Hi, thanks for sharing this. I jumped forward to the how to delegate in the staking centre. I understand it would be good to delegate to Aspen but please consider a part 2 of this video taking a deep dive into what the details behind each pool tells you about the pool (score, pledge etc.) Should I diversify and delegate small amounts across many pools or delegate to one pool? What determines how/ when rewards are granted. Thanks.
Excellent question. We will be making followup videos soon on how to use PoolTool to select a pool, and an explanation of the delegation rewards payout cycle. Stay tuned!
Thanks for the great videos explaining how stuff in the Cardano world works. I am happy to say that I just got my 1st Aspen rewards from E254. Did you already cover how it works with Yoroi in terms of what to do next in terms of the rewards? Can you add rewards to an existing stake or do you need to accumulate them and then stake? Please share some advice. Thanks
Thank you SO much, and welcome aboard! We're really glad to hear you've gotten value out of the content. Any other topics you'd like to see us cover? Here's to growing our investment together!
Would love a video that goes into detail about how to understand what all the numbers displayed for the pools mean so we can make an educated decision which pool to select. But great video, thanks.
Again great content on setting up Yoroi, LIGHT YEARS ahead of Daedalus in terms of setting up on desktop/mobile flexibility! Quick question, can someone explain to me this whole 'Staking Pool' and 'Delegation' in layman terms.
Great video, I just have one question. I created a yoroi wallet directly from the ledger, so I didn't have to write down a secret phrase. If i were to one day restore this wallet, how would i do it? I would just restore my ledger in ledger live and then just follow the same steps as before? i.e press connect to hardware wallet directly in the yoroi extension and voila?
yep, exactly! Check out our video on crypto keys, wallets, and addresses and how they all work together. It may help clarify further: czcams.com/video/B0so9yDRP5g/video.html
Good Video! Can you create more than one wallet in YOROI and then stake each wallet to different pools? How do you stop your delegation from a pool? Can you switch delegation?
great questions! 1. yes! Currently multi-pool delegation from a single wallet is not supported, so what you've described is exactly how you'd delegate to multiple pools. 2-3. You can delegate to a new pool at any time by selecting them and delegating to them the same way you did to your first pool. You can also send your funds off your wallet at any time back to the exchange. we address these and other common confusions in this video. Keep the good questions coming! czcams.com/video/K79JSA5mLfY/video.html
Thanks ! very useful videos, clearly explained! I have a staking question : If we stake (first time) Ada using standard Shelly Yoroi wallet (eg ada1), how do we link this wallet into the hardware wallet at a later time ? Shall we need 1) to create a new ledger wallet in Yoroi (ada2) and transfer the Ada from wallet ada1 to wallet ada2 or 2) somehow pair ada1 to the ledger thus continue using only the ada1 (linked to ledger)?thanks for the feedback!
Good question! Keep in mind that the Yoroi software wallet and the hardware wallet will have different sets of private keys generated from their different security phrase generation algorithms. There is inter-software-wallet support to link up Yoroi and Daedalus, for example, but not from software to hardware that we know of. So your scenario 1) would be how you'd need to handle it at that point. oh, also, if you haven't already, check out yesterday's video on private keys, addresses, and wallets. It seems like a natural extension of this conversation, and might help give you some ideas: czcams.com/video/B0so9yDRP5g/video.html Keep the good questions coming!
@@WoodlandPools thanks for the prompt response. In fact, I just saw your new video about where our crypto reside that explains graphically the “owner” of the private and public keys. Being different for the cases of software and hardware wallets I suspected that it wouldn’t be possible to translate the public and private key from Yoroi to ledger. Thanks for confirming so. However, the ada transfer from yoroi to ledger, will it impact the staking ? ..i.e. shall we need to delegate the pool , then xfer to ledger and finally re-delegate from the ledger wallet to the pool ? ...all I am trying to see is if I need to wait until the ledger arrives before start staking (to avoid possible complication because of shifting from yoroi to ledger/yoroi wallet later ?
@@LS-on6qf Great questions. Yes, when you move your funds over to the Ledger and start staking there, since it's a completely new set of keys and addresses, you'll have the same initial lag till reward payout. But that being said, it's a one-time pain you'll have and once it's over you're all set and secure on your hardware wallet. The main factor to consider if you wait for the Ledger or start staking on Yoroi without it is probably most dependent on your timeline. If you're ordering the Ledger soon and just need to wait a few weeks, then maybe just wait and do it all at once. But if the Ledger purchase is a while off or you haven't decided exactly when you're going to get it, I'd say just start on Yoroi now and move later. "done beats perfect" as they say 😃
@@WoodlandPools thanks again! I am placing the order tomorrow so I better wait. I hope they ship the nano x within 2 weeks as stayed on their site and not much later
@@LS-on6qf Sounds good! If you wouldn't mind using our affiliate link, we'd really appreciate it 😃 shop.ledger.com/products/ledger-nano-x?r=318c76eb025b Excited for you, you're almost there!
How do I learn the reason for all this and get a full picture why I'm doing this... I'm hearing the components but don't understand how and why...I need a breakdown and why...
"why" can be a broad question, but it might help to better understand Proof of Stake. Here's a good video by Simply Explained which explains Proof of Work vs Proof of Stake: czcams.com/video/M3EFi_POhps/video.html with Cardano being a Proof of Stake protocol, when you delegate (or stake) your ADA, you're delegating to a Stake Pool like the ones mentioned in that video. The Stake Pools validate transactions on the network, and when the network rewards the pool for its validation efforts, all delegators (including you when you delegate) get to share the rewards.
Thank you! Neither is better than the other, it just depends on your personal preference. If you haven't already, check out our video where we compare all 3 wallet options: czcams.com/video/pbZx0O4f0uw/video.html the wallet you use has no bearing on the rewards that are paid out, but if you're looking for a Stake Pool to delegate to, check out our video on selecting the right Stake Pool for you: czcams.com/video/wF0adviOgSs/video.html
Welcome aboard! We're happy to have you as part of the community. Great suggestion. We plan on doing a video on this very soon. I'll let you know here when it's ready. Keep the good questions coming!
Hello again! Wanted to follow up - we just published a new video explaining fees and payouts as requested: czcams.com/video/jfd2Qg9ZGk0/video.html Keep the great questions coming!
You use brave, but your CZcams channel is not yet a verified creator. Considering your audience may be a way to receive additional support. Thanks for the content.
Great video. I’m a Yoroi beginner. I have a light wallet. I am staked to Meld pool but their ispo event ended and want to stake to a sundae swap pool scooper to gain rewards. How do I redelegate without jeopardizing my Meld reward tokens as I am still in the Meld stake pool but want to switch. When I tried clicking on withdraw a prompt screen popped up and I didn’t know what to do. It was asking me if I wanted to keep my address and so that I can receive the rewards. I clicked yes and I was promoted to enter in my spending password which I didn’t because I got worried that I wasn’t doing it right or that I was hacked or something. Can you clarify if their is normal? How should I redelagte to a new pool but without jeopardizing my meld staking rewards? Thanks
Question. If I already have Yoroi wallet but now I want to move it on a ledger, can I just restore the wallet on a ledger or do I have to create a new wallet? Thanks.
I have a question , why is it that My Delegated Amount (My Capital) and Available Fund is different when I received a REWARD ? Instead of earning , my Available Funds becomes lesser than my delegated funds? How come?
hm, that doesn't sound right. One thing to watch, however, is that Yoroi is working through some rewards display issues right now, so that may be part of the problem: twitter.com/WoodlandPools/status/1441500219414286339
Hello, I have set up my trezor mode t wallet to yoroi chrome extension, do i get a 12/15/24 word phrase? and how do i connect the wallet to my Yoroi Iphone App? Is it only Read option? Thanks in advance
Thanks so much! Yea, so an epoch is the 5-day period that the Cardano blockchain uses to define a time period. "End of Epoch" lets you know the date/time that the specific epoch in question ends. Check out our video on the Cardano Delegation Cycle, it should help clarify: czcams.com/video/4JT-pX-NjHQ/video.html
woodland pools: I watched your video and the question is I have a Nano ledger setup with my yoroi wallet staking, if I want to unstake and stake to a new pool do i need to connect my ledger to do so?
yea, any time you need to do any kind of transaction that requires any ADA to be spent (including just paying the network transaction fee to switch pools) you'll need to plug your Ledger back in to confirm the transaction. Congrats on staking with your HW wallet!
did you set up Yoroi as a Software Wallet, or did you pair Yoroi with your Ledger as shown at this step? 6:46 This video may also help clarify further what's handling what: czcams.com/video/B0so9yDRP5g/video.html
love your videos, just had a quick question. after i delegate, if i purchased more ADA and transfer it over would it automatically be delegated to existing pool or do you recommend opening another wallet? Thank you
thank you! Yep, any funds that are added are also automatically delegated. We dig into this and other common confusions in our "5 most common questions" video, check it out: czcams.com/video/K79JSA5mLfY/video.html
Good question. I'm honestly not sure. Here is the link to the Yoroi app in the AppStore. Try opening it up in your iPad and see if it lets you download it there: apps.apple.com/us/app/emurgos-yoroi-cardano-wallet/id1447326389 Please let us know either way!
