Cardano staking is live! And Exodus makes it as easy as one tap to stake Cardano on your phone and computer.
Of course, you’ll need to ensure you are on at least Exodus version 20.11.5.
How to Stake Cardano
All updated and ready to get the show on the road? Splendid!
If the video above didn’t do the trick, we got you covered. The Exodus Knowledge Base lays the steps out in an easy to follow format.
What is Cardano Staking?
Staking is an alternative consensus mechanism (way to verify and secure transactions) that allows the coin holders to secure crypto networks with minimal energy consumption and setup.
Shelley is the upgrade which enabled Cardano staking.
The key for Shelley to succeed will be getting Cardano ADA holders from all over the world to participate in staking. The more investors stake their ADA, the more decentralized the network will become.
Like any other Proof of Stake (POS) network, Cardano incentivizes staking by offering a staking reward.
For those who would like to learn more about Shelley and the other phases of the Cardano roadmap, the Exodus blog has a great explanation of each planned phase.
Cardano Staking Rewards Calculator
The staking reward can change based on how many people are staking Cardano at any given moment. The fastest way to find out how much you can earn by staking Cardano in Exodus is with the Rewards Calculator. There’s also a Rewards Calculator in the Exodus desktop application.