Cardano Staking

Finding out ADA staking can be split by opening multiple wallets

When Shelley Testnet went live I was eager to start staking my $ADA in the testnet, but had an immediate small disappointment when I found out that I could only stake on one stake-pool and I could not spread the $ADA I owned over several stake-pools. So the choice was;

  • Stake all my $ADA to CITYUPTAKE staking pool and with that feed the Trade Desk of my favorite passive income rewarding crypto project but receive no staking rewards my self>
  • Stake all my $ADA to another staking pool and earn $ADA for the staking but be disloyal to CITYUPTAKE.

So my decision was to vote 2 days for CITYUPTAKE and then 2 days for a Cardano community driven staking pool.

Delegating to CITYUPTAKE stake pool

The backside of this approach was the re-occuring fee to change the staking delegation:

ADA wallet transaction fee

Until I found out there is the possibility to open multiple wallets on the testnet through the Yoroi wallet. So now 50% of my ADA is used for staking CITYUPTAKE and 50% is used for Staking Cardanians.

Author: Carapthian

A project interested in building a structure for early retirement by engaging in promising (crypto) projects and companies generating enough passive income to chase my dream

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