNFqWd3DnSb7RVFYJD9BqKLIwHsnMWlb-wpaKGcn5E8sEd0_DsCA-QfkeEOSQ2siZnDtTORjzn53FXsCYIPyXN0XJTHeWRf0aep6JQhPG4p2m2QmfQ" class="kg-image" alt loading="lazy"></figure><p>Delegating to a public node is not the only way to stake. Many experienced validators, including P2P, provide the option to maintain a whitelabel node for large token holders. Essentially, a team would be responsible for maintaining the node, but it would be managed and owned by the token holder. In other words, a DevOps team would solve all the technical issues, whereas the owner would control the margin, marketing, etc. </p><h2 id="takeaways">Takeaways</h2><p>The Cardano staking architecture was designed in a way to provide all well performing staking pools with similar profitability opportunities, regardless of the size of their stake. Therefore, when selecting a public node, the most important consideration is the fee, the stability and reliability of the validator. Validators with low up time, or in cases where technical failures occur, may miss blocks and as a result delegators will lose out on potential rewards.<br></p><hr><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high class staking opportunities. At the time of the latest update, more than 1.5 billion USD value is staked with P2P Validator by over 25,000 delegators across 40+ networks.</p><p><em>If you have any questions, feel free to join our<a href="https://t.me/P2Pstaking"> Telegram chat</a>, we are always open for communication.</em></p>

P2P Validator

from p2p validator

Cardano Yoroi Cardano (ADA) Staking Guide

<p>Before you start, make sure that you have downloaded the <a href="https://yoroi-wallet.com/#/" rel="nofollow noopener noreferrer">Yoroi browser extension</a> and created a wallet. The first thing you will want to do once you have created a Yoroi wallet is to send some ADA to it.</p><h2 id="send-ada-to-your-yoroi-wallet"><strong>Send ADA to your Yoroi Wallet</strong></h2><p>1. To find your receiving address, select "Receive". <br></p><figure class="kg-card kg-image-card"><img src="https://downloads.intercomcdn.com/i/o/370511950/0438020d732bb4c0435474a9/image.png" class="kg-image" alt loading="lazy"></figure><p>2.  Here you can generate a new address and copy your address by selecting the button displayed below (2). Always make sure that your address is copied properly.<br></p><figure class="kg-card kg-image-card"><img src="https://downloads.intercomcdn.com/i/o/370514146/aff3ef367ca9669351066b00/image.png" class="kg-image" alt loading="lazy"></figure><p>You will then use this receiver address to send your ADA from the wallet you are sending it from. Transfers are quick and you should see your ADA in less than a minute. Once the ADA has been transferred you will be able to view it in your dashboard.</p><figure class="kg-card kg-image-card"><img src="https://downloads.intercomcdn.com/i/o/370516395/dea6490176985e054424e799/image.png" class="kg-image" alt loading="lazy"></figure><p>You are now ready to Stake!</p><h2 id="delegate-to-validators"><br><strong>Delegate to Validators</strong></h2><p>1. Select "Delegation List"</p><figure class="kg-card kg-image-card"><img src="https://downloads.intercomcdn.com/i/o/370517334/62c80d0335f61d5be8f70792/image.png" class="kg-image" alt loading="lazy"></figure><p>2. Here you will find a list of validators to chose from. To find P2P Validator list of addresses input "P2P" in the text input field. Click on "Delegate" to select the pool you wish to stake with.<br></p><figure class="kg-card kg-image-card"><img src="https://downloads.intercomcdn.com/i/o/370519473/e30669f2b018d1b1aa323b57/image.png" class="kg-image" alt loading="lazy"></figure><p>3. The total amount of ADA in your account will be staked (your ADA are never locked and can be transferred out of your wallet at anytime). Simply type in your spending password and select "Delegate" to confirm the transaction.</p><figure class="kg-card kg-image-card"><img src="https://downloads.intercomcdn.com/i/o/370520334/00d1f50b44588b1602204ac1/Screenshot+2021-08-02+at+12.53.26.png" class="kg-image" alt loading="lazy"></figure><p>4. You will then receive a confirmation of your delegation transaction.</p><figure class="kg-card kg-image-card"><img src="https://downloads.intercomcdn.com/i/o/370521518/63679cfbc14a92ac84541369/Screenshot+2021-08-02+at+12.55.59.png" class="kg-image" alt loading="lazy"></figure><p>Thats it, now you can enjoy holding your ADA with the additional benefit of compounding them!</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high class staking opportunities. At the time of the latest update, more than 1.5 billion USD value is staked with P2P Validator by over 25,000 delegators across 25+ networks.</p>

