It is time to delegate
In our previous post “Delegation Guide” we mentioned that we would inform the community about the availability of the new Daedalus Mainnet wallet.
Yesterday we had the launch of Shelley at 22:45 PM UTC, the Cardano network became fully decentralized. A moment we all looked forward to.
As pool operators and owners we worked hard to have our infrastructure in place for this moment where users can start delegating their stake to stake pool.
In below scheme you can see that you can start delegating your stake to the stake pool of your choice. Your delegation will become active on the 8th of August and the first rewards will be delivered on the 18th of August to your wallets.
In order to delegate you have to download the new Daedalus Mainnet wallet for your operating system.
The new Daedalus (Shelley) Mainnet wallet will automatically import your wallets from the Daedalus Byron Mainnet wallet.
Once the chain is checked and synced up, your Byron Mainnet wallets will appear.
In order to delegate to one or more stake pools, you have to create one or more new Shelley wallets. Please be careful! Write your passphrases (now 25 words) down and double check them. Assign a spending password and save both your passphrase(s) and spending password(s) in a safe place, don’t loose them !
After this you can move your ADA from your Byron Mainnet wallet(s) to the newly created Shelley Mainnet wallet(s). For this you need your Byron Mainnet spending password at hand.
Once you have your ADA in your new Shelley Mainnet wallet(s), you can start the delegation process. In case you like to know more about this process or how to choose a stake pool, download our Delegation Guide. (Note: The delegation guide is based on Haskell Testnet 3, but the delegation process is exactly the same. We will do our best to update this guide on basis of the new Daedalus Mainnet wallet shortly.)
We would love to see you joining our stake pools A4PEU (JUNO) or A4PUS (SATURN). Our stake pools run on cloud-native infrastructure provided on bare metal servers in the US and Europe. ADA4Profit is operating in total 10 servers, 6 public relay nodes, 2 hidden relay nodes and 2 stake pools, to guarantee an excellent return on stake for our delegators.