How to stake Cardano ($ADA) using Daedalus Rewards Wallet

How to create a Shelley wallet

The Cardano Shelley Incentivized Testnet is Officially Live. ADA holders now can start to delegate the stake and earn real ADA rewards!

In this step by step guide, we will explain to you how to delegate your ADA using Incentivized Testnet Daedalus Rewards wallet.

We assume that you have the Cardano mainnet wallet which was holding ADA at the time of the balance snapshot on November 29, 2019.

If you are not aware yet, KysenPool is now Live on Cardano Shelley Incentivized Testnet and ready for ADA delegation. (Ticker: KYSN)

Install Daedalus for the Incentivized Testnet

  • Open Daedalus for the Incentivized Testnet.

Restore a Balance wallet

  • Click ‘Restore’.
  • Enter Wallet Name, Recovery phrase and Password. Click ‘Restore wallet’.
  •  
  • Click ‘Restore’.
  • Enter Wallet Name, Recovery phrase and Password. Click ‘Restore wallet’.

Create a Rewards wallet

  • Click the ‘Create a new Rewards wallet’ button.
  • click ‘Create’.
  • Enter the name and password for the Rewards Wallet. Click ‘Create a wallet’.
  • Click the ‘Create a new Rewards wallet’ button.
  • click ‘Create’.
  • Enter the name and password for the Rewards Wallet. Click ‘Create a wallet’.
  • Write down the list of 15 words. Make sure you keep all recovery phrases for your Rewards wallets safe. You will need these recovery phrases to redeem Incentivized Testnet rewards on the Cardano mainnet. Click ‘Yes, I have written it down’.

Move ADA from a Balance wallet to a Rewards wallet

  • Select Balance wallet. Click ‘Move testnet ADA’.
  • Select Balance wallet. Click ‘Move testnet ADA’.
  • Confirm the Balance wallet and Rewards wallet is correct. Click ‘Continue’.
  • Enter the password of Balance wallet. Click ‘Transfer funds’.
  • Enter the password of Balance wallet. Click ‘Transfer funds’.

Delegate your stake

  • Click the second icon from the top in the main navigation to access delegate features.
  • Click the second icon from the top in the main navigation to access delegate features.
  • Click ‘Continue’.
  • Choose a wallet with funds that you want to delegate.
  • Select a stake pool. Let’s say you pick us, KYSN.
    Enter KYSN in search bar. Click ‘Continue’.
  • Select a stake pool. Let’s say you pick us, KYSN.
    Enter KYSN in search bar. Click ‘Continue’.

Next Steps:

  • Congratulations! You’ve just delegated ADA to a validator.

How to collect Rewards?

  • At some point after the Incentivized Testnet program is over, rewards will be transferred to mainnet and you will be able to redeem your rewards using the wallet recovery phrase of your Rewards wallet.