How to Stake

STEP BY STEP GUIDE

STAKING YOUR ADA HAS NEVER BEEN MORE EASIER

1. Download the Daedalus Wallet at daedaluswallet.io.

2. The first time launching the wallet, you will need to wait for Daedalus to sync with the blockchain.

3. After Daedalus finished syncing, simply follow the instructions to create / restore your wallet.

4. Make sure you have ADA in your wallet. You may fund your wallet by creating an address in the “Receive” tab.

5. Click the second button in the left panel and select the “Stake Pools” tab.

6. Search for “ESP” and click the “Delegate to this pool” button.

* You may now go to the “Rewards” tab to track your rewards.
* Please wait 15-20 days for your first rewards to show up.

Daedalus

1. Download the Yoroi Light Wallet at yoroi-wallet.com.

2. Choose your preferred browser option after clicking the download button.

3. After adding it to your browser, launch the Yoroi Wallet extension within the browser.

4. Simply follow the instructions to connect / create / restore your Cardano wallet.

5. Make sure you have ADA in your wallet. You may fund your wallet by creating an address in the “Receive” tab.

6. Go to the “Delegation List” tab, and search for “ESP Everest”.

7. Select the pool and click the “Delegate” button.

* You may now go to the “Dashboard” tab to track your rewards.
* Please wait 15-20 days for your first rewards to show up.

Yoroi Browser

1. Go and download the Yoroi mobile app for your device: Android | iOS

2. Launch the app and follow the instructions to connect / create / restore your Cardano wallet.

3. Once set up, You may fund your wallet by creating an address in the “Receive” tab.

4. Go to the “Dashboard” tab and click “Go to Staking Center”.

5. Search for “ESP Everest” and click the “Delegate” button.

* You may now go to the “Dashboard” tab to track your rewards.
* Please wait 15-20 days for your first rewards to show up.

Yoroi Mobile

1. Go to adalite.io.

2. Choose your preferred way to access your Cardano wallet.

3. Copy our pool ID “6f365275ed3b789fc7bf4d4d0b769dc70117542aee93ca328f94ee53”.

4. Go back to AdaLite webpage, and click the “Staking” tab.

5. Paste the pool ID in and click the “Delegate” button.

* Please wait 15-20 days for your first rewards to show up.

1. Go to pool.pm.

2. Click on Join on the top right corner of the webpage.

3. Connect Nami Wallet with pool.pm.

4. Delegate to ESP

5. Authorize delegation by entering your wallet passphrase.

* You may now go to the “Rewards” tab to track your rewards.
* Please wait 15-20 days for your first rewards to show up.

pool.pm

FAQ

Most frequent questions and answers

ESP has been in operation from start of the mainnet in Cardano. 

We have an enterprise grade stake pool operation. 

We have the expertise and experience to ensure you get the highest returns on your rewards.

Stake pools are run by stake pool operators. These are network participants with the skills to reliably ensure consistent uptime of a node, which is essential in ensuring the success of the Ouroboros protocol and the Cardano network as a whole.

The protocol uses a probabilistic mechanism to select a leader for each slot, who will be expected to create the next block in the chain. The chance of a stake pool node being selected as slot leader increases proportionately to the amount of stake delegated to that node. Each time a stake pool node is selected as a slot leader and successfully creates a block, it receives a reward, which is shared with the pool proportionate to the amount each member has delegated. Stake pool operators can deduct their running costs from the awarded ada, as well as specify a profit margin for providing the service.

Stake pools are run by stake pool operators. These are network participants with the skills to reliably ensure consistent uptime of a node, which is essential in ensuring the success of the Ouroboros protocol and the Cardano network as a whole.

The protocol uses a probabilistic mechanism to select a leader for each slot, who will be expected to create the next block in the chain. The chance of a stake pool node being selected as slot leader increases proportionately to the amount of stake delegated to that node. Each time a stake pool node is selected as a slot leader and successfully creates a block, it receives a reward, which is shared with the pool proportionate to the amount each member has delegated. Stake pool operators can deduct their running costs from the awarded ada, as well as specify a profit margin for providing the service

Your ADA in the wallet NEVER leaves your wallet and you can do whatever you want with your ADA while you stake.

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