Do I have to connect my Trezor in order to delegate? My computer is prompting me to do so but that doesn’t seem to make sense since it’s supposed to remain in my wallet.
good question. The Trezor needs to be connected in order to initiate any kind of network transaction. Sending your ADA is a network transaction, but so is delegating. When it asks you to confirm, you should see that the only balance being consumed is the 2ADA deposit (which you can get back later if you'd like) to set up your Staking Address , and the ~0.17 ADA network transaction fee. You're correct that all your funds will otherwise remain on your wallet
to clarify, you don't actually stake on PoolTool, PoolTool is just a useful tool to help you find your stake pool. Then, if you're using Yoroi, you can just find your pool of choice in their Delegation List, click Delegate, and you're all good to go!
I have a question, let suppose that I reached a good amount of money and I wanna withdraw some of it and put it in my bank account, how can I do it through my wallet?
good question! You can just send the funds you want to sell back to the exchange and sell them there. In Yoroi just go to the "send" section and in the exchange get your ADA address in the "receive" section for ADA. Always do a test transaction first!
I have a question, so if I put some Ada into this and then delegated it and then a couple days later transferred more Ada into the app would I need to delegate again to the same place and get charged a fee or does it automatically get delegated when I send more to the app
Good question! This is a common confusion. Any additional funds you add to your wallet will automatically be delegated along with your existing balance. We actually answer this question along with a few other common confusions in our "5 most common questions" video. Check it out, it might help clarify further: czcams.com/video/K79JSA5mLfY/video.html
Can you store your ADA onto your Ledger device aswell as keeping your ADA in a staking pool at the same time? I have a ledger device already and want max security. If so please do vid on it When i created my YOROI wallet i clicked create new wallet instead of Connect to ledger device option so i think thats why im confused EDIT: ideally what i want to do is stake my ada, earn rewards but also have them secure in my ledger device. Is that possible?
totally! Actually in this video that's what we show. Try watching the video again - we mention how to make a SW wallet, but in the video I go through all the steps (including the delegation step) with a HW wallet. Also, this Yoroi video is a bit older. We now recommend folks use ccvault instead. Check out this playlist, it'll show you how to install ccvault, pair your HW wallet, and then how to delegate. czcams.com/play/PL3DtqUjro7uEdwbyqKovYGyH2zKaWbNUs.html The only difference in the delegation video from what you'll see on your end with a HW wallet is that we enter a Spending Password, but instead you'll just confirm the transaction on your device. Let us know if we can help with anything else!
Hello - Would you be able to do a video on withdrawing rewards from Yoroi? I went through the withdraw process for the first time. I don't know where the rewards went, I thought they would have gone to the main balance but they haven't. I've heard of others having the same problem.
hm, that doesn't sound right at all. You should be able to select Shelley like we do in the video. If for some reason that UI isn't working, you might want to try reaching out to Yoroi/Emurgo support: yoroi-wallet.com/#/support
@@WoodlandPools Will I have to treat each address as a seperate transaction, or does yoroi just pull the amount needed? For instance, say account address ONE has 10 ADA in it, and address TWO has 5 ADA then I send 15 ADA from yoroi to an exchange in one transaction. Will it pull from both addresses or willi have to send 10 then send 5. Thanks.
I have a Trezor T. I followed your steps and connected Yoroi to my hardware wallet. I also sent ADA from exchange to Yoroi. However, whilst I see these funds in Yoroi, I don't see these funds in Trezor T (I understand the funds are actually in my Trezor as I haven't set up a Yoroi wallet). I haven't yet staked the ADA. Do you have a short video to explain just the simple process of viewing our ADA portfolio in Trezor. I'm finding this incredibly unclear.... HELP. I also find it unclear how to activate ADA asset in Trezor. I saw one of your videos doing this with ADA lite.
good questions! You're on the right track, but it seems like there's some confusion about what is handling what. Keep in mind that as you mentioned, Trezor is creating your private/public keys as well as all of your addresses. When you pair Yoroi with Trezor, you're only using Yoroi as the UI to handle balances and transactions, but they are still managed by the Trezor itself. This video may help clarify further: czcams.com/video/B0so9yDRP5g/video.html once you've finished that one, watch this video again, it's the same process you'll go through with your Trezor, we just happen to be using a Ledger. Let us know how it goes, and we are happy to help further
@@WoodlandPools thank you for patience 😊. I’ve watched your video 🤯😂. So what I now understand is that with the exception of the 15 or so crypto assets showing in Trezor, you need to add a UI to Trezor for the other 1600 assets, such as ADA. Does this therefore mean we can never see a portfolio overview in our Trezor ? What about if we use an interface like Exodus… ? Also if we needed to restore the Trezor, would we simply add the Yoroi interface again and « see » our ADA again ? So far only done test transaction from an exchange and scared to make this next leap (rest of funds and then staking to Aspen 😉) and lose my ADA. BTW have you got a video that follows on from the setup of Trezor and just explains adding various of the 1600 crypto assets not already showing in Trezor, or have you come across a video like this ? Trezor support seems non existant… 🙏🐳
Hi there, when I click withdrawal it gives me two options, Keep registered, and deregister. It says that I should NOT deregister if this staking key is used as a stake pool's reward account, as this will cause all pool operator rewards to be sent back to the reserved. What does that mean? Also when I select that, it gives me my final balance is only a bit more than my rewards but does not show my initial delegation. Please help!
Those two options generally refer to if you want to just withdraw the rewards balance itself, or if you also want to fully "undelegate" or remove the wallet completely from delegation. The former withdraws any existing rewards, but leaves the wallet registered with the network for staking (so you can add funds and have them automatically staked in the future). The latter withdraws the rewards, and also refunds the 2ADA deposit (minus the transaction fee) and removes the wallet completely from the staking/delegation process. We recommend to only use the second option if your'e 100% sure that you don't intend to use this wallet to stake/delegate ever again. If you think you will delegate from here again, then choose the first option, which leaves the wallet registered, and just withdraws the rewards. In terms of the balance, the balance it shows you on these screens should correspond to the rewards only, not to your full wallet balance. You'll confirm the withdrawal of the rewards, and then it'll be added to your full wallet balance.
I was trying to add Yoroi to my iPhone thinking I could just log in. Instead, I am asked to Create a Wallet again. I tried to restore with my backup Phrases but the app requires 24 words and I can't get past it, with the 15 that were given. What Gives?
Are you using Yoroi paired with your Ledger, or a Yoroi Software Wallet? With Ledger, you need to connect over bluetooth. With the Yoroi Software Wallet, you're going to want to go to "Restore Wallet", and on the next screen, the top button in green reads "15-Word Wallet". They highlight it in green to make it more obvious as the preferred choice, but it actually makes it look like a heading and not a button, so maybe that's why you missed it. If you enter your 15-word passphrase after selecting that option, your software wallet should be cloned on your mobile device. I just tested and confirmed as well. Let us know how it goes
@@WoodlandPools I figured out the 15 words. not Leger. Following along with you Video. Placed it on my Laptop thinking I could also excess with my IPhone with signing in.
easy! All you need to do is send more funds to one of your addresses in the Receive section of Yoroi, and the new funds will automatically be added to your delegated balance. We dig into this common question and others int his vid: czcams.com/video/K79JSA5mLfY/video.html
Great tutorial! I followed all the way to trying to stake using Yoroi wallet. I picked a pool but when I go to delegate none of my ADA shows up in the field where it is supposed to. It's just blank unlike yours.
Glad it helped! Man, I'm sorry to hear that, you're the third person to mention this issue this week. I wonder if Yoroi is having an issue... others tried removing Yoroi and restoring the wallet, or maybe just wait a while and come back. I wish I had a better answer for you, but it seems to be a known thing. Maybe try commenting in one of the other comments below where folks had the same issue and see how they resolved it? Hopefully one of the other two who had this issue had a good solution. If you do find a concrete fix, please let us know so we can help others when they run into it.
Were you able to get this resolved? If so, what did you end up doing to fix it? We've had several community members with this same issue, so any shared information helps!
@@WoodlandPools I don’t know what fixed it but when I tried it today it worked. Thanks again. Do you have any tutorials on how to integrate Yoroi wallet with Ledger Nano S hard wallet?
@@toddfrancesconi Hm good to know. So if anything "wait and try later" seems to be the thing that's worked for most people. Very frustrating for you in the moment, but it's good to see that it resolves itself :) We don't have a video on the Ledger Nano S, but we do have one for the Ledger Nano X, which has the same UI, just that the hardware itself is a little smaller. It should basically be the exact same setup. czcams.com/video/cM37gPGetKY/video.html Once you have the wallet set up, you can follow the same pairing steps we did in the Yoroi video to get the Yoroi UI working for your Ledger: czcams.com/video/Q1ZJS7KvwGc/video.htmlm49s Let me know if that helps!
@@WoodlandPools Thanks for the links. Also I finally got a response from EMURGO Technical Support Desk and they confirmed they had a bug but fixed it so hopefully this won't be an issue for others going forward.