Romain Van Der Cam

from p2p validator

Cardano How to delegate your ADA with Ledger Nano S/X

<h1 id="how-to-delegate-your-ada-with-ledger-nano-s-x"><strong>How to delegate your ADA with Ledger Nano S/X</strong></h1><p>This guide will walk you step-by-step through the process of delegation in Cardano using the ledger device.</p><hr><p>First of all <a href="https://www.ledger.com/ledger-live">download ledger live app</a> on your device, connect the ledger and <a href="https://support.ledger.com/hc/en-us/articles/360002731113">make sure it is up to date</a> with the actual version of firmware. Install Cardano app and check that the corresponding icon has appeared on the display of your ledger.</p><p>1. Go to <a href="https://adalite.io/">https://adalite.io/</a> and select hardware wallet as the preferred access method.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/mPTCCKj.png" class="kg-image" alt loading="lazy" width="2000" height="758" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/mPTCCKj.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/mPTCCKj.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/mPTCCKj.png 1600w, https://p2p.org/economy/content/images/2020/09/mPTCCKj.png 2048w" sizes="(min-width: 720px) 720px"></figure><p>2. Press <code>Unlock with Ledger</code> button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/YaJ8NQZ.png" class="kg-image" alt loading="lazy" width="2000" height="851" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/YaJ8NQZ.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/YaJ8NQZ.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/YaJ8NQZ.png 1600w, https://p2p.org/economy/content/images/2020/09/YaJ8NQZ.png 2274w" sizes="(min-width: 720px) 720px"></figure><p>3. Select the Cardano icon in your ledger and confirm the export of the address.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2aS4nQW.png" class="kg-image" alt loading="lazy" width="1058" height="1202" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2aS4nQW.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2aS4nQW.png 1000w, https://p2p.org/economy/content/images/2020/09/2aS4nQW.png 1058w" sizes="(min-width: 720px) 720px"></figure><p>4. Confirm the export of your keys with ledger. You may be asked to repeat the previous step and do it once more.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1kroT4z.png" class="kg-image" alt loading="lazy" width="928" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1kroT4z.png 600w, https://p2p.org/economy/content/images/2020/09/1kroT4z.png 928w" sizes="(min-width: 720px) 720px"></figure><p>5. Approve the export.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1gkdndG.png" class="kg-image" alt loading="lazy" width="1196" height="1124" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1gkdndG.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1gkdndG.png 1000w, https://p2p.org/economy/content/images/2020/09/1gkdndG.png 1196w" sizes="(min-width: 720px) 720px"></figure><p>6. After successful confirmation the wallet info will be available on your device. If you have ADA on your ledger go to step <code>#6</code>. If not, scroll down to the list of your addresses and send ADA to one of them.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/UWZKjSJ.png" class="kg-image" alt loading="lazy" width="1850" height="880" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/UWZKjSJ.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/UWZKjSJ.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/UWZKjSJ.png 1600w, https://p2p.org/economy/content/images/2020/09/UWZKjSJ.png 1850w" sizes="(min-width: 720px) 720px"></figure><p>7. Refresh the balance on the staking tab.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5DVCRGt.png" class="kg-image" alt loading="lazy" width="1872" height="804" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5DVCRGt.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5DVCRGt.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5DVCRGt.png 1600w, https://p2p.org/economy/content/images/2020/09/5DVCRGt.png 1872w" sizes="(min-width: 720px) 720px"></figure><p>8. In the Delegate stake field you can put our pool ID. <strong><strong>P2P Validator Pool:</strong></strong> <code>33c1bf1a04ba85d8fd6119a08ee7f4ad659add075e2208b28862a2a1</code> Wait for the appearance of pool info as on the screen below and press <code>Delegate</code> button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/fCn2ObX.png" class="kg-image" alt loading="lazy" width="1882" height="854" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/fCn2ObX.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/fCn2ObX.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/fCn2ObX.png 1600w, https://p2p.org/economy/content/images/2020/09/fCn2ObX.png 1882w" sizes="(min-width: 720px) 720px"></figure><p>9. In the confirmation window double check that the pool info is correct. You will need to reserve <strong><strong>2 ADA</strong></strong> to create a staking address on top of the transaction fee. You will be able to return the reserve if you cancel staking and won't be using that address any more. This functionality is currently unavailable in ADAlite wallet. Click <code>Confirm</code> Transaction.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/YViqQLW.png" class="kg-image" alt loading="lazy" width="1666" height="1090" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/YViqQLW.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/YViqQLW.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/YViqQLW.png 1600w, https://p2p.org/economy/content/images/2020/09/YViqQLW.png 1666w" sizes="(min-width: 720px) 720px"></figure><p>10. In the following step you will be asked to confirm registration of a staking key and delegation via ledger. On the ledger screen you will see the slot and epoch when the delegation is made. Press <strong><strong>both buttons</strong></strong> to continue.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/aQTqESn.png" class="kg-image" alt loading="lazy" width="1200" height="1068" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/aQTqESn.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/aQTqESn.png 1000w, https://p2p.org/economy/content/images/2020/09/aQTqESn.png 1200w" sizes="(min-width: 720px) 720px"></figure><p>11. Confirm the registration of a staking key.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/ghc5AKi.png" class="kg-image" alt loading="lazy" width="1196" height="1098" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/ghc5AKi.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/ghc5AKi.png 1000w, https://p2p.org/economy/content/images/2020/09/ghc5AKi.png 1196w" sizes="(min-width: 720px) 720px"></figure><p>12. Confirm the delegation itself. It will become active after two epochs (~10 days). In Cardano there is no slashing so your funds are safe.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/vTe2I2o.png" class="kg-image" alt loading="lazy" width="1194" height="958" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/vTe2I2o.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/vTe2I2o.png 1000w, https://p2p.org/economy/content/images/2020/09/vTe2I2o.png 1194w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>Congratulations! After completing all the steps you will see the updated info about your delegation in ADAlite wallet.</strong></strong></p><hr><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong><strong>3 </strong>b<strong>illion of USD</strong></strong> value. At the time of the latest update, P2P Validator is <strong><strong>trusted by over </strong>10,0<strong>00 delegators</strong></strong> across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></p>

