What is Cardano Staking

Staking (or delegating) is similar to putting your money into a bank account, and as a thank you the bank pays you interest for doing so (or at least they used to). Your delegated ADA allows the Cardano network to run.

Cardano Staking - Wallets - Upstream

How to Stake

Getting started is one of the main challenges faced when first entering the world of staking. There are 4 main steps to get you up and staking on the Cardano network. You can choose to stake with any pool and understanding the pool you stake with is at the heart of a decentralised and inclusive financial system.

1. Buy ADA from an exchange

To Purchase ADA, go to any exchange sign up and verify your account.

2. Create your ADA wallet

Download the Yoroi or Daedalus and create your wallet and make sure to keep your details in a secure location.

3. Transfer ADA to your wallet

Transfer your ADA from your exchange account to your wallets.

4. Delegate your ADA to Upstream

Search for [UPSTR] in the delegation area, you will need your spending password!