Happy to help! When you're done using Yoroi you can just close the browser tab. Whenever you want to check your funds or do any other actions, you just reopen the Yoroi browser extension, and it'll have your balances ready for you
@@gih8243 no worries! A few things to keep in mind: The reason you can see your balances at a glance without any additional verification, is because the balances and their addresses are publicly available on the blockchain. Obviously no one knows that it's you, but the address and its balance is publicly available. This video may help clarify: czcams.com/video/B0so9yDRP5g/video.html Then from a security standpoint, even though you can glance at the balances at any time, you still need to verify that it's you in order to take any action with those balances (send, delegate, register to vote). On a hardware wallet (Ledger/Trezor) you'd need to have the device plugged in and confirm physically. On a Yoroi Software Wallet, you'd need to enter your spending password. So you should be good to go!
Thanks for the Video, very helpfull! May i ask one Question- I see 340 Ada as Fees for delegating on every Pool- Is this correct? And would this mean that i.E. 1000 Ada stacked at an APY of 5% only would pay out positively after more than 3 Years?
good question. The 340 comes from the total pool rewards, not your specific payout. This video should help clarify further: czcams.com/video/jfd2Qg9ZGk0/video.html
If you are staking your ADA and send more ADA to your wallet, are these automatically also staking or do you need these ADA manually add to your stake pool ?
Good question! If you've already delegated your funds in your wallet, any additional funds you send will automatically be delegated as well. Check out our "5 most common questions" video where we look at this and other common confusions about staking: czcams.com/video/K79JSA5mLfY/video.html
unfortunately you can't use your Ledger recovery phrase to restore Daedalus or Yoroi, but since you already have a Ledger, you can use Yoroi, Daedalus, or Adalite interchangeably and have Ledger manage everything for you. For some additional clarity, check out our video on keys, addresses, and wallets: czcams.com/video/B0so9yDRP5g/video.html
Hi, I am a noob here. Could you please also show the procedure that you skipped to receive Ada from an exchange? Which exchange can give me a minimum fee deduction? And best practices in buying the Ada through exchanges? I'm stuck there. Could you please make a tutorial on that? I'll continue to the delegation process later following that tutorial. There might be other tutorials out there about this information. But, I'm finding your complete step-by-step breakdown of the process very understanding. Thank you.
@@WoodlandPools Yes definitely. Thank you 🙂.. Please do this tutorial as soon as possible before the Ada rate goes even higher for us to buy it. We had a very lucky chance to buy at around 80 cents dip today.. but didn't had enough knowledge on exchanges.
We'll do our best! Also, make sure to try to keep a level head during this time and not get too swept away with the market euphoria. Not financial advice, but there's no way of knowing if the price will continue up, or if it'll come crashing down next week. In the meantime, we recommend you check out our video about making a plan: czcams.com/video/28W6TG73RQ0/video.html More to come soon!
@@WoodlandPools Yeah Sure definitely. I watched that video also and prepared a plan that might work for me with your suggestions and pointers. In fact I watched all of your videos and did some more research. Now set to implement the plan and learn more and more on the way...😊
Oh awesome to hear! Keep learning and you'll be in great shape. This trading/investing game is all about showing up every day and learning more. We'll keep you posted when the exchange tutorials get published. In the meantime, keep learning, and the good ideas coming!
WP I had another few questions that I was hoping you could help me with. I originally set up just a software wallet on Yoroi so I could transfer my ADA off the exchange and into the wallet as you advised. I have accomplished that and now thanks to Yoroi bug fix I delegated my ADA to a pool. In the meantime, I ordered a Ledger Nano S and installed that and now read that I have to create a new profile in Google so that I could download and create a new Yoroi extension using that profile which I did successfully. From what I understand I need to create a new association to my new hardware wallet which I guess is like a new Yoroi account?? The next step I want to take is to send my ADA from the Yoroi software wallet to the newly created Yoroi-Ledger wallet that I created (a little panicked about doing this btw) so that I can store my private key on the Ledger Nano S instead of having it stored on Yoroi servers. Am I making sense so far :) Also, my other question is once and If I can successfully transfer my ADA to the new Yoroi-Ledger wallet will I lose it's delegation status to the pool meaning I will have to go through and delegate again and sit out and wait for a few more Epoch's to occur before I start gaining interest? Or is the delegation a transaction that is being tracked on the block chain and has nothing to do with where I store my private keys or wallets etc. and therefore exists until I proactively change it or delegate elsewhere like to your pool for helping me so much ;)
Great questions! Let's see which we can help answer: - First, congratulations on getting a Ledger! You shouldn't need to do anything special here to create the Ledger wallet's interface with Yoroi. You shouldn't need a different extension or Google profile. You should be able to pull up your existing Yoroi browser extension, click on "My Wallets" on the left hand side, and then click on "Add Wallet" and select Ledger. From there you should be able to set the Ledger up as an additional wallet the same way we do at this point in the Yoroi video: czcams.com/video/Q1ZJS7KvwGc/video.htmlm47s - Once your Ledger wallet is set up, then yes, it is essentially an entirely different wallet with different keys, addresses, everything. So you'll need to do a Send transaction from your software wallet to the Ledger hardware wallet (you can manage both in Yoroi, just one will be the Yoroi's software wallet and one is hardware wallet managed by Ledger) and transfer the funds between them. Remember to do a test transfer first! Once you see the test transfer successfully go through, send the balance and then you'll be fully on your Ledger. - Because the Ledger wallet (using Yoroi UI to manage) and the Yoroi software wallet are totally separate, then unfortunately you will need to re-delegate and wait for the lag again. It will hurt in the short-term, but after the 15-20 day lag, you can forget about it and know that for your much longer-term plans, you're all set and have full custody over your coins on your own personal hardware wallet. - Once you've re-delegated, you can use our Payout Estimator Tool to see when to expect your first rewards on your new Ledger wallet. If you haven't already, check out our Cardano Delegation Cycle video which goes through the process and the estimator tool: czcams.com/video/4JT-pX-NjHQ/video.html - Last thing, once you've moved all your funds off the software wallet to the hardware wallet, be sure to check back on that wallet after a few epochs to see if you received any rewards from previous snapshots. If you do, just withdraw them, and send those over as well. You're almost there! Once you get set up on the Ledger, you'll be in a much better state to move forward. Keep up the great work!
@@WoodlandPools I wish I read your comment before I read the advice on Ledger site. No big deal that I now have a new profile in Google but it would have been nice to have it all in one place, one profile, two wallets. See the requirements below from Ledger on How to use Ledger Nano S with Yoroi (Cardano). I guess they need to update the requirements. Yoroi, a Cardano light wallet by Emurgo, now supports the Ledger hardware wallet. Hardware wallets make it possible to sign transactions using a device connected to a computer through a USB cable. Private keys, which are used to generate valid transactions, never leave the device. This provides a step up in security compared to just storing everything in a computer. The hardware wallet acts as a wall to any software in the computer trying to access the private keys, because it requires user interaction and the input of a secret pin known only by the user. Requirements You must have already set up your Ledger Nano S. You must have the latest firmware installed. You must have already installed Yoroi Chrome Extension. (If you already are using Yoroi), you must create a new Chrome Profile and install Yoroi. This will allow you to transfer your crypto assets from your current account over to a new one linked to Ledger.
@@toddfrancesconi ah yea that's frustrating. But at least you were able to get set up on the second profile. Were you able to get everything sorted out and transferred between the two wallets?
@@WoodlandPools yes! The minimum transfer was 8, not too much, but still, I didn't want to lose anything. I closed Yoroi and restarted it and it was there. 👍
I am interested in your pool and the value you bring seems amazing!! I just got some questions related to overall ADA pool on Yoroi wallet. 1. Does the reward automatically get delegated to the delegated pool right away, resulting in compound interest? Or do i have to withdraw it and delegate it separately to other pool or the current pool I have? 2. Id like to diversify my ADA into a few other pools as well, and I read that I could delegate to other pools in the SAME yoroi wallet, but it seems like i cannot do that on it. Is it actually possible to delegate to multiple poos in the same yoroi wallet I have or not possible yet? 3. I just moved more ADA into yoroi wallet from my hardware wallet and tried to delegate to your pool, but it does not allow me to choose the amount of ADA i want to delegate. I cannot even click on the Amount box that I want to delegate to. Do you know why? is it technical error or is it because I just moved my ADA to yoroi wallet therefore it needs some time to process that I received ADA and after that I would be able to delegate? Thank you :)
Thank you, we try to help however we can :) Great questions! A couple are some of the common ones we hear all the time, and we'll be featuring them in our upcoming "5 most common Cardano staking questions". I'll paste the video here when it's published. But in the meantime, the answers to your questions: 1. Yes, the rewards address is linked to the addresses on your wallet and is automatically added to your stake. Compounding interest is exactly how to think about it :) 2. Great question. We were confused by this too. Doing a quick glance at the Cardano org's FAQ cardano.org/stake-pool-delegation under "Can I delegate to multiple stake pools" they say you can on Yoroi, but then at the bottom of the answer it says "It is worth noting that multiple-pool delegation using a single wallet will not be supported on the mainnet." Bummer. So if you want to delegate to multiple pools, you'll need to use multiple wallets. 3. We just had another community member have this same problem. They deleted and restored their Yoroi wallet using the 15-word passphrase and it solved their issue, but now that you're having the same one, I wonder if maybe it's a Yoroi issue. Did the additional processing time help? Let us know how else we can assist
@@WoodlandPools Thank you for your answers. I have asked other experts as well and found out that after Mary hard fork, we should be able to delegate to multiple pools in the same wallet. Not too sure if that will be the case right on March 2nd, but definitely sure that new feature will be added soon after. I will try to delete and restore the wallet and see how it goes. Thank you again.
