What is a CardanoStake Pool and how does it work?

When you hold ADA on the Cardano network, it serves as a stake in the network, with the size of the stake proportional to the amount of ADA held. The capacity to delegate a stake is significant to how Cardano operates.

Cardano is a proof of stake (PoS) blockchain, so an ADA holder has a right to earn rewards by delegating their ADA to a stake pool. These rewards are minted as additional supply of ADA and added to the circulation.

Participation in Cardano stake pool LEGA enables you and other delegators to join and unite your assets as a way to increase your chances of being rewarded. Stake delegation this will allows you to participate in the Cardano network even if you do not have any skills in operating a validator node.

In simple terms, everyone delegates their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the rewards.

How often do delegators receive Cardano staking rewards?

In epoch 4 from the delegation time you will be receiving the rewards. Delegators start receiving rewards 15-20 days after delegating to the pool depending on the timing of your delegation. Accordingly, there is no reason to be alarmed if rewards do not appear right away — this is by design. Please feel free to contact us and we will help you determine the arrival of your first rewards.

What is CardanoStake Pool and how does it work?Is staking ADA in a pool safe and worth it?

Cardano addresses have separate keys for spending and staking, which means that if you decide to stake your ADA, they will never leave your wallet.

In addition, it doesn’t require your ADA to be locked in for a term, meaning you can add or remove your ADA from the pool at any time.Do not worry, the stake pool operator does not have any control over your funds or wallet. In simple words, you are in full control.

Staking ADA provides delegators with rewards - in addition to the potential market price gains. That's what makes it worth it. The more ADA you stake, the more rewards you can earn.