Slava Yanchuk

from p2p validator

Cardano When will I start receiving my ADA rewards?

<h1 id="when-will-i-start-receiving-my-ada-rewards"><strong>When will I start receiving my ADA rewards?</strong></h1><p>Many of our community members have been asking around when they could start receiving rewards from delegated stake. And the short answer might be as follows: <strong><strong>you will begin receiving staking rewards three entire epochs after the epoch during which you delegated your ADA.</strong></strong> But let’s take a closer look at the delegation cycle.</p><hr><h2 id="delegation-cycle-explanation"><strong>Delegation Cycle Explanation</strong></h2><p>Below you can find a graph showing the delegation cycle on the <a href="https://cardano.org/">Cardano</a> network.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/ApO8ZLR.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/ApO8ZLR.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/ApO8ZLR.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/ApO8ZLR.png 1600w, https://p2p.org/economy/content/images/2020/09/ApO8ZLR.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>First we need to determine a starting point. For example, <code>P2P</code> stake pool was registered on 11 August 2020. Thus, if you had delegated during the <code>210</code> epoch your stake would have been counted in the snapshot on the <code>210-211</code> epochs boundary.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2.png 1600w, https://p2p.org/economy/content/images/2020/09/2.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>Once the snapshot is taken, we have to wait for the current epoch to be finished so that the stake becomes <strong><strong>active.</strong></strong> In our case we are going to wait for the <code>212</code> epoch.</p><p>During the <code>212</code> epoch the snapshotted stake becomes <strong><strong>active</strong></strong> and participates in the <strong><strong>block minting process</strong></strong> according to the Ouroboros consensus engine logic.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3.png 1600w, https://p2p.org/economy/content/images/2020/09/3.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>In the following <code>213</code> epoch, the rewards will be calculated properly according to the stake size of each delegator.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4.png 1600w, https://p2p.org/economy/content/images/2020/09/4.png 1630w" sizes="(min-width: 720px) 720px"></figure><p>Finally, you will be rewarded for your patience on the first day of the next epoch. In the <code>P2P</code> case it will be <code>214</code> epoch on August 28.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5.png" class="kg-image" alt loading="lazy" width="1630" height="1182" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5.png 1600w, https://p2p.org/economy/content/images/2020/09/5.png 1630w" sizes="(min-width: 720px) 720px"></figure><h2 id="takeaways"><strong>Takeaways</strong></h2><ol><li>Cardano is a long term investment so you have to make a decision about delegation/redelegation with caution.</li><li>You can terminate the delegation process at any moment by sending your funds from the staking wallet to a new wallet that wasn’t used for delegation. In this case you will not be rewarded for this epoch.</li><li>Once you make a change, for instance you added new funds to the staking wallet, the added stake will go through the delegation cycle from the very beginning.</li><li>Making change is a simple and safe process as any other normal transaction on the blockchain.</li></ol><hr><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong>3<strong> </strong>b<strong>illion of USD</strong></strong> value. At the time of the latest update, P2P Validator is <strong><strong>trusted by over </strong>10,0<strong>00 delegators</strong></strong> across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><hr><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot"><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></a></p><p><br></p>