Oh thank you for the heads up! No one can know everything, and we're all learning together as we go. We really appreciate you circling back and letting us know what you found. If you come across any additional material around this, please let us know. In the meantime, we'll be on the lookout as well after Mary. Thanks again, and welcome to the community!
Were you able to get the grey delegation box issue resolved? If so, what did you end up doing to fix it? After your initial question we had several community members with this same issue, so any shared information helps!
Thank you again for the great questions! As promised, here's our new "5 most common ADA staking questions video", which addresses yours as well as several other common community questions. czcams.com/video/K79JSA5mLfY/video.html
Great video! When I scan the address into Crypto.com, I get an invalid address message. It appears that the entire code is not being copied. Any suggestions or idea why this is happening? Thanks a bunch!
hmm, not sure. Make sure you're clicking the "copy" icon next to the address so that it copies the entire thing. You can also try pasting it into cardanoscan.io/ to make sure it's a valid address. Let us know how it goes
Also, we might be able to help more easily in realtime. Join us tomorrow 4/21 at 6pm ET for our Cardano Q&A Live Stream and we can try and figure it out together 😃
You can use both Yoroi or Daedalus without a hardware wallet and stake your ADA to a Stake Pool directly from either wallet. is that what you meant? Once you have the wallet set up, you can use their relative stake pool explorers and select a pool, or search for a specific one. We show how-to for Yoroi in this video, and we have a Daedalus one as well. Average long-term rewards for ADA Stake Pools is ~4-5%. Let me know if that helps or if we can help with anything else!
Good question! Check out our video on "5 most common questions" we cover a few different selling scenarios. I think you'll find it useful: czcams.com/video/K79JSA5mLfY/video.html Let me know if you still have questions!
Yes, the 2ADA is a deposit. If you decide that you're done staking and do not want to stake with any pool any longer, you can have the 2ADA deposit refunded (minus the ~0.2ADA transaction fee)
@@wory3692 Good question. The 2ADA is a one-time deposit to set up your staking address. Then, from there, keep in mind that delegating to a stake pool is a Cardano network transaction just like sending ADA to an address, so it will have associated network fees. For that reason, any time you delegate to a stake pool (or change pools) you'll need to pay the ~0.2ADA fee. So your first time delegating ever should be ~2.2ADA (2ADA deposit + ~0.2ADA fee). And from then on only the ~0.2ADA fee if you decide to switch pools.
What is happening if I can't see my funds and rewards in yoroi. It says this: "we are experiencing synchronization issues, pull to refresh". Did i loose my ada coins 😳???
no, I highly doubt you lost your coins. If you didn't send them anywhere, then you have nothing to worry about. Also, as long as you have your recovery phrase, you can always restore a new wallet
I just tried again I couldn't wait, and used the correct recovery phrase and spending password, it created a New wallet, with 0 funds. I delegated in the pool kyynb, did they stole my funds, omg i am so worried. I thought the recovery phrase recovered the wallet, but it opens a New wallet. I still have my old wallet, and the error message is still there. Synchronization problems, pull to refresh.
I opened a wallet on daedalus - then transferred the wallet to yoroi. It's been about a month and I want to test my key phrase (for peace of mind) Is there an easy way to do that?
If I'm understanding your question correctly, yes. What you'd do is start off by staking from your Yoroi Software Wallet, and then when your hardware wallet arrives, create a new wallet in Yoroi for the hardware wallet. You will need to do a "send" transaction between them, though, to the hardware wallet's address, which will basically result in the timer starting over for the 3-epoch lag for rewards on your hardware wallet. But this will just be a one-time pain, and after that you can feel secure that you're managing all your funds in your own hardware wallet with your own keys! Also, keep in mind that when you transfer the funds off the software wallet to the hardware wallet's address, due to the way the delegation cycle works from snapshot to payout, your software wallet address might continue getting rewards for a few epochs. Make sure to check back on your software wallet after 15 days or so and send any last rewards that came in to the hardware wallet. Hope that helps!
@@WoodlandPools WP I wake each day thinking I will lose my Ada in yoroi. I know you may have answer this but need reassurance. When I set up yoroi I just connected Trezor t and clicked hardware wallet. Then received Ada in yoroi. Why I worry is if my pc fails or my Trezor how will I get yoroi keys back if I didn’t create a password and 12 words on yoroi? 1. Should I move Ada back to an exchange and then create yoroi with a password and 12 backup word and then click hardware wallet or no need to do any of this? The reason I may not need to move it back to exchange is that all my Ada is on Trezor t and if pc browser fails and pc fails and Trezor t fails - it doesn’t matter because as long as I have my Trezor t backup phase I just get another pc - setup the yoroi extension on a new pc - buy another Trezor t and do the Trezor t recovery - will my new Trezor still hold my Ada? Or should I do what I asked in point 1? Regards J
@@jasonjamin1716 fair questions and common fears! But you're exactly right in your second point. If you set up Yoroi paired with your Trezor T, then the private keys that are managing your coins are generated by the Trezor T and your Trezor recovery phrase. If anything were to happen to Yoroi, your PC, or your Trezor, you could just get another Trezor, restore it from backup, and pair it to Yoroi, and you'd have the exact same balances as before. This video on how keys, wallets, and addresses work together should help clarify further: czcams.com/video/B0so9yDRP5g/video.html
No worries! Nope, you only have to delegate once, and then it's "set it and forget it". Keep in mind there is a difference between your fees to delegate, and the fees associated with the Stake Pool when rewards are distributed. For your personal delegation fees, those are paid only once for each time you initially select and delegate to a Stake Pool, and they are paid to the Cardano network. The first time you ever delegate to anyone, there is a staking address registration fee of 2 ADA, and any time you delegate to a pool, the delegation fee is ~0.2ADA. So your first time ever would be ~2.2ADA, and then after that any time you switch pools would be only ~0.2ADA. Then, separately, there are the fees that the Stake Pool charges when rewards are assigned to the pool. Keep in mind this only happens when rewards are assigned, and the fees come from the total pot of rewards before they're distributed to the rest of the pool's delegators. So for example if on a given epoch there was 10,000ADA awarded to the Stake Pool, the SPO would take their fees off the 10,000 and the remaining amount would be split evenly among all the delegators proportionately to their relative stake. Hope that helps!
@@WoodlandPools Ouch. I guess I paid another fee on same stake pool. It was weird to me because I didn't see my total delegated for stake on dashboard during the next epoch so I thought I had to pay again. Well, lesson learned. Thank you!
Ah yea, that's too bad. At least the re-delegation fee is less than 1ADA, so it'll pay itself back the first time you get your staking rewards :) Happy to help, and happy staking! Keep the great questions coming
Hello again! Wanted to follow up - we just published a new video explaining fees and payouts and thought you might enjoy it: czcams.com/video/jfd2Qg9ZGk0/video.html Keep the great questions coming!
I don't know that there's a way to actually log off, but keep in mind that you need to enter your spending password to approve any transactions, so that functionality serves a similar purpose from the standpoint of security
Woodland Pools. yea. I searched and found out there is no way to log out, and you're right about needing a spending password to do any transactions. I will soon buy Ledger Nano X. Can I buy coins on Ledger? Thanks
@@kofi2144 cool, congrats! Yea, Ledger has integrations to buy straight from the Ledger, but we've not personally used it. Once you get it set up, if you end up buying through it, let us know how it works out for you. Feel free to join us in our Telegram group as well t.me/WoodlandPools
1. if you're just looking to sell your ADA, you can just use the "Send" section and send the funds back to the exchange to sell. 2. if you want to withdraw your rewards, you can click on "Withdraw" on the "Dashboard" section. 3. if you want to fully undelegate (remove your wallet's registration from staking altogether) when you click "Withdraw" also click on "Deregister". Keep in mind if you ever decide to delegate again in the future, you'll need to re-register again. For this reason we usually recommend people don't fully "undelegate" but instead just do steps 1 or 2 above
Good question! The 2 ADA is a refundable security deposit to begin staking with the network. Note that this is a one-time fee to begin staking in general, and is not something you have to pay again when you switch pools. You only pay the transaction fee of ~0.2ADA to switch pools; the refundable 2ADA you only pay once to register the wallet with a staking address. If you choose to unstake/undelegate completely, you can get the 2 ADA back, minus the transaction fee of ~0.2ADA or so.
Which pool specifically? For ASPEN, we charge the minimum fixed 340 fee, and only 0.5% variable fee currently. For a better idea of how fees and rewards work together, check out our video on that: czcams.com/video/jfd2Qg9ZGk0/video.html
@@cesar5555 yes it's always available when you have Google open. But to send any ADA you have to enter your spending password. There's no notion of logging in and out, though.
