Please see below for instructions on how to stake within the Arculus wallet app. You can also click on the following links to quickly navigate to the relevant section of the article:
Staking with Cardano (ADA)
- Minimum Staking Amount - 4 ADA
- Full Balance is either Staked or Not Staked - Can Not Choose Amount
- You can send your staked ADA at any time, it is not locked and does not require you to unstake or withdraw
Cardano (ADA) is natively a Proof-of-Stake (PoS) blockchain. With Cardano, you can earn rewards by delegating (or pledging) your ADA to a staking pool. Your delegated ADA can earn you rewards and help in the operation of the Cardano blockchain. Cardano staking is a way to earn rewards on the ADA you hold.
Staking your ADA does not involve selecting an amount to delegate - it stakes your entire Cardano wallet balance. You delegate your wallet address, not a portion of your ADA. This means you either stake all of the ADA in your wallet to a pool, or none of it. You can still send and receive ADA transactions as normal while your ADA is staked. When reward distribution occurs, your staked balance at that time is used to determine your rewards. You can still transact freely with your ADA while it is staked.
When you stake ADA, you are not giving up custody. You still hold your private keys and you control your ADA.
Arculus does not charge any fees for staking ADA. There is a 2 ADA deposit required to stake, however you must have at least a minimum of 4 ADA in your wallet to initiate the staking process itself. This is returned when you unstake. Additionally, some of the staking pools charge fees which are shown before you agree to stake your ADA.
When you choose to stake your ADA, you can choose from the publicly available list at https://cexplorer.io/pool. There are thousands of Cardano staking pools available.
There is no need to unstake your ADA in order to use it, but you always have the option to unstake. Before you unstake, however, you'll need to claim your rewards by tapping the "Rewards" button. Generally, though, you do not need to actively claim your rewards as your rewards are automatically included in your staked balance.
If you want to move to a different staking pool, you can do that whenever you want. The staking pool may charge a small fee. To redelegate, simply tap the "Redelegate" button and select the pool you want to delegate to. Remember, with Cardano you are delegating your address and your full quantity of ADA. It's not possible to delegate only part of your ADA holdings in your wallet. It is not necessary to claim your rewards to redelegate - the rewards are yours and stay with you even if you redelegate.
Staking with Solana (SOL)
- Minimum Staking Amount - 0.105 SOL (0.1 SOL for minimum stake, 0.005 reserve required after initiating your stake)
- You can have multiple stakes for different amounts to the same or different staking pools
- Your staked SOL is not sendable
- Your staked SOL is locked until the stake is deactivated and the "cooldown" period has ended (epoch ends every ~2 days)
The Solana network uses a Proof-of-Stake consensus mechanism (PoS). Every validator on the network has an opportunity to participate in consensus by casting votes for which blocks they believe should be added to the blockchain, thereby confirming any valid transactions contained in those particular blocks.
Staking is the process by which a SOL token holder assigns some or all of their tokens to a particular validator or validators, which helps increase those validators’ voting weight. Assigning your tokens to add to a validator’s stake-weight is known as “delegating” your tokens. Delegating your tokens to a validator does NOT give the validator ownership or control over your tokens. At all times, you still control all your staked tokens that you may have chosen to delegate.
In order to stake your SOL with Arculus, you need a minimum of 0.105 SOL. Each stake has a minimum stake amount of 0.1 SOL, and a remaining balance of 0.005 SOL is required to ensure your SOL account stays active.
You can have multiple stakes with SOL on Arculus. As long as you meet the 0.1 minimum amount for each stake, and have a remaining balance of 0.005 SOL, you can initiate multiple stakes to any active SOL staking pool. You can find a list of publicly available SOL pools here; https://solanabeach.io/validators
When you delegate or un-delegate a stake account, the tokens do not change state immediately. Newly delegated tokens are considered “activating” or “warming up”, and are not eligible to earn rewards until they are fully activated. Newly un-delegated tokens are considered “deactivating” or “cooling down” and are not able to be withdrawn until deactivated.
Arculus does not take any fees for the staking of your SOL.
For additional information you can visit Solana's official staking page here; https://solana.com/staking
Staking with Cosmos (ATOM)
- No minimum staking amount or reserve required
- You can have multiple stakes for different amounts to the same or different staking pools.
- Your staked ATOM is not sendable
- Your staked ATOM is locked until the stake is deactivated and the "cooldown" period has ended (~3 weeks)
Cosmos (ATOM) is a Proof-of-Stake (PoS) blockchain network that uses a consensus mechanism called delegated-proof-of-stake (DPoS) to enable staking for everyday users. In a PoS system, validators, or "stakers", are chosen to validate transactions and add blocks to the blockchain based on how much cryptocurrency they hold and are willing to stake as collateral. The amount of staking tokens (ATOM) bonded as collateral determines the weight of validators, which in turn determines their voting power. Validators with more voting power are more likely to be chosen to validate the next block, and the network rewards participants who are most invested.
Unlike a centralized exchange that holds your assets in a custodial wallet, when you delegate your ATOM you remain in charge of your ATOM. The validator does not have access to your assets. Think of your stake as a weighted vote of confidence.
When you delegate ATOM to a validator, it becomes locked. You cannot use it for anything else, and there is a time commitment. Should you decide to un-delegate your stake, you will have to wait three weeks to regain access to your delegated stake.
Do not delegate all that you own, because you need a fraction of ATOM to send the transaction, plus further ATOM in the future to either un-delegate or claim your rewards. We recommend keeping at least $0.05 worth of ATOM in your wallet for this purpose.
Arculus does not charge any fee for you to stake your ATOM.
For additional information you can visit Cosmos' official staking page here; https://tutorials.cosmos.network/academy/1-what-is-cosmos/4-atom-staking.html