Delegating Using Daedalus Wallet
Delegating to our pool is easier than you may think. Although, intimidating it will be well worth moving in the right direction to make money on your ADA. Cardano is a proof of stake
(PoS) blockchain. This means you can stake your ADA to our pool and increase your asset using our infrastructure.
Once you have installed the latest version of Daedalus, synced your wallet with the blockchain, and have your ada stored in your wallet, you can start the process of delegating your stake.
Once your ada is in your Daedalus Shelley mainnet wallet, you can start the delegation process. We go through this step-by-step below:
- On the left of your Daedalus wallet, click the network icon. This takes you into the delegation center;
- Once you are in the delegation center, you will see a list of your wallets. Select the wallet which holds the ada you wish to delegate to a stake pool. Click the ‘Delegate’ link;
- Now, a lightbox will appear which lists the steps required to delegate your ada. Click continue, where you will be prompted to choose a wallet;
- Select your wallet, and click continue. Here, you will now need to choose the Digital Underground Pools stake pool.
The Pool is. Ticker: DigiU Pool id: 12b17458543e3cd8436aec7d6cc075
Once you have chosen a pool, you will need to enter your spending password and pay a small fee in ada to delegate to it. Do not worry, the stake pool operator does not have control over your funds, and you always keep your ada;
Once it is successful, you will receive a message congratulating you on delegating your stake. You will have to wait for two epochs for your staking preferences to update on the Cardano blockchain.