FAQ

What is pledging?

Pledging is the amount of ADA the pool operator has staked in the pool (the skin in the game so to speak). As per Cardano governance consensus the higher the pledge amount, the higher the overall reward the pool receives.

What is stake pool saturation?

When a stake pool is saturated, this means that the amount being staked on that pool is over the parameter set by the Cardano governance. This results in diminishing ROA to the delegators staking on the pool.

When will I start receiving my reward?

This depends exactly when you staked, but you will typically see your reward within 15-20 days.

When I receive my reward, do I need to stake again?

No, your reward is automatically staked to the same pool your wallet is currently staking. This also applies to any additional ADA the you receive in the wallet after staking.

Why does my reward fluctuate so much?

It is part of the Cardano protocol design to include the natural element of luck, it is the same for all pools. However, in the long run the rewards should be similar assuming of course the comparative pools are online 100% of the time.

What are the risks in staking on Nedscave pool?

There are no risks to your ADA when staking on the Caradano network. Staking is built-in to the protocol design, your ADA stays in your wallet under your own control, you can still send and receive as usual.

Why should I stake with Nedscave pool?

Our server clusters are strategically located around the world and are configured to optimize the redundancy and performance of the Cardano decentralized network. Moreover, our server clusters and network operated under 99.95% service level agreement which will provide our delegators the optimum probability to maximize the ROA.

How do I stake with Nedscave pool?

You can use Daedalus or Yoroi wallet to stake your ADA. Once you have setup your wallet and have more than five (5) ADA in your wallet, you can start staking. Please use the wallets delegation feature, and search for NEDS, we have four NEDS nodes, please choose between NEDS1 NEDS2 NEDS3 NEDS4.

Can I delegate to more than one pool?

No, at the moment the Cardano network does not allow this. However, this feature is in the Cardano development roadmap and should be released in the future.

Resources

  • Daedalus – The official open-sourced full node wallet for Cardano developed by the Cardano Foundation.
  • Yoroi – Yoroi is a light wallet for Cardano. It’s simple, fast and secure. Yoroi is an Emurgo product, engineered by IOHK. And it follows best practices for software in the industry including a comprehensive security audit.
  • Cardano Foundation – An independent Swiss-based non-profit that oversees and supervises the advancement of Cardano.
  • IOHK – A technology company committed to using peer-to-peer innovations to provide financial services to the three billion people who do not have them.