Good question. Yoroi doesn't have a login or logout, but if you're using it as a software wallet, you have to enter your spending password to authorize any transactions. If you're using a hardware wallet (Ledger or Trezor) with it, then it's even more secure, as you have to have the device physically plugged in to authorize transactions. Are you using Yoroi software wallet, or are you paired with a hardware wallet?
@@WoodlandPools well i was going to use the chrome extension but am worried that it could be hacked. So I've looked at possibly using the app but I've read many reviews on the android app store whereby many people have lost their ADA because the app has malfunctioned somehow so I've been put off from using the app. Maybe il use the chrome extension and use a Trezor T to go with it. What concerns me also is that some people have seemed to have lost funds using the chrome ext and yoroi doesn't seem to respond to emails an when they do they basically say its not their fault as they don't hold the keys. I just think it can be hacked and I would much rather be able to send ADA direct to my Trezor like I have done for BTC and ETH
These are fair concerns. If you have a Trezor, then that's the way to go. Keep in mind that with a hardware wallet setup like the Trezor, the Trezor is the one creating and managing the private keys (the real sensitive part of the wallet) and the Yoroi extension in that case is just the UI-layer used to manage the Trezor's funds. If you're not confident in Yoroi, you could give Daedalus or Adalite a try. Check out our video comparing the 3 wallets. Since you're using a hardware wallet and just need a UI to manage it, you can choose between all 3: czcams.com/video/pbZx0O4f0uw/video.html Let us know if we can help with anything else
Hey, I'm trying to find out how to cancel my stake pool that I'm delegate with for few weeks and switch but I don't know how to do it. Can you help please? Thanks
No problem! You don't need to manually cancel the first pool, it will automatically switch you over when you select and confirm your new pool. Once you've switched, the UI of your preferred wallet should indicate your selected pool as the Delegated one. If you're using Yoroi, you should be able to just go to the Delegation List tab, and in the search field either enter the ticker symbol of the new pool, or the new pool's Pool ID. Then when the new pool appears in the search results, just click Delegate. Here's the relevant section of the Yoroi video showing how: czcams.com/video/Q1ZJS7KvwGc/video.htmlm10s In Daedalus, you can search for a pool by its ticker or pool ID. Here's the section of the Daedalus video showing how: czcams.com/video/nbYvXnfPiSM/video.htmlm20s In Adalite, you'd need to search for the pool on PoolTool, copy the Pool's ID, and paste it in the Delegate Stake field in Adalite. Here's the segment of our Adalite video showing how: czcams.com/video/8u7ba3FIwi0/video.html&feature&t=9m25s Hope that helps!
Oh ok. That's actually how I was trying to do it so I was doing right. looks like I have some wallet issue. When I click on delegate than window where you put amount of ADA and spending password the window for amount is actually empty and I'm not even able to manually type anything in. There must be some issue. I already contacted yoroi team but they didn't answer yet. Thank you for replying!
heh, hopefully they'll be able to in the future! For now I suspect it's because aside from just tracking your "value" (amount of coins) like BTC or whatever else, an ADA wallet needs to also be able to handle staking addresses for delegating as well as voting addresses for Project Catalyst, so there's a lot more involved
Hi, thanks for sharing this. I jumped forward to the how to delegate in the staking centre. I understand it would be good to delegate to Aspen but please consider a part 2 of this video taking a deep dive into what the details behind each pool tells you about the pool (score, pledge etc.) Should I diversify and delegate small amounts across many pools or delegate to one pool? What determines how/ when rewards are granted. Thanks.
Excellent question. We will be making followup videos soon on how to use PoolTool to select a pool, and an explanation of the delegation rewards payout cycle. Stay tuned!
Here you go! czcams.com/video/wF0adviOgSs/video.html
i was about to ask, thank you for the link
@@WoodlandPools Thank you.
Thanks for the great videos explaining how stuff in the Cardano world works. I am happy to say that I just got my 1st Aspen rewards from E254. Did you already cover how it works with Yoroi in terms of what to do next in terms of the rewards? Can you add rewards to an existing stake or do you need to accumulate them and then stake? Please share some advice. Thanks
Your intros are hilariously spot on
haha, glad you like them! We try to be real 😂
Its like the intros are speaking directly with my crypto problems, this channel has the solutions
Hey man, just coming by to let know that I have delegated to your pool. You brought me value through these videos and I appreciate that. Stay humble!
Thank you SO much, and welcome aboard! We're really glad to hear you've gotten value out of the content. Any other topics you'd like to see us cover?
Here's to growing our investment together!
Thanks for your videos + positive & humble energy! I just staked to your ASPEN pool on Yoroi. Much love from Taiwan. -John
thank you, and welcome to the community!
Just added my two cents to your delegation pool as a reward for your work. Your videos are really useful and educational.
thank you so much, and welcome to the community! Here's to growing together 🍂🤓📈🍂
Would love a video that goes into detail about how to understand what all the numbers displayed for the pools mean so we can make an educated decision which pool to select. But great video, thanks.
got just the video for you!
czcams.com/video/wF0adviOgSs/video.html
This is exactly what I’ve been looking for
So glad to hear it! Let us know if there are any other specific topics you'd like to see covered in the future.
Great video!! I couldn’t have done this without you
Good video very informative it helped me get the job done.
so glad to hear it helped!
Again great content on setting up Yoroi, LIGHT YEARS ahead of Daedalus in terms of setting up on desktop/mobile flexibility!
Quick question, can someone explain to me this whole 'Staking Pool' and 'Delegation' in layman terms.
Great video, I just have one question. I created a yoroi wallet directly from the ledger, so I didn't have to write down a secret phrase. If i were to one day restore this wallet, how would i do it? I would just restore my ledger in ledger live and then just follow the same steps as before? i.e press connect to hardware wallet directly in the yoroi extension and voila?
yep, exactly! Check out our video on crypto keys, wallets, and addresses and how they all work together. It may help clarify further:
czcams.com/video/B0so9yDRP5g/video.html
Thank you so much for this! You are a treasure. So clear.
You're welcome! So glad to hear it was useful :)
Good Video! Can you create more than one wallet in YOROI and then stake each wallet to different pools? How do you stop your delegation from a pool? Can you switch delegation?
great questions!
1. yes! Currently multi-pool delegation from a single wallet is not supported, so what you've described is exactly how you'd delegate to multiple pools.
2-3. You can delegate to a new pool at any time by selecting them and delegating to them the same way you did to your first pool. You can also send your funds off your wallet at any time back to the exchange.
we address these and other common confusions in this video. Keep the good questions coming!
czcams.com/video/K79JSA5mLfY/video.html
hello again! multi-pool delegation is now available using ccvault. Check it out below!
czcams.com/video/RL4eQy0beC8/video.html
Excellent explanation, thank you so much, regards from Portugal :)
Glad to hear it helped! 👋
Got it done ☑️
sweet! Glad you found it! Let us know if we can help with anything else 🤓👍
Thanks ! very useful videos, clearly explained! I have a staking question :
If we stake (first time) Ada using standard Shelly Yoroi wallet (eg ada1), how do we link this wallet into the hardware wallet at a later time ? Shall we need 1) to create a new ledger wallet in Yoroi (ada2) and transfer the Ada from wallet ada1 to wallet ada2 or 2) somehow pair ada1 to the ledger thus continue using only the ada1 (linked to ledger)?thanks for the feedback!
Good question! Keep in mind that the Yoroi software wallet and the hardware wallet will have different sets of private keys generated from their different security phrase generation algorithms. There is inter-software-wallet support to link up Yoroi and Daedalus, for example, but not from software to hardware that we know of. So your scenario 1) would be how you'd need to handle it at that point.
oh, also, if you haven't already, check out yesterday's video on private keys, addresses, and wallets. It seems like a natural extension of this conversation, and might help give you some ideas:
czcams.com/video/B0so9yDRP5g/video.html
Keep the good questions coming!
@@WoodlandPools thanks for the prompt response. In fact, I just saw your new video about where our crypto reside that explains graphically the “owner” of the private and public keys. Being different for the cases of software and hardware wallets I suspected that it wouldn’t be possible to translate the public and private key from Yoroi to ledger. Thanks for confirming so. However, the ada transfer from yoroi to ledger, will it impact the staking ? ..i.e. shall we need to delegate the pool , then xfer to ledger and finally re-delegate from the ledger wallet to the pool ? ...all I am trying to see is if I need to wait until the ledger arrives before start staking (to avoid possible complication because of shifting from yoroi to ledger/yoroi wallet later ?
@@LS-on6qf Great questions. Yes, when you move your funds over to the Ledger and start staking there, since it's a completely new set of keys and addresses, you'll have the same initial lag till reward payout. But that being said, it's a one-time pain you'll have and once it's over you're all set and secure on your hardware wallet.
