This guide will walk you step-by-step through the process of delegation in Cardano using the ledger device.
First of all download ledger live app on your device, connect the ledger and make sure it is up to date with the actual version of firmware. Install Cardano app and check that the corresponding icon has appeared on the display of your ledger.
1. Go to https://adalite.io/ and select hardware wallet as the preferred access method.
2. Press Unlock with Ledger
button.
3. Select the Cardano icon in your ledger and confirm the export of the address.
4. Confirm the export of your keys with ledger. You may be asked to repeat the previous step and do it once more.
5. Approve the export.
6. After successful confirmation the wallet info will be available on your device. If you have ADA on your ledger go to step #6
. If not, scroll down to the list of your addresses and send ADA to one of them.
7. Refresh the balance on the staking tab.
8. In the Delegate stake field you can put our pool ID. P2P Validator Pool: 33c1bf1a04ba85d8fd6119a08ee7f4ad659add075e2208b28862a2a1
Wait for the appearance of pool info as on the screen below and press Delegate
button.
9. In the confirmation window double check that the pool info is correct. You will need to reserve 2 ADA 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 Confirm
Transaction.
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 both buttons to continue.
11. Confirm the registration of a staking key.
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.
Congratulations! After completing all the steps you will see the updated info about your delegation in ADAlite wallet.
P2P Validator is a world-leading non-custodial staking provider 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 3 billion of USD value. At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance.
Our aim is to provide a secure and reliable service at the lowest cost maximizing rewards for our delegators.
Do not hesitate to ask questions in our Telegram chat or contact Slava via [email protected]. We are always open for communication.
Web: https://p2p.org
Twitter: @p2pvalidator
Telegram: https://t.me/P2Pstaking
<h4 id="7th-september-2020-p2p-validator-is-delighted-to-announce-their-grant-work-on-connecting-the-polkadot-and-filecoin-ecosystems-by-creating-an-etl-solution-with-unified-api-together-with-web3-foundation-and-protocol-labs-"><strong>7th September 2020 - P2P Validator is delighted to announce their grant work on connecting the Polkadot and Filecoin ecosystems by creating an ETL solution with unified API , together with Web3 Foundation and Protocol Labs.</strong></h4><p>Over the past few years, the world has seen the rise of blockchain interoperability; with the attraction DeFi tools and platforms are getting nowadays, the idea of making the blockchain world more interoperable has become ingrained. The blockchain ecosystem has already attracted thousands of software developers working on different things - applications, wallets, dashboards, explorers - but by inserting interoperability into this equation brings an additional challenge.</p><p>Imagine a situation where a user moves a chain A asset through bridge B to parachain X to open a Collateralized Debt Position (CDP), then uses received stablecoin to long a synthetic asset from parachain D on a margin trade chain E. Ten years ago this could sound like nonsense - but this is a reality now. To make efficient applications that would allow this behavior - the developers need appropriate tools.</p><p><em><em>"Default blockchain node interfaces are usually unsuited for complex or historical data queries. That makes building application on top of blockchains a complicated affair - you need to build your own data layer first. Interchain communication aggravets that problem even more"</em></em>, says Vasiliy Shapovalov, CTO of P2P Validator. <em><em>"Our goal is to exctract, clean, enrich, transform, and serve the blockchain data in way that will allow users to to merge several application-specific interchain requests in the single one."</em></em></p><p>To begin this journey, we've decided to create an ETL solution for blockchains with a GraphQL API for the collected data. The solution aims to add value and decrease development costs for every company or individual who is working on application development. GraphQL as an API query language has been chosen to unify the data interface to simplify the development process and provide the best quality real-time data for applications.</p><p>As a validator, we have a unique opportunity to develop such a system:</p><ul><li>we have developed our dashboards and other tools that require a deep dive into specific blockchain's architecture</li><li>blockchain node management does not add costs to the solution as we already maintain them</li><li>we are familiar with a variety of blockchains</li><li>we are trusted by more than 2000 users staking their assets with us</li></ul><p>Although our ultimate goal is to provide a high-quality data source for lots of blockchains, we've chosen Polkadot and Filecoin to be the pioneers in this project. We would love to see services that would utilize this solution and supply a justified demand for more blockchains to be added as data sources.</p><p><em><em>“We are excited to work together with Protocol Labs and P2P validator to create an interoperability-first data warehouse across all kinds of different blockchains. This will make it easier to integrate with different blockchains and ultimately help the entire ecosystem ”</em></em>, says David Hawig, Grants Lead at Web3 Foundation.</p><p><em><em>"In collaboration with Web3 Foundation we’re delighted to support P2P Validator as they build an ETL solution to simplify the process of building wallets, dashboards, explorers and apps that interact with multiple blockchains connected through interchain communication protocol"</em></em>, says Eva Shon, Grants Coordinator at Protocol Labs.</p><p>Stay in touch with us and visit our website and GitHub to know more!</p><h3 id="about-web3-foundation"><strong>About Web3 Foundation</strong></h3><p><a href="https://web3.foundation/?ref=p2p.org">Web3 Foundation</a> funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland, by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation's flagship project.</p><h3 id="about-protocol-labs"><strong>About Protocol Labs</strong></h3><p><a href="https://protocol.ai/?ref=p2p.org">Protocol Labs</a> is an open-source research, development, and deployment laboratory. Protocol Labs' projects include IPFS, Filecoin, libp2p, and many more. Protocol Labs aim to make human existence orders of magnitude better through technology.</p><h3 id="about-p2p-validator"><strong>About P2P Validator</strong></h3><p><a href="https://p2p.org/?utm_source=blog&utm_medium=announcement&utm_campaign=polkadot_grant_announcement">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high-class staking opportunities securing more than 3 billion of USD value. At the time of the lastest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks.</p><p></p><hr><p></p><p><strong>Web</strong>: <a href="https://p2p.org/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a></p>
from p2p validator
<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/?ref=p2p.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/?ref=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?ref=p2p.org">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/?ref=p2p.org">https://p2p.org</a></p><p><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator?ref=p2p.org">@p2pvalidator</a></p><p><strong>Telegram</strong>: <a href="https://t.me/P2P/polkadot?ref=p2p.org"><a href="https://t.me/P2Pstaking?ref=p2p.org">https://t.me/P2Pstaking</a></a></p><p><br></p>
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