- This topic has 2 replies, 1 voice, and was last updated 3 months ago by GIdenJoe.
- Sunday, August 21st, 2022 at 17:35 #359006finance_tradingParticipant
New to this world but learning a lot everyday. I seems to be possible to stake ADA via a hard wallet and Adalite but I’m struggling to understand who owns the coins at the end? Are they still in my hard wallet or are they now under the control of Adalite?Sunday, August 21st, 2022 at 17:35 #359007SuperGed
Yes you do.Sunday, August 21st, 2022 at 17:35 #359008GIdenJoe
You always own your coins. Delegating only says to the protocol that the stake pool can add your amount to it’s total amount for the algorithm to choose slotleader and calculate rewards.
But the coins stay in your wallet and are not locked. So if you sell some then from the next snapshot on your delegated amount will be a bit less.
- You must be logged in to reply to this topic.
Related Forum Topics:
- → I wanted to test with 18 Ada to delegate to the cardanians pool, but deposit during the process only says 2.000000 ADA, why? And can I, after once invested 18 Ada, always put new Ada on the wallet which is then used in the pool without having each time such a large difference?
- → I still hold Cardano (ADA) in YOROI-Ledger with my Ledger Nano.. however I noticed that ADA is live supported by ledger, do I still have to keep it in YOROI or can I move it there? Also, I noticed when Added the ADA wallet in Ledger, the amount of ADA in Ledger does not match my YOROI account which
- → Adding ADA into a wallet that already has ADA staked, How do I add new ADA to be staked?