The main factor to consider if you wait for the Ledger or start staking on Yoroi without it is probably most dependent on your timeline. If you're ordering the Ledger soon and just need to wait a few weeks, then maybe just wait and do it all at once. But if the Ledger purchase is a while off or you haven't decided exactly when you're going to get it, I'd say just start on Yoroi now and move later. "done beats perfect" as they say 😃
@@WoodlandPools thanks again! I am placing the order tomorrow so I better wait. I hope they ship the nano x within 2 weeks as stayed on their site and not much later
@@LS-on6qf Sounds good! If you wouldn't mind using our affiliate link, we'd really appreciate it 😃
shop.ledger.com/products/ledger-nano-x?r=318c76eb025b
Excited for you, you're almost there!
How do I learn the reason for all this and get a full picture why I'm doing this... I'm hearing the components but don't understand how and why...I need a breakdown and why...
"why" can be a broad question, but it might help to better understand Proof of Stake. Here's a good video by Simply Explained which explains Proof of Work vs Proof of Stake:
czcams.com/video/M3EFi_POhps/video.html
with Cardano being a Proof of Stake protocol, when you delegate (or stake) your ADA, you're delegating to a Stake Pool like the ones mentioned in that video. The Stake Pools validate transactions on the network, and when the network rewards the pool for its validation efforts, all delegators (including you when you delegate) get to share the rewards.
Great video. Just set up my Yoroi wallet. Which one is better deadalus or yoroi? Which one has better rewards?
Thank you! Neither is better than the other, it just depends on your personal preference. If you haven't already, check out our video where we compare all 3 wallet options:
czcams.com/video/pbZx0O4f0uw/video.html
the wallet you use has no bearing on the rewards that are paid out, but if you're looking for a Stake Pool to delegate to, check out our video on selecting the right Stake Pool for you:
czcams.com/video/wF0adviOgSs/video.html
Just subscribed! If you haven't already, a video on staking fees and rewards would be a nice topic! Stay blessed.
Welcome aboard! We're happy to have you as part of the community.
Great suggestion. We plan on doing a video on this very soon. I'll let you know here when it's ready. Keep the good questions coming!
Hello again! Wanted to follow up - we just published a new video explaining fees and payouts as requested:
czcams.com/video/jfd2Qg9ZGk0/video.html
Keep the great questions coming!
You use brave, but your CZcams channel is not yet a verified creator. Considering your audience may be a way to receive additional support. Thanks for the content.
Great idea, thank you for the suggestion! Should be up and running now 😃
Great video. I’m a Yoroi beginner. I have a light wallet. I am staked to Meld pool but their ispo event ended and want to stake to a sundae swap pool scooper to gain rewards. How do I redelegate without jeopardizing my Meld reward tokens as I am still in the Meld stake pool but want to switch. When I tried clicking on withdraw a prompt screen popped up and I didn’t know what to do. It was asking me if I wanted to keep my address and so that I can receive the rewards. I clicked yes and I was promoted to enter in my spending password which I didn’t because I got worried that I wasn’t doing it right or that I was hacked or something. Can you clarify if their is normal? How should I redelagte to a new pool but without jeopardizing my meld staking rewards? Thanks
Question. If I already have Yoroi wallet but now I want to move it on a ledger, can I just restore the wallet on a ledger or do I have to create a new wallet? Thanks.
I have a question , why is it that My Delegated Amount (My Capital) and Available Fund is different when I received a REWARD ? Instead of earning , my Available Funds becomes lesser than my delegated funds? How come?
hm, that doesn't sound right. One thing to watch, however, is that Yoroi is working through some rewards display issues right now, so that may be part of the problem:
twitter.com/WoodlandPools/status/1441500219414286339
Hello, I have set up my trezor mode t wallet to yoroi chrome extension, do i get a 12/15/24 word phrase? and how do i connect the wallet to my Yoroi Iphone App? Is it only Read option? Thanks in advance
Hi, Thanks for sharing the video. One question, how do I change the ADA back to real cash to my bank account?
Thanks for the content man! I've delegated to your pool today. Can you explain what's "End of Epoch"
Thanks so much! Yea, so an epoch is the 5-day period that the Cardano blockchain uses to define a time period. "End of Epoch" lets you know the date/time that the specific epoch in question ends. Check out our video on the Cardano Delegation Cycle, it should help clarify:
czcams.com/video/4JT-pX-NjHQ/video.html
woodland pools: I watched your video and the question is I have a Nano ledger setup with my yoroi wallet staking, if I want to unstake and stake to a new pool do i need to connect my ledger to do so?
yea, any time you need to do any kind of transaction that requires any ADA to be spent (including just paying the network transaction fee to switch pools) you'll need to plug your Ledger back in to confirm the transaction. Congrats on staking with your HW wallet!
I moved my cardano to my yoroi wallet, and I had my ledger nano x logged into my PC but not sure why.
did you set up Yoroi as a Software Wallet, or did you pair Yoroi with your Ledger as shown at this step? 6:46
This video may also help clarify further what's handling what:
czcams.com/video/B0so9yDRP5g/video.html
love your videos, just had a quick question. after i delegate, if i purchased more ADA and transfer it over would it automatically be delegated to existing pool or do you recommend opening another wallet? Thank you
thank you! Yep, any funds that are added are also automatically delegated. We dig into this and other common confusions in our "5 most common questions" video, check it out:
czcams.com/video/K79JSA5mLfY/video.html
Thanks for this video. Very informative. Quick question, can I use my ipad pro for yoroi?
Good question. I'm honestly not sure. Here is the link to the Yoroi app in the AppStore. Try opening it up in your iPad and see if it lets you download it there:
apps.apple.com/us/app/emurgos-yoroi-cardano-wallet/id1447326389
Please let us know either way!
Do I have to connect my Trezor in order to delegate? My computer is prompting me to do so but that doesn’t seem to make sense since it’s supposed to remain in my wallet.
good question. The Trezor needs to be connected in order to initiate any kind of network transaction. Sending your ADA is a network transaction, but so is delegating. When it asks you to confirm, you should see that the only balance being consumed is the 2ADA deposit (which you can get back later if you'd like) to set up your Staking Address , and the ~0.17 ADA network transaction fee. You're correct that all your funds will otherwise remain on your wallet
What’s the benefit of staking on pool tool versus within yoroi
to clarify, you don't actually stake on PoolTool, PoolTool is just a useful tool to help you find your stake pool. Then, if you're using Yoroi, you can just find your pool of choice in their Delegation List, click Delegate, and you're all good to go!
I have a question, let suppose that I reached a good amount of money and I wanna withdraw some of it and put it in my bank account, how can I do it through my wallet?
good question! You can just send the funds you want to sell back to the exchange and sell them there. In Yoroi just go to the "send" section and in the exchange get your ADA address in the "receive" section for ADA. Always do a test transaction first!
Has your website been taken down I can’t see this on my Yoroi wallet
I have a question, so if I put some Ada into this and then delegated it and then a couple days later transferred more Ada into the app would I need to delegate again to the same place and get charged a fee or does it automatically get delegated when I send more to the app
Good question! This is a common confusion. Any additional funds you add to your wallet will automatically be delegated along with your existing balance. We actually answer this question along with a few other common confusions in our "5 most common questions" video. Check it out, it might help clarify further:
czcams.com/video/K79JSA5mLfY/video.html
Can you store your ADA onto your Ledger device aswell as keeping your ADA in a staking pool at the same time? I have a ledger device already and want max security. If so please do vid on it
When i created my YOROI wallet i clicked create new wallet instead of Connect to ledger device option so i think thats why im confused
EDIT: ideally what i want to do is stake my ada, earn rewards but also have them secure in my ledger device. Is that possible?
totally! Actually in this video that's what we show. Try watching the video again - we mention how to make a SW wallet, but in the video I go through all the steps (including the delegation step) with a HW wallet.
Also, this Yoroi video is a bit older. We now recommend folks use ccvault instead. Check out this playlist, it'll show you how to install ccvault, pair your HW wallet, and then how to delegate. czcams.com/play/PL3DtqUjro7uEdwbyqKovYGyH2zKaWbNUs.html
The only difference in the delegation video from what you'll see on your end with a HW wallet is that we enter a Spending Password, but instead you'll just confirm the transaction on your device. Let us know if we can help with anything else!
Hello - Would you be able to do a video on withdrawing rewards from Yoroi? I went through the withdraw process for the first time. I don't know where the rewards went, I thought they would have gone to the main balance but they haven't. I've heard of others having the same problem.
sounds good, we'll add it to the list and get a tutorial together!
i try to use the yoroi on the browser extension with ledger but it's only allowing me the BYRON wallet even though I select Shelley... any advice?
hm, that doesn't sound right at all. You should be able to select Shelley like we do in the video. If for some reason that UI isn't working, you might want to try reaching out to Yoroi/Emurgo support:
yoroi-wallet.com/#/support
Mine generates a new wallet address every time.......
that's ok. You can use new addresses or reuse old ones. Both will work
@@WoodlandPools Will I have to treat each address as a seperate transaction, or does yoroi just pull the amount needed? For instance, say account address ONE has 10 ADA in it, and address TWO has 5 ADA then I send 15 ADA from yoroi to an exchange in one transaction. Will it pull from both addresses or willi have to send 10 then send 5. Thanks.
right, your wallet is the aggregate of the balance on all addresses, so it would be 15 ADA. You’re all set
I have a Trezor T. I followed your steps and connected Yoroi to my hardware wallet. I also sent ADA from exchange to Yoroi. However, whilst I see these funds in Yoroi, I don't see these funds in Trezor T (I understand the funds are actually in my Trezor as I haven't set up a Yoroi wallet). I haven't yet staked the ADA. Do you have a short video to explain just the simple process of viewing our ADA portfolio in Trezor. I'm finding this incredibly unclear.... HELP. I also find it unclear how to activate ADA asset in Trezor. I saw one of your videos doing this with ADA lite.
good questions! You're on the right track, but it seems like there's some confusion about what is handling what.
