ADA staking method (delegation method): Daedalus
Daedalus Wallet is the official Cardano wallet that allows you to store and manage your Cardano Ada coins (Cardano/ADA) securely on your computer. The Daedalus Wallet has a delegation function to participate in Cardano staking, so people who actually store their ADA in the Daedalus Wallet can delegate to the staking pool and receive staking rewards based on their ADA holdings. In the future, the Cardano network will also be able to offer this service. It is also one of the most important wallets for ADA holders, as it will include a voting system that will allow them to vote on proposals for the development of the Cardano network in the future.
1. Access to "Daedalus Wallet Official Website
First of all, please go to " Daedalus Wallet Official Website " and click the "Download" button in the centre.
2. download Daedaluswallet
Download the Daedalus wallet for your computer's operating system (Mac, Linux or Windows)
3. run the installer
Double click on the downloaded exe file
4. daedalus Mainnet setup
Select a destination folder and install
5. setup complete
When the installation is complete, click 'Close'.
6. start Daedalus Mainnet
Launch the wallet by clicking on the DaedalusMainnet shortcut icon created on your desktop.
7. configuration check
Check your language and other settings and click 'Continue'.
No need to change anything.
8. confirm terms and conditions
Check the "I accept the Terms of Service" box at the bottom of the screen and click "Continue".
This completes the initial setup of your wallet.
9. create a new wallet
Click on "Create" (to create a new wallet)
10. set your wallet name and password
Enter a name for your wallet (you can change it later), set a password to use when sending money or delegating stake pools, and click 'Create Shelly Wallet'.
11. check the notes on the restore phrase
Read carefully the notes on the recovery phrase corresponding to the private key, tick the checkbox and click 'Continue'.
12. restore phrase confirmation
Write down your 24-word wallet recovery phrase so that no one can see it and click "Yes, I have written down my wallet recovery phrase".
Please keep your Restore Phrase in a safe place so that it cannot be leaked or lost.
13. enter the restore phrase
Enter the 24-word restoring phrase you just wrote down and check that you've written it down correctly
14. validate restore phrase
When you have entered the information correctly, you will see a screen like this, tick the checkbox and click "Confirm".
15. start synchronisation with the blockchain
Once the wallet has been created, it will start to synchronise with the blockchain. The first time this happens it will take some time, so wait a while until it reaches 100%.
16. synchronisation complete
Successful synchronisation
17. ADA DEPOSIT
In order to staking Cardano, you need to deposit your ADA holdings into your wallet.
Click on the "Deposit" tab and copy your deposit address to transfer ADA from an exchange or other wallet.
You will see a lot of addresses, but you can use any of them to send (deposit) money to your wallet. This is a very good way to protect your privacy and to ensure that you don't use an address again. Always use a new address when you use it.
18. copy address
Click on the "Share" button to the right of the deposit address on the previous screen to open the "Share wallet address" screen. Click on "Copy address" to copy the address to your clipboard and paste it into the address you wish to send money to (or withdraw money from).
Please make sure to copy the address to avoid typos.
19. payment confirmation
Once you have sent the money, click on the 'Summary' tab to see if the money has been credited
20. delegate to a stakeholder pool
ONCE YOU HAVE MADE AN ADA DEPOSIT INTO YOUR WALLET, IT IS TIME TO DELEGATE TO YOUR STAKING POOL AND START STAKING. GO TO THE "DELEGATION CENTRE" BY CLICKING ON THE SECOND ICON FROM THE TOP ON THE FAR LEFT
21. delegate
Click on "Delegate" under "Undelegated" on the right hand side of the wallet.
When you mouse over the button, "Delegate" will appear.
22. confirm wallet delegation steps
You will be prompted with steps to delegate your wallet, click 'Continue'.
23. select the wallet to delegate
You will see the wallet you wish to delegate to and click 'Continue'.
24. search the stake pool
ENTER THE TICKER "ADEN" OF THE STAKE POOL ADEN IN THE SEARCH WINDOW
25. select a stake pool
CLICK ON THE 'ADEN' ICON THAT APPEARS TO SELECT IT AS YOUR DELEGATION POOL AND CLICK 'CONTINUE'.
26. confirm your delegation
Check the fee for recording the mandate information in the blockchain, enter the remittance password you set when you created your wallet (the password you set in step 10) and click "Confirm".
There is a 2 ADA transaction fee for staking as a deposit to the protocol. The 2ADA deposit fee will be returned to your wallet when you cancel your mandate to the pool.
27. delegation completed
Your wallet has been delegated, click on "Close".
28. check delegation settings in the Delegation Centre
Check that delegation has been set up in the delegation centre. Staking will become active two epochs after you have selected it. The actual process of delegation and payment of the reward is as follows
Example: Epoch 267 (delegation selected)
→Epoch 268 (take a snapshot of the delegation status)
→Epoch 269 (the delegation becomes active)
→Epoch 270 (calculation of the reward)
→Epoch 271 (payment of the reward)
29. remuneration confirmation
When you have been paid, you can see it in the 'Rewards' tab.
