ADA staking method (delegation method): Yoroi
The Yoroi Wallet is a light client wallet exclusively for the ADA.
Unlike Daedalus' full notes, Yoroi runs as a Chrome or Firefox extension and connects to the full Cardano node through a third party (Emurgo). Yoloi is therefore instantly configurable and can be operated quickly and easily with minimal system resources.
Yoloi wallet is available for Windows, Mac, Linux as well as iOS and Android.
Below are the steps to staking from the YOLOI Wallet into your staking pool (ADEN).
1. show Chrome extensions
Click on the three-pointed arrow in the top right corner of Chrome, then click on "More Tools", then "Extensions".
2. display the menu bar of the extension
Click on the menu bar at the top left of the extension screen
3. open the Chrome Web Store
Click on "Open Chrome Web Store".
4. search for Yoroi Wallet
Type "Yoroi" in the search window at the top left, search for Yoroi Wallet and click
5. add to Chrome
Click on 'Add to Chrome'.
6. Confirmation of the addition of "Yoroi
When the message "Do you want to add 'Yoroi'? appears, click on "Add extension".
7. complete the addition of Yoroi to Chrome
When you see "Yoroi" has been added to Chrome, you've done it!
8. pin extensions to the Chrome toolbar
Select Yoroi from the list of extensions and fix the extension with 📌.
9. launch the Yolo Wallet
Click on the Yoroi icon in the toolbar to launch Yoroi Wallet
10. select language for YOLO Wallet
Select Japanese as your language of choice and click 'Next'.
11. check terms and conditions
Review the Terms of Use, tick "I agree to the Terms of Use" and click "Next".
12. select display level
In the level of detail of the display information, select either "simple display" or "detailed display" (in this case, select "simple display")
13. CARDANO PAYMENT URL
CLICK "ACCEPT" AT THE CARDANO PAYMENT URL TO ACTIVATE IT.
14. confirmation of Yoroi's permission
When you see the pop-up 'Yoroi is asking for the following permission', press 'Allow' and click 'Finish'.
15. complete the initial setup of Yoroi
This completes the initial setup of the Yoloi.
The next step is to create a wallet on Yoloi.
16. create a new wallet
Click on "Create Wallet".
17. currency selection
Select your currency or platform and click on 'Cardano'.
18. create a wallet
Click on "Create Wallet".
19. set 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 Wallet'.
20. check the notes on the restore phrase
Read carefully the instructions on how to handle the Restore Phrase that corresponds to your private key and check the box "Do not let others see your screen. and click "Next".
21. restore phrase confirmation
Once you have written down your 15-word wallet recovery phrase so that no one can see it, click "Yes. I have written it down".
Please keep your Restore Phrase in a safe place to prevent it from being leaked or lost.
22. enter the restore phrase
Tap the 15 restored phrases you have just written down in the correct order to check that you have written them down correctly
23. check the notes on the restore phrase
If you have entered the information correctly, you will see a screen like this, read the notes carefully, tick the box and click "Confirm".
24. complete the creation of your wallet
Your wallet has been successfully created.
25. COPY THE ADA DEPOSIT ADDRESS
In order to staking Cardano, you need to deposit your ADA holdings into your wallet.
Click on the "Receive" tab and copy your deposit address to transfer ADA from an exchange or other wallet.
Click on the "Copy to clipboard" button to the right of the address to copy the address to your clipboard and paste it into the address you wish to send the money to (the address you wish to withdraw from).
Please make sure you copy the address to avoid typos.
26. transfer ADA from Binance to Yolo Wallet
Copy the deposit address of the YOLO wallet copied in step 25. to the ADA withdrawal address in Binance, specify the amount to be transferred and click "Withdrawal".
27. withdrawal confirmation
Click on "Next
28. security verification
Enter your email verification code and phone verification code and click "Submit".
29. remittance completed
Click on "Finish".
30. payment confirmation
Once the transfer is complete, check to see if the money has been credited to your Yolo Wallet
31. delegate to stakeholder pools
Once you have deposited your ADA into your wallet, it is time to delegate to a staking pool and start staking. Click on the "Delegation List" tab to find the pool you wish to delegate to.
32. search the stake pool
Enter the stake pool ADEN ticker "ADEN" in the search window to find "[ADEN] Cardano ADEN Stake Pool" and click on "DELEGATE".
33. delegate
Confirm the fee (including deposit) to record the delegation information in the blockchain, enter the remittance password you set when you created your wallet (the password you set in step 19) and click "Delegate".
Please note that there is a 2 ADA transaction fee for staking as a deposit to the protocol. If you cancel the delegation to the pool, the 2ADA deposit will be returned to your wallet.
34. delegation completed
You have now completed your delegation. Congratulations!
Click on "Dashboard page
35. check delegation settings on dashboard
Check that the delegation settings have been made on the dashboard page. Staking will become active two epochs after you have selected it. The actual process from delegation to 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)