Keep in mind that as you mentioned, Trezor is creating your private/public keys as well as all of your addresses. When you pair Yoroi with Trezor, you're only using Yoroi as the UI to handle balances and transactions, but they are still managed by the Trezor itself. This video may help clarify further:
czcams.com/video/B0so9yDRP5g/video.html
once you've finished that one, watch this video again, it's the same process you'll go through with your Trezor, we just happen to be using a Ledger. Let us know how it goes, and we are happy to help further
@@WoodlandPools thank you for patience 😊. I’ve watched your video 🤯😂. So what I now understand is that with the exception of the 15 or so crypto assets showing in Trezor, you need to add a UI to Trezor for the other 1600 assets, such as ADA. Does this therefore mean we can never see a portfolio overview in our Trezor ? What about if we use an interface like Exodus… ? Also if we needed to restore the Trezor, would we simply add the Yoroi interface again and « see » our ADA again ? So far only done test transaction from an exchange and scared to make this next leap (rest of funds and then staking to Aspen 😉) and lose my ADA. BTW have you got a video that follows on from the setup of Trezor and just explains adding various of the 1600 crypto assets not already showing in Trezor, or have you come across a video like this ? Trezor support seems non existant… 🙏🐳
Hi there, when I click withdrawal it gives me two options, Keep registered, and deregister. It says that I should NOT deregister if this staking key is used as a stake pool's reward account, as this will cause all pool operator rewards to be sent back to the reserved. What does that mean?
Also when I select that, it gives me my final balance is only a bit more than my rewards but does not show my initial delegation. Please help!
Those two options generally refer to if you want to just withdraw the rewards balance itself, or if you also want to fully "undelegate" or remove the wallet completely from delegation.
The former withdraws any existing rewards, but leaves the wallet registered with the network for staking (so you can add funds and have them automatically staked in the future). The latter withdraws the rewards, and also refunds the 2ADA deposit (minus the transaction fee) and removes the wallet completely from the staking/delegation process.
We recommend to only use the second option if your'e 100% sure that you don't intend to use this wallet to stake/delegate ever again. If you think you will delegate from here again, then choose the first option, which leaves the wallet registered, and just withdraws the rewards.
In terms of the balance, the balance it shows you on these screens should correspond to the rewards only, not to your full wallet balance. You'll confirm the withdrawal of the rewards, and then it'll be added to your full wallet balance.
how to select staking pool? or how to know the best delegation staking pool?
great question! Check out our video on selecting the right Stake Pool for you:
czcams.com/video/wF0adviOgSs/video.html
sir please tell me...how to undelegate ada in yoroi wallet..please..make a video..fast very urgent sir please..
Yoroi is having an issue right now with rewards. But in the "Dashboard" tab, you click "Withdraw" and then "Undelegate"
I was trying to add Yoroi to my iPhone thinking I could just log in. Instead, I am asked to Create a Wallet again. I tried to restore with my backup Phrases but the app requires 24 words and I can't get past it, with the 15 that were given. What Gives?
Are you using Yoroi paired with your Ledger, or a Yoroi Software Wallet?
With Ledger, you need to connect over bluetooth.
With the Yoroi Software Wallet, you're going to want to go to "Restore Wallet", and on the next screen, the top button in green reads "15-Word Wallet". They highlight it in green to make it more obvious as the preferred choice, but it actually makes it look like a heading and not a button, so maybe that's why you missed it. If you enter your 15-word passphrase after selecting that option, your software wallet should be cloned on your mobile device. I just tested and confirmed as well.
Let us know how it goes
@@WoodlandPools I figured out the 15 words. not Leger. Following along with you Video. Placed it on my Laptop thinking I could also excess with my IPhone with signing in.
@@portiers awesome! glad to hear it
Can you connect the ledger nano x to yoroi with an android phone?
yep! Just go to this link on your smartphone
play.google.com/store/apps/details?id=com.emurgo&hl=en_US&gl=US
Question: how do u add more Ada to the staking pool?
easy! All you need to do is send more funds to one of your addresses in the Receive section of Yoroi, and the new funds will automatically be added to your delegated balance. We dig into this common question and others int his vid:
czcams.com/video/K79JSA5mLfY/video.html
Great tutorial! I followed all the way to trying to stake using Yoroi wallet. I picked a pool but when I go to delegate none of my ADA shows up in the field where it is supposed to. It's just blank unlike yours.
Glad it helped! Man, I'm sorry to hear that, you're the third person to mention this issue this week. I wonder if Yoroi is having an issue... others tried removing Yoroi and restoring the wallet, or maybe just wait a while and come back. I wish I had a better answer for you, but it seems to be a known thing.
Maybe try commenting in one of the other comments below where folks had the same issue and see how they resolved it? Hopefully one of the other two who had this issue had a good solution. If you do find a concrete fix, please let us know so we can help others when they run into it.
Were you able to get this resolved? If so, what did you end up doing to fix it? We've had several community members with this same issue, so any shared information helps!
@@WoodlandPools I don’t know what fixed it but when I tried it today it worked. Thanks again. Do you have any tutorials on how to integrate Yoroi wallet with Ledger Nano S hard wallet?
@@toddfrancesconi Hm good to know. So if anything "wait and try later" seems to be the thing that's worked for most people. Very frustrating for you in the moment, but it's good to see that it resolves itself :)
We don't have a video on the Ledger Nano S, but we do have one for the Ledger Nano X, which has the same UI, just that the hardware itself is a little smaller. It should basically be the exact same setup.
czcams.com/video/cM37gPGetKY/video.html
Once you have the wallet set up, you can follow the same pairing steps we did in the Yoroi video to get the Yoroi UI working for your Ledger:
czcams.com/video/Q1ZJS7KvwGc/video.htmlm49s
Let me know if that helps!
@@WoodlandPools Thanks for the links. Also I finally got a response from EMURGO Technical Support Desk and they confirmed they had a bug but fixed it so hopefully this won't be an issue for others going forward.
Thanks for this informative video. How can I exit yoroi wallet when I finished transfering...? Thank you
Happy to help! When you're done using Yoroi you can just close the browser tab. Whenever you want to check your funds or do any other actions, you just reopen the Yoroi browser extension, and it'll have your balances ready for you
@@WoodlandPools Thank you very much! It seems not to be safe not being to exit. But your answer makes me feel good
@@gih8243 no worries! A few things to keep in mind:
The reason you can see your balances at a glance without any additional verification, is because the balances and their addresses are publicly available on the blockchain. Obviously no one knows that it's you, but the address and its balance is publicly available. This video may help clarify:
czcams.com/video/B0so9yDRP5g/video.html
Then from a security standpoint, even though you can glance at the balances at any time, you still need to verify that it's you in order to take any action with those balances (send, delegate, register to vote). On a hardware wallet (Ledger/Trezor) you'd need to have the device plugged in and confirm physically. On a Yoroi Software Wallet, you'd need to enter your spending password.
So you should be good to go!
@@WoodlandPools Thank you for your reply and the link. It helped a lot. My third transaction went trough and all went well.
@@gih8243 awesome! Happy to help :)
Thanks for the Video, very helpfull! May i ask one Question- I see 340 Ada as Fees for delegating on every Pool- Is this correct? And would this mean that i.E. 1000 Ada stacked at an APY of 5% only would pay out positively after more than 3 Years?
good question. The 340 comes from the total pool rewards, not your specific payout. This video should help clarify further:
czcams.com/video/jfd2Qg9ZGk0/video.html
@@WoodlandPools thank you for your time!
happy to help!
If you are staking your ADA and send more ADA to your wallet, are these automatically also staking or do you need these ADA manually add to your stake pool ?
Good question! If you've already delegated your funds in your wallet, any additional funds you send will automatically be delegated as well. Check out our "5 most common questions" video where we look at this and other common confusions about staking:
czcams.com/video/K79JSA5mLfY/video.html
would it be worth using my 24 phrase from ledger to restore a wallet on yoroi?
unfortunately you can't use your Ledger recovery phrase to restore Daedalus or Yoroi, but since you already have a Ledger, you can use Yoroi, Daedalus, or Adalite interchangeably and have Ledger manage everything for you. For some additional clarity, check out our video on keys, addresses, and wallets:
czcams.com/video/B0so9yDRP5g/video.html
Hi,
I am a noob here. Could you please also show the procedure that you skipped to receive Ada from an exchange? Which exchange can give me a minimum fee deduction? And best practices in buying the Ada through exchanges? I'm stuck there. Could you please make a tutorial on that? I'll continue to the delegation process later following that tutorial. There might be other tutorials out there about this information. But, I'm finding your complete step-by-step breakdown of the process very understanding.
