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Can I stake Ada directly from my Ledger hardware wallet?

I created a short guide where you can see how you could delegate to a stake pool directly from your Ledger Hardware Wallet: Staking ADA with adalite.io Adalite made this possible very fast. I hope this prevents some people to move their funds unnecessarily from their hardware wallet. Greetings to all 122 comments share save hide report 99% Upvoted

How are ADA staking rewards distributed?

With the launch of Staking in July 2020, there are ~13.8 billion ADA reserved as stake incentives for participants. Each epoch (5 days) the protocol distributes 0.3% of this total reserve pool between all active stakers. Therefore rewards are being distributed every 5 days and compound automatically.

How do I stake my Ada?

Delegating your stake will be done within your wallet. It will be as easy as selecting a drop-down. You don’t need to trust a pool, the rewards are distributed by the protocol, not by the pool. You can stake your ADA with hardware wallets and even with paper wallets.

How are stake pools rewarded for staking Ada?

Therefore, stake pool operators are rewarded for running the protocol in the form of incentives that come from the transaction fees and from inflation of the circulating supply of ADA. Is there any risk or lock-up for staking ADA?

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