Cardano, a proof-of-stake (PoS) blockchain platform, offers multiple ways to stake your ADA crypto. You can stake ADA via digital wallets, cryptocurrency exchanges, DeFi apps, and more. One popular method is the KuCoin Earn feature, where you can select ADA from a list of options, choose your staking duration, and the type of staking you prefer.
Alternatively, you can stake ADA via Cardano's official wallet, Daedalus. As a full-node wallet, staking through Daedalus allows you to earn rewards and makes you a validator in the Cardano blockchain. You can participate in the governance of Cardano, making it a safe and engaging option for staking.
However, running your own node on Cardano via Daedalus requires significant storage space. If you want a less resource-intensive option, consider staking via the Yoroi wallet. This lightweight wallet offers an intuitive user experience and can be downloaded as a browser extension across various platforms.
Before staking, it's crucial to research staking pools. These are often ranked based on factors like the total number of blocks produced, overall performance in block creation, expected returns on investment, and more. Before deciding, assess pool size, uptime, liquidity, and past results.