Cardano is an open-source, Proof-of-Stake blockchain built on the Ouroboros consensus protocol. Smart contract functionality is one of its core components. Cardano is developed using Haskell, which is a functional programming language that enables Cardano to pursue evidence-based development. The modular design of Cardano can allow for features such as network delegation and light client data structures, the latter being historically challenging to implement for Proof-of-Stake networks.
3.33% APR*
Price: $0.40
Market Cap: $13.91B
Minimum Tokens Needed: 2 ADA
Lock-up Period: None
StakeSeeker Fee: 0% (Limited Time)
Payout Frequency: ~2 weeks
Stake Cardano
*Stated Annual Percentage Reward (APR) is estimated based on reported network data. APR stated is not guaranteed and may fluctuate overtime.

Learn More About Cardano

What is Cardano (ADA), and what is it used for?

ADA is the underlying token that powers Cardano’s transaction fees and is distributed as a reward to validators for running Cardano’s Proof-of-Stake network. The name was inspired by 19th-century mathematician Ada Lovelace who is known to be the first computer programmer.

What are Cardano staking rewards?

Staking rewards in the form of native blockchain tokens (ADA) are distributed to validators for locking up their cryptocurrencies to a blockchain network to support validator node’s participation in the consensus mechanism and securing the network for a period of time. Refer to the data above for the latest Cardano staking reward figures.

What are the costs of staking Cardano?

StakeSeeker charges a small percentage-based fee (stated above) allocated towards the administerial 24/7 maintenance and monitoring of our staking infrastructure required to operate our validators effectively and securely. The rewards distributed to our community will be a net of the validator fee charged.

Is staking Cardano secure?

When ADA is staked, it’s actually being delegated to a validator. In our case, StakeSeeker facilitates the role of the validator. Similar to staking tokens on any other protocol, staking ADA comes with certain risks. If any downtime is experienced, or if a validator misses another part of the necessary requirements, then a percentage of the staked ADA can be lost as a penalty (known as “slashing”). StakeSeeker monitors its nodes 24/7 and has an excellent track record that minimizes these risks.

What are the current use cases for Cardano?

Over 1,000 projects are currently being build on Cardano across Decentralized Finance (DeFi), social, and non-fungible tokens (NFTs) use cases. Other use cases for building on Cardano include metaverse, gaming, and Decentralized Autonomous Organizations (DAOs).

How is Cardano different from Ethereum?

Ethereum and Cardano share a common family tree with Cardano founder, Charles Hoskins, who is also an Ethereum co-founder. Aside from that, both protocols operate through Proof-of-Stake and utilize smart contracts. While Cardano currently has lower transaction fees than Ethereum, Cardano is younger and is still rolling out its full tech stack.

How long does it take to unstake my ADA?

Cardano does not have an unbonding period. Unstaking your tokens is instant.

Is there a minimum amount of ADA to stake?

A 2 ADA deposit is required to register your staking address when you first stake ADA, and the 2 ADA will return once ADA is unstaked. It’s also important toincentivized remember to keep at least 1 ADA token unstaked in your wallet to pay for any potential future transaction fees.

What are the risks of staking Cardano?

Like many blockchain protocols, the consensus mechanism used by Cardano includes a slashing mechanism whereby any validator that misses too many blocks or double signs a block is penalized by the network, slashing the staked amount on that validator. StakeSeeker is run by Nasdaq listed BTCS Inc. which has its own tokens staked on the same validator nodes, so we are highly incentivized to minimize these risks and maximize our staking reward. However, delegators should be cognizant of these risks.

How do I get started staking Cardano?

To begin staking Cardano, click the “Start Staking” button at the top right, create an account with StakeSeeker and gain access to the platform’s crypto portfolio insights. Then, you can begin staking with our validator nodes by delegating your tokens. Within the platform, there are instructions and tutorials on how to link your crypto exchange accounts and digital wallets and how to navigate the platform’s tools. You can view our supported blockchain networks for staking on our homepage.

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