2 min read

Cardano - How To Stake $ADA Tokens with Luganodes

Cardano Staking Guide

Cover Image

Published on

5 Oct, 2022

Cardano is a peer-reviewed third-generation Proof of Stake blockchain that was launched back in September 2017.

ADA is the native token of Cardano and can be used as a store of value, for paying transaction fees on the Cardano network, and for staking.‍

In this guide, we’ll show you how to delegate your ADA tokens with Luganodes and start earning ~3.5%, in a few simple steps.

Validator Details:

Validator Name: Pool [LGNS1] Luganodes #1

Wallet Address/ Pool ID: pool1qvudfuw9ar47up5fugs53s2g84q3c4v86z4es6uwsfzzs89rwha

Blockexplorer Link: https://cexplorer.io/pool/pool1qvudfuw9ar47up5fugs53s2g84q3c4v86z4es6uwsfzzs89rwha/

Unbonding time:

  • Unbonding period is a timeframe in which the funds are locked when you unstake
  • The is no unbonding period on Cardano.

*Note: With Cardano, you can only delegate your full wallet amount.

Step 1 — Access Your ADA Compatible Wallet Click the
Delegation List tab

  • To stake ADA you will need a Cardano wallet and ADA tokens available. For this guide, we are using the Yoroi light wallet browser extension
  • Install the wallet and deposit your ADA tokens as needed

2car_FqJ4MpGICvbmw16105jRHw.webp

Step 2 — Click the Delegation List tab

3car_j0YS2k7pQ7nYf8PA_N69sw.webp

Step 3 — Choose a Luganodes ADA Stake Pool

  • Enter Luganodes in the Search and click the green search button
  • Click the Delegate button

4car__i6mjWDoEKUKivgckqsoYg.webp

Step 4 — You will see a Processing popup and then the CONFIRM TRANSACTION window

5car_Iu4by3-on3n1dL5WQCQNnQ.webp

Step 5 — Confirm Your ADA Delegation

  • Enter your Spending password and click DELEGATE
  • Once the transaction has been completed, you will see the SUCCESSFULLY DELEGATED popup

6car_DgscNWBfZKwrUthAQhFv7A.webp

Step 6 — Check Your Cardano Dashboard

  • Click the DASHBOARD PAGE button
  • This will take you back to your wallet Dashboard
  • Click the refresh icon to update Your Summary

7car_B9Z4vnS3FkoMK9mBATokPA.webp

Step-by-Step Unstaking Guide:

Step 1— Check Your Cardano Dashboard

  • Here, you can see your delegated amount
  • Click on Withdraw to unstake your assets

8car_BoH4gquO6hOihFKqw6ko0A.webp

Step 2— Click on I Understand and Deregister

9car_zg-mxqA_f0bDUPGUFMzfiA.webp Link

Step 3— Confirm the transaction

  • Enter your password and Click on Confirm

10car_7irfBVX5NmkvE_P5Veql3A.webp

Step 4— Check your transactions and unstaked amount

  • Click on Transactions to check your transactions

11car_1VMPLHvPBr57U9qNcFixGw.webp

  • Click on Dashboard to check the total unstaked amount in your wallet

12car_B8ONpMAvVfCBw-Lm_As69A.webp

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 36+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

Staking Guides

Blog thumbnail
Dymension — Delegate $DYM Tokens with Luganodes for RewardsDive into the world of Dymension, a network famed for its modular blockchains called RollApps, and discover how to leverage your $DYM tokens for rewards. This guide provides a step-by-step process for delegating your $DYM tokens with Luganodes, a trusted validator within the Dymension ecosystem. By following these simple instructions, you can start earning rewards and contribute to the security and efficiency of the network. Unlock the full potential of your $DYM tokens by staking with Luganodes today.
13 Feb, 2024

2 min read

Blog thumbnail
Persistence — How to Stake $XPRT Tokens with LuganodesPersistence is an innovative Layer-1 blockchain designed to facilitate a range of financial products and services. It's known for its robust ecosystem that includes NFT marketplaces, liquid staking, and DeFi solutions. This guide will provide you with clear instructions on how to delegate your $XPRT tokens with Luganodes. By staking your $XPRT tokens, you can earn rewards and become an integral part of the thriving Persistence community. Follow these simple steps to start staking your $XPRT tokens and explore the diverse opportunities within the Persistence network.
14 Jan, 2024

2 min read

Subscribe to get our latest updates!

New products & networks supported, staking research, blog updates, and exclusive offers directly in your inbox.

By subscribing, I accept the privacy policy.
Line pattern
© 2024 Luganodes | All rights reserved