Slava Yanchuk

from p2p validator

Cardano How to restore your ADA from previous legacy wallets using Daedalus

<h1 id="how-to-restore-your-ada-from-previous-legacy-wallets-using-daedalus"><strong>How to restore your ADA from previous legacy wallets using Daedalus</strong></h1><p>This guide is designed to help you to restore your ADA from legacy Daedalus, Yoroi or Hardware wallets.</p><blockquote><em><em>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the ‘Import selected wallet’ button and follow the instructions.</em></em></blockquote><h2 id="create-a-new-daedalus-wallet"><strong>Create A New Daedalus Wallet</strong></h2><p>First of all, you need to create a new Daedalus wallet to load your funds from a legacy one. Ensure that you have the latest version of the wallet or download it from offical <a href="https://daedaluswallet.io/#download">Daedalus wallet</a> page.</p><p>1. After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1.png" class="kg-image" alt loading="lazy" width="1909" height="997" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/1.png 1600w, https://p2p.org/economy/content/images/2020/09/1.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>2. Enter the name and password for the Wallet.</p><p>3. Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-1.png" class="kg-image" alt loading="lazy" width="1909" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-1.png 1600w, https://p2p.org/economy/content/images/2020/09/2-1.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>At the next step, you will be prompted on how to use the 24-word Recovery Phrase. <strong><strong>Read it carefully since if you lose your wallet recovery phrase you will not get a chance to take your ADA back.</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-1.png" class="kg-image" alt loading="lazy" width="1914" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-1.png 1600w, https://p2p.org/economy/content/images/2020/09/3-1.png 1914w" sizes="(min-width: 720px) 720px"></figure><p>Next, you have to verify the 24-word Recovery Phrase you have just got from the system.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-1.png" class="kg-image" alt loading="lazy" width="949" height="445" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-1.png 600w, https://p2p.org/economy/content/images/2020/09/4-1.png 949w" sizes="(min-width: 720px) 720px"></figure><p>Wait for the wallet to be synced and then you can use it for new transactions or for moving your funds from restored legacy wallets.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-1.png" class="kg-image" alt loading="lazy" width="1918" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-1.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/5-1.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/5-1.png 1600w, https://p2p.org/economy/content/images/2020/09/5-1.png 1918w" sizes="(min-width: 720px) 720px"></figure><h2 id="restore-legacy-wallet"><strong>Restore Legacy Wallet</strong></h2><p>1. Click the <code>hamburger</code> icon to open the side-panel and click <code>Add wallet</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6.png" class="kg-image" alt loading="lazy" width="1915" height="1012" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6.png 1600w, https://p2p.org/economy/content/images/2020/09/6.png 1915w" sizes="(min-width: 720px) 720px"></figure><p>2. Click the <code>Restore</code> button and select the type of the wallet. There are quite a few options you can use to restore the funds:</p><ul><li>You can restore your ADA from an older version of Daedalus such as <strong><strong>Bayron legacy, Shelley legacy or Bayron paper wallets.</strong></strong></li></ul><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7.png" class="kg-image" alt loading="lazy" width="945" height="805" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7.png 600w, https://p2p.org/economy/content/images/2020/09/7.png 945w" sizes="(min-width: 720px) 720px"></figure><p>If you have used <strong><strong>Yoroi</strong></strong> wallet and now for some reason would like to try Daedalus, you can employ the “Restore Yoroi wallet” feature to move your funds to a newly created Daedalus wallet.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8.png" class="kg-image" alt loading="lazy" width="942" height="754" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8.png 600w, https://p2p.org/economy/content/images/2020/09/8.png 942w" sizes="(min-width: 720px) 720px"></figure><p>You can also restore your funds from <strong><strong>Hardware wallets</strong></strong> such as <strong><strong>Ledger (Byron legacy wallet)</strong></strong> or <strong><strong>Trezor (Byron legacy wallet).</strong></strong> However, read the recommendations provided by IOHK team carefully to avoid exposing your hardware wallet private keys to security risks.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9.png" class="kg-image" alt loading="lazy" width="943" height="903" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9.png 600w, https://p2p.org/economy/content/images/2020/09/9.png 943w" sizes="(min-width: 720px) 720px"></figure><p><strong><strong>Overall, the process is the same for each kind of wallet:</strong></strong></p><ol><li>Go to the main dashboard and click <code>Add wallet</code> → <code>Restore</code>.</li><li>You will be prompted to select a type of legacy wallet. Select the one required and click <code>Continue</code>.</li><li>Enter Recovery phrase, Wallet Name and Password to restore the wallet.</li><li>Wait while your wallet syncs to see the legacy wallet and its balance in the user interface.</li><li>Transfer ADA to newly created Daedalus wallet.</li></ol><blockquote><em><em>Please keep in mind there will be a small fee in ADA to make a transfer from Bayron legacy to the new Shelley wallet.</em></em></blockquote><p><strong><strong>Once you have your funds in the newly created Daedalus wallet you can safely delegate them to a stake pool to start earning rewards</strong></strong></p><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong>3<strong> </strong>b<strong>illion of USD</strong></strong> value. At the time of the latest update, P2P Validator is <strong><strong>trusted by over </strong>10,0<strong>00 delegators</strong></strong> across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot"><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></a></p>

