How to Stake

How to Stake Cardano

Staking ADA with PUNKR is simple and secure:

• Transfer your ADA to a staking-compatible wallet like Daedalus or Yoroi.
• Visit a Cardano explorer like AdaStat or Cexplorer and select PUNKR Stake Pool.
• Choose a Stake Pool, such as PUNKR. All pools help create and validate new blocks on the Cardano blockchain.
• Stake pools are randomly selected to create blocks. If chosen, it receives rewards.
• Rewards are distributed proportionally to delegators based on their stake. More ADA delegated means higher rewards.
• Rewards are automatically added to your wallet about two epochs later. Withdrawal is possible at any time without cost.

Choosing a Stake Pool

With over 2,500 stake pools, selecting the right one matters. Consider these factors when choosing PUNKR:

Protocol Factors:

• Saturation: Pools closer to saturation may offer higher rewards, but avoid oversaturated pools to support decentralization.
• Rank: Indicates potential rewards based on stake and saturation.
• Live Stake: Percentage of total system stake controlled by PUNKR.
• Pool Margin: PUNKR’s low 0% variable fee increases your rewards.
• Pledge: PUNKR’s high pledge shows our commitment to performance, and also increases rewards for stakers.
• Cost per Epoch: Fixed 170 ADA fee to cover operations. Lower fees are not allowed by the protocol.
• Produced Blocks: Total blocks PUNKR has created, reflecting reliability.

Off-Protocol Factors:

• Trust PUNKR’s cypherpunk ethos and transparent governance.
• Support our contributions to Cardano, like Mithril, Orcfax, Blockfrost, and Xerberus ITN.
• Check our performance on community tools: ADAPools, CardanoScan, PoolTool.

Delegate to PUNKR for low fees and a stronger Cardano network.