The Quick-Start Staking Guide

How to Stake

Welcome to the Sonarch Quick-Start Staking Guide; a quick-start tutorial to help you invest in a digital future.

If you haven’t bought a coin or set up a wallet, see articles 1 - 3, otherwise read on and learn how to stake crypto to earn passive income and support blockchain projects.

How To Buy Your First Coin
Read Article
How to Choose A Wallet
Read Article
How To Set Up Your Wallet
Read Article
What is Staking?

For most delegators, staking is a way to money with your crypto using a reliable passive income idea. You delegate your tokens to a node operator (like us), and the Cardano network utilizes a complex algorithm to reward reliable operators and their delegators.

This reward is realized by minting a block (aka validating and recording new information on the blockchain). Every time we mint a new one, you receive your share of the reward. For staking ADA, over a year, regardless of pool size, your yield typically nets out to around 5% on your staked coin.

In Short: You delegate tokens to us, we use them to participate in transaction validation, and you earn yield. Sonarch doesn’t take custody of your crypto. Your coins are yours, and they always will be.

To learn more about staking, read our in-depth article here. But for now we will quickly show you how to delegate in both Daedalus and Yoroi wallets.

How to Delegate Using Yoroi

You stake Cardano in the Yoroi wallet through 5 simple steps:

1. Open the mobile app or browser extension.

2. Go to the Delegation tab.

3. Search “Sonarch”, “ARCH1” or enter our ridiculously long Pool ID which is at the bottom of this article.

4. Follow the instructions to select and confirm your delegation.

5. Bask in the glory of doing your part to secure the network.

How to Delegate Using Daedalus

Stake ADA through the Deadalus wallet using these instructions:

1. Open up Daedalus.

2. Go to the Delegation Center and click on stake pools.

3. Search “Sonarch”, “ARCH1” or enter our ridiculously long Pool ID which is at the bottom of this article.

4. Click on the “Delegate To This Pool” button.

5. Follow the steps to confirm.

6. Bask in the glory of doing your part to secure the network.

Now What?

Now you wait. Your stake pool will do the rest. For Cardano, it takes two epochs for your coin to hit the pool (a period of 10 days total). So after about a week and a half, you will be officially lumped in with our “Active Stake” and you’ll help us contribute to the security and success of the Cardano network, while making extra coin for your trouble.

Thanks for reading the Sonarch Guide to Staking. If you enjoyed the content or have any questions, follow us on Twitter, join our Subreddit, or go to our Discord.

Thought Leadership
Why Sonarch Chose to Stake Cardano?
TL;DR. Sonarch spent months vetting protocols to stake crypto. We chose Cardano for these reasons: 1. Leadership we believe in. 2. That gave power and resources to their people (who they’ll never meet). 3. They support decentralization with a fully-researched proof of Stake design that’s more than lip service. 4. They incentivize small pools to succeed. 5. They have a really, really cool name.
Thought Leadership
Why Sonarch Chose to Stake Avalanche?
TL;DR. In a space that rightfully prizes security over speed, Avalanche is a rarity that supplies both. The combination of low fees, high efficiency, and potential growth are worth a pinch to the arm, followed by a purchase.
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