ADA (Cardano) can be stake
The ADA (Cardano) can be stakes.
native tokens issued by the blockchain protocol Cardano .
Features of ADA (Adacoin):
・Charles Hoskinson, co-developer of ETH, a native token of a decentralized application development platform called
Cardano , was developed to solve the problems of Proof of Work (
PoW ).・ Based on Proof of Stake ( PoS ) , Performed based on the Uroboros Consensus Protocol
As a merit of staking ADA (Cardano) ,
- Just deposit ADA in a validator and you will be rewarded with ADA
- ADA can be refunded at any time as there is no lock period
- By holding a certain amount of ADA, you may get air drops etc.
And so on.
On the other hand, if you stake ADA, you need to be careful because there is a risk that the value of the deposited assets will decrease.
So, I will write the conclusion of this article first.
- ADA staking has a relatively low yield of 4% to 10%
- Binance and Yoroi are recommended for staking ADA
- If you want to buy ADA, Binance is recommended.
open a Binance account.
ADA staking rate / yield
The interest rate (expected yield) of staking of ADA is about 4% to 10% (as of March 2022).
Please note that the interest rate for staking changes in real time.
Staking Rewards , the interest rate of the validator, which is the depository for ADA staking, is around 5%.
ADA staking method
There are two main ADA staking methods.
- Use Binance ‘s staking function (regular staking) (for beginners)
- Yoroi (for intermediate and above)
Binance , all you have to do is open a Binance account and deposit ADA, so you can easily start staking. Therefore, Binance staking is for beginners.
On the other hand, if you want a higher yield than Binance ‘s staking, we recommend staking with your own wallet , Yoroi .
The features of each are as follows.
| Steak method | yield | Validator choice |
| Binance ‘s staking function | About 8% | None |
| Steak in Yoroi | About 10% | Yes |
Binance ‘s staking yield is higher for Yoroi , who has a slightly more difficult staking method . Also, with TYoroi , you can freely select a validator (delegator) to deposit your ADA.
If you want to try staking from now on, let’s use Binance ‘s staking function first .
How to Steak ADA with Binance
Steaking ADA with Binance is easy.
The specific procedure is the following 5 steps.
- Buy ADA with Binance
- ADA for regular staking of ADA in Binance
Buy ADA with Binance
First, let’s open a BINANCE account.
Once you have opened your BINANCE account, complete STEP 1 to verify your identity in order to start trading.
STEP1 is
- passport
- driver’s license
There is no problem if you have identity verification documents such as.
You can verify your identity up to STEP2, where you submit your resident card, but STEP1 alone is fine
Binance ‘s regular staking
Finally, stake the converted ADA with Binance ‘s regular staking feature.
Regular staking is a staking service that gives you APY (yield) just by depositing with Binance .
Participation condition is to own at least the minimum quantity of the brand you want to stake.
The minimum number of regular ADA stakings is 0.001 ADA.
Binance app.
- Tap “Revenue” → “Acquire products” at the bottom right of the app
↓ - Tap “Register” for ADA regular staking
↓ - Enter the ADA you have and tap “Register”
The staking reward will be reflected on the app from the next day.
How to Steak ADA with Yorori
Yoroi , which is a unique wallet .
Yoroi is the following 6STEP.
- Register with
Yorori ↓ - ADA to
Yoroi ↓ - Select a validator with Shelly wallet
↓ - Perform staking
Register with Yorori
Yoroi is a unique wallet that can be connected to the Cardano blockchain.
First, let’s set Yoroi .
Yoroi can be used immediately by downloading the Chrome extension and saving the password phrase and so on.
Be sure to keep the password phrase you obtained when you issued your account so that you do not lose it.
ADA to Yoroi
the ADA prepared by Binance to Yoroi .
At this time, enter the wallet address on the Yoroi side into the remittance destination address to remit.
Be sure to make a test remittance before remittance
Tap “Add Withdrawal Address” to register the copied remittance address (or screenshot QR code) as the remittance destination of Binance .
registering the remittance destination, let’s send the test remittance.
Depending on the amount of remittance , the remittance will be completed within 1 to 5 minutes after you apply for the remittance.
Select a validator to stake
ADA with Yoroi , you need to select a validator to stake.
A validator is an organization that operates a node that approves ADA transaction processing.
In ADA that uses PoS (Proof of Stake), the remittance process is completed by verifying the transaction by the node operated by the validator. These validators are rewarded from commissions and liquidity pools by verifying transactions, some of which are also rewarded to us as staking rewards.
On the other hand, Yoroi has multiple validators, each with different expected yields, so you may not know which one to choose.
In conclusion, it doesn’t make a big difference which validator you choose, but if you want to increase your staking rewards, choose a validator with the highest expected yield.
Note that you should not select a validator that is not running (in the INACTIVE column) . This is because staking with a non-working validator does not generate a staking reward.
Since the expected yield of validators is updated from time to time, it is recommended to distribute and stake to the top 3 to 5 validators that offer the highest yield.
Steak ADA
Once you have decided on the validator to stake and the amount of staking, you will actually stake.
Tap the validator, enter the staking amount, and finally press the staking approval button.
Tap the staking button and the staking procedure is complete.
Recommended staking brands other than ADA
Finally, I would like to introduce recommended staking brands other than ADA.
| No. | Brand | Expected yield | Recommendation degree | comment |
| 1 | Cosmos / ATOM | 9.70% | ★★★★★ | Steak is possible with Trust Wallet. Required for Cosmos |
| 2 | CAKE | 36.60% | ★★★★ ☆ | Steak is possible with pancake swap, which is a DEX (decentralized exchange). It features a very high expected yield. |
| 3 | AVAX | 9.69% | ★★★★★ | Avalaunch token with excellent high-speed processing called “Etherium Killer” . Expectations are high for the price of the ecosystem in the future, such as being adopted by the Deloitte Group, a major audit corporation. |
| Four | Polygon | 9.80% | ★★★★★ | A token whose price has increased 114 times in 2021. Brands whose prices are expected to rise further in line with the expansion of areas of interest such as dApps , DeFi , and NFT. |
| Five | DOT | 10.30% | ★★★★★ | ETH’s second layer chain token. Prices have skyrocketed as ETH has expanded due to DeFi and NFT. |
The yield of ADA introduced this time is about 4% to 10%.
Cosmos (ATOM) and AVAX can be expected to yield more than ADA.
we recommend the CAKE / ADA pair , which allows you to stake with DEX (decentralized exchange) pancake swaps . The yield is about 40% , which is by far the highest among staking brands.
Keep in mind, however, that the higher the expected yield, the higher the risk.
Summary about staking of ADA
Finally, I will summarize this article.
- ADA staking has a relatively low yield of 4% to 10%
- Binance and Yoroi are recommended for staking ADA
- If you want to buy ADA, BITPOINT or Binance is recommended.
ADA, open a Binance account first !