Slava Yanchuk

from p2p validator

Cardano How to delegate ADA (Cardano) using Daedalus wallet

<p>This guide explains how to start delegating ADA (Cardano) and earning rewards with the official full node Daedalus wallet.</p><hr><h2 id="install-daedalus"><strong>Install Daedalus</strong></h2><ol><li>Go to <a href="https://daedaluswallet.io/#download">Daedalus wallet</a> page and download the latest version of the wallet</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/1-9.png" class="kg-image" alt loading="lazy" width="1345" height="790" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/1-9.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/1-9.png 1000w, https://p2p.org/economy/content/images/2020/09/1-9.png 1345w" sizes="(min-width: 720px) 720px"></figure><p>2.   After the download is completed, unpack and install Daedalus wallet on your system.</p><p>3.   Once the installation is done, launch the Daedalus app and go through simple steps such as: select your language, read and accept the terms and conditions etc.</p><p>4.   Wait for Daedalus to sync. Since the blockchain is over 6GB it could take hours depending on your internet speed.</p><p>5.   After the sync is over, you can proceed with the next steps.</p><blockquote><em><em>There might be issues with connections to the Cardano network, please see <a href="https://iohk.zendesk.com/hc/en-us/articles/360010522913">https://iohk.zendesk.com/hc/en-us/articles/360010522913</a></em></em></blockquote><h2 id="create-a-new-daedalus-wallet"><strong>Create A New Daedalus Wallet</strong></h2><ol><li> After the sync has reached 100%, go to the dashboard and click the <code>Create</code> button.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/2-13.png" class="kg-image" alt loading="lazy" width="1909" height="997" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/2-13.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/2-13.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/2-13.png 1600w, https://p2p.org/economy/content/images/2020/09/2-13.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>2.   Enter the name and password for the Wallet.</p><p>3.   Create a spending password which will be required every time you do a transaction and click <code>Create Shelley wallet</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/3-10.png" class="kg-image" alt loading="lazy" width="1909" height="1000" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/3-10.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/3-10.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/3-10.png 1600w, https://p2p.org/economy/content/images/2020/09/3-10.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>4.   At the next step, you will be prompted on how to use the 24-word Recovery Phrase. <strong><strong>Read it carefully since if you lose your recovery phrase wallet you will not get a chance to take your ADA back.</strong></strong></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/4-12.png" class="kg-image" alt loading="lazy" width="1914" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/4-12.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/4-12.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/4-12.png 1600w, https://p2p.org/economy/content/images/2020/09/4-12.png 1914w" sizes="(min-width: 720px) 720px"></figure><p>5.   Next, you have to verify the <strong><strong>24-word Recovery Phrase</strong></strong> you have just got from the system.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/5-6.png" class="kg-image" alt loading="lazy" width="949" height="445" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/5-6.png 600w, https://p2p.org/economy/content/images/2020/09/5-6.png 949w" sizes="(min-width: 720px) 720px"></figure><p>6.    Wait for the wallet is synced and you can use it for new transactions or for moving your funds from restored legacy wallets.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/6-3.png" class="kg-image" alt loading="lazy" width="1918" height="1009" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/6-3.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/6-3.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/6-3.png 1600w, https://p2p.org/economy/content/images/2020/09/6-3.png 1918w" sizes="(min-width: 720px) 720px"></figure><blockquote><em><em>For those who have the previous Daedalus version wallets installed, there is an import feature which runs automatically and detects installed legacy wallets. Just select the wallets, click the <code>Import selected wallet</code> button and follow instructions.</em></em></blockquote><p><br><strong>Delegate To A Stake Pool</strong></p><ol><li>Once you have some ADA in the newly created wallet you can delegate them to the stake pool.</li></ol><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/7-2.png" class="kg-image" alt loading="lazy" width="1912" height="648" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/7-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/7-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/7-2.png 1600w, https://p2p.org/economy/content/images/2020/09/7-2.png 1912w" sizes="(min-width: 720px) 720px"></figure><p>2.    Click on the network icon in the left side panel to open the delegation centre.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/8-2.png" class="kg-image" alt loading="lazy" width="1909" height="961" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/8-2.png 600w, https://p2p.org/economy/content/images/size/w1000/2020/09/8-2.png 1000w, https://p2p.org/economy/content/images/size/w1600/2020/09/8-2.png 1600w, https://p2p.org/economy/content/images/2020/09/8-2.png 1909w" sizes="(min-width: 720px) 720px"></figure><p>3.   Select the wallet which holds the ADA you wish to delegate to a stake pool and click the <code>Delegate</code> button.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/9-4.png" class="kg-image" alt loading="lazy" width="952" height="528" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/9-4.png 600w, https://p2p.org/economy/content/images/2020/09/9-4.png 952w" sizes="(min-width: 720px) 720px"></figure><p>4.   The dialogue window will appear where you will be prompted with steps you need to go through. Click <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/10-3.png" class="kg-image" alt loading="lazy" width="955" height="583" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/10-3.png 600w, https://p2p.org/economy/content/images/2020/09/10-3.png 955w" sizes="(min-width: 720px) 720px"></figure><p>5.    Choose a wallet with funds you want to delegate and click <code>Continue</code>.</p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/11-1.png" class="kg-image" alt loading="lazy" width="946" height="823" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/11-1.png 600w, https://p2p.org/economy/content/images/2020/09/11-1.png 946w" sizes="(min-width: 720px) 720px"></figure><p>6.   Search the <strong><strong>“P2P”</strong></strong> pool ticker if you want to delegate to P2P Validator stake pool, select and click <code>Continue</code></p><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/12-1.png" class="kg-image" alt loading="lazy" width="943" height="697" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/12-1.png 600w, https://p2p.org/economy/content/images/2020/09/12-1.png 943w" sizes="(min-width: 720px) 720px"></figure><figure class="kg-card kg-image-card"><img src="https://p2p.org/economy/content/images/2020/09/13-1.png" class="kg-image" alt loading="lazy" width="946" height="619" srcset="https://p2p.org/economy/content/images/size/w600/2020/09/13-1.png 600w, https://p2p.org/economy/content/images/2020/09/13-1.png 946w" sizes="(min-width: 720px) 720px"></figure><p>7.   Enter your spending password, confirm the delegation and enjoy rewards.</p><blockquote><em><em>Please keep in mind that your delegation will be counted two epochs later. Each epoch is exactly five days long. Therefore, you will begin receiving staking rewards after 10 days. You can track rewards under the <code>Rewards</code> tab.</em></em></blockquote><h1 id="about-p2p-org"><strong>About P2P.org</strong></h1><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading <strong><strong>non-custodial staking provider</strong></strong> with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only top-notch staking opportunities securing more than <strong>3<strong> </strong>b<strong>illion of USD</strong></strong> value. At the time of the latest update, P2P Validator is <strong><strong>trusted by over </strong>10,000<strong> delegators</strong></strong> across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our <strong><strong>reputation</strong></strong>. We pay special attention to the process of <strong><strong>governance</strong></strong>.</p><blockquote><em><em>Our aim is to provide a secure and reliable service at the lowest cost <strong><strong>maximizing rewards for our delegators</strong></strong>.</em></em></blockquote><hr><p>Do not hesitate to ask questions in our <a href="https://t.me/P2Pstaking">Telegram</a> chat or contact Slava via [email protected] We are always open for communication.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot"><a href="https://t.me/P2Pstaking">https://t.me/P2Pstaking</a></a></p>

Slava Yanchuk

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