Thank you.
Good suggestion! I think a lot of people might benefit from this. We'll make a few tutorial videos focused on exchanges. Stay tuned!
@@WoodlandPools Yes definitely. Thank you 🙂.. Please do this tutorial as soon as possible before the Ada rate goes even higher for us to buy it. We had a very lucky chance to buy at around 80 cents dip today.. but didn't had enough knowledge on exchanges.
We'll do our best! Also, make sure to try to keep a level head during this time and not get too swept away with the market euphoria. Not financial advice, but there's no way of knowing if the price will continue up, or if it'll come crashing down next week. In the meantime, we recommend you check out our video about making a plan:
czcams.com/video/28W6TG73RQ0/video.html
More to come soon!
@@WoodlandPools Yeah Sure definitely. I watched that video also and prepared a plan that might work for me with your suggestions and pointers. In fact I watched all of your videos and did some more research. Now set to implement the plan and learn more and more on the way...😊
Oh awesome to hear! Keep learning and you'll be in great shape. This trading/investing game is all about showing up every day and learning more. We'll keep you posted when the exchange tutorials get published. In the meantime, keep learning, and the good ideas coming!
WP I had another few questions that I was hoping you could help me with. I originally set up just a software wallet on Yoroi so I could transfer my ADA off the exchange and into the wallet as you advised. I have accomplished that and now thanks to Yoroi bug fix I delegated my ADA to a pool.
In the meantime, I ordered a Ledger Nano S and installed that and now read that I have to create a new profile in Google so that I could download and create a new Yoroi extension using that profile which I did successfully. From what I understand I need to create a new association to my new hardware wallet which I guess is like a new Yoroi account??
The next step I want to take is to send my ADA from the Yoroi software wallet to the newly created Yoroi-Ledger wallet that I created (a little panicked about doing this btw) so that I can store my private key on the Ledger Nano S instead of having it stored on Yoroi servers. Am I making sense so far :)
Also, my other question is once and If I can successfully transfer my ADA to the new Yoroi-Ledger wallet will I lose it's delegation status to the pool meaning I will have to go through and delegate again and sit out and wait for a few more Epoch's to occur before I start gaining interest? Or is the delegation a transaction that is being tracked on the block chain and has nothing to do with where I store my private keys or wallets etc. and therefore exists until I proactively change it or delegate elsewhere like to your pool for helping me so much ;)
Great questions! Let's see which we can help answer:
- First, congratulations on getting a Ledger! You shouldn't need to do anything special here to create the Ledger wallet's interface with Yoroi. You shouldn't need a different extension or Google profile. You should be able to pull up your existing Yoroi browser extension, click on "My Wallets" on the left hand side, and then click on "Add Wallet" and select Ledger. From there you should be able to set the Ledger up as an additional wallet the same way we do at this point in the Yoroi video:
czcams.com/video/Q1ZJS7KvwGc/video.htmlm47s
- Once your Ledger wallet is set up, then yes, it is essentially an entirely different wallet with different keys, addresses, everything. So you'll need to do a Send transaction from your software wallet to the Ledger hardware wallet (you can manage both in Yoroi, just one will be the Yoroi's software wallet and one is hardware wallet managed by Ledger) and transfer the funds between them. Remember to do a test transfer first! Once you see the test transfer successfully go through, send the balance and then you'll be fully on your Ledger.
- Because the Ledger wallet (using Yoroi UI to manage) and the Yoroi software wallet are totally separate, then unfortunately you will need to re-delegate and wait for the lag again. It will hurt in the short-term, but after the 15-20 day lag, you can forget about it and know that for your much longer-term plans, you're all set and have full custody over your coins on your own personal hardware wallet.
- Once you've re-delegated, you can use our Payout Estimator Tool to see when to expect your first rewards on your new Ledger wallet. If you haven't already, check out our Cardano Delegation Cycle video which goes through the process and the estimator tool:
czcams.com/video/4JT-pX-NjHQ/video.html
- Last thing, once you've moved all your funds off the software wallet to the hardware wallet, be sure to check back on that wallet after a few epochs to see if you received any rewards from previous snapshots. If you do, just withdraw them, and send those over as well.
You're almost there! Once you get set up on the Ledger, you'll be in a much better state to move forward. Keep up the great work!
@@WoodlandPools I wish I read your comment before I read the advice on Ledger site. No big deal that I now have a new profile in Google but it would have been nice to have it all in one place, one profile, two wallets. See the requirements below from Ledger on How to use Ledger Nano S with Yoroi (Cardano). I guess they need to update the requirements.
Yoroi, a Cardano light wallet by Emurgo, now supports the Ledger hardware wallet. Hardware wallets make it possible to sign transactions using a device connected to a computer through a USB cable. Private keys, which are used to generate valid transactions, never leave the device. This provides a step up in security compared to just storing everything in a computer.
The hardware wallet acts as a wall to any software in the computer trying to access the private keys, because it requires user interaction and the input of a secret pin known only by the user.
Requirements
You must have already set up your Ledger Nano S.
You must have the latest firmware installed.
You must have already installed Yoroi Chrome Extension.
(If you already are using Yoroi), you must create a new Chrome Profile and install Yoroi. This will allow you to transfer your crypto assets from your current account over to a new one linked to Ledger.
@@toddfrancesconi ah yea that's frustrating. But at least you were able to get set up on the second profile.
Were you able to get everything sorted out and transferred between the two wallets?
@@WoodlandPools Yes sir.
@@toddfrancesconi Awesome. So glad to hear it!
ah snap! I sent 1 test ADA from Binance to Yoroi...Binance shows the withdrawal but Yoroi doesnt show the transaction pending.... 😒
hmm. Sometimes this can take a few minutes before it shows up. Has it gone through now?
@@WoodlandPools yes! The minimum transfer was 8, not too much, but still, I didn't want to lose anything. I closed Yoroi and restarted it and it was there. 👍
@@utprez awesome! Glad to hear it. And congratulations!
I am interested in your pool and the value you bring seems amazing!! I just got some questions related to overall ADA pool on Yoroi wallet.
1. Does the reward automatically get delegated to the delegated pool right away, resulting in compound interest? Or do i have to withdraw it and delegate it separately to other pool or the current pool I have?
2. Id like to diversify my ADA into a few other pools as well, and I read that I could delegate to other pools in the SAME yoroi wallet, but it seems like i cannot do that on it. Is it actually possible to delegate to multiple poos in the same yoroi wallet I have or not possible yet?
3. I just moved more ADA into yoroi wallet from my hardware wallet and tried to delegate to your pool, but it does not allow me to choose the amount of ADA i want to delegate. I cannot even click on the Amount box that I want to delegate to. Do you know why? is it technical error or is it because I just moved my ADA to yoroi wallet therefore it needs some time to process that I received ADA and after that I would be able to delegate?
Thank you :)
Thank you, we try to help however we can :)
Great questions! A couple are some of the common ones we hear all the time, and we'll be featuring them in our upcoming "5 most common Cardano staking questions". I'll paste the video here when it's published.
But in the meantime, the answers to your questions:
1. Yes, the rewards address is linked to the addresses on your wallet and is automatically added to your stake. Compounding interest is exactly how to think about it :)
2. Great question. We were confused by this too. Doing a quick glance at the Cardano org's FAQ cardano.org/stake-pool-delegation under "Can I delegate to multiple stake pools" they say you can on Yoroi, but then at the bottom of the answer it says "It is worth noting that multiple-pool delegation using a single wallet will not be supported on the mainnet." Bummer. So if you want to delegate to multiple pools, you'll need to use multiple wallets.
3. We just had another community member have this same problem. They deleted and restored their Yoroi wallet using the 15-word passphrase and it solved their issue, but now that you're having the same one, I wonder if maybe it's a Yoroi issue. Did the additional processing time help?
Let us know how else we can assist
@@WoodlandPools Thank you for your answers.
I have asked other experts as well and found out that after Mary hard fork, we should be able to delegate to multiple pools in the same wallet. Not too sure if that will be the case right on March 2nd, but definitely sure that new feature will be added soon after.
I will try to delete and restore the wallet and see how it goes. Thank you again.
Oh thank you for the heads up! No one can know everything, and we're all learning together as we go. We really appreciate you circling back and letting us know what you found. If you come across any additional material around this, please let us know.
In the meantime, we'll be on the lookout as well after Mary. Thanks again, and welcome to the community!
Were you able to get the grey delegation box issue resolved? If so, what did you end up doing to fix it? After your initial question we had several community members with this same issue, so any shared information helps!
Thank you again for the great questions! As promised, here's our new "5 most common ADA staking questions video", which addresses yours as well as several other common community questions.
czcams.com/video/K79JSA5mLfY/video.html
I trust you, I like your content, I like your presentation, so I have chosen ASPEN as my delegate. Do ya have a discord?
thank you! Excited to grow together 🤓📈
We don't have a discord, but join us in our Telegram group!
t.me/WoodlandPools
@@WoodlandPools thank you I will
Great video! When I scan the address into Crypto.com, I get an invalid address message. It appears that the entire code is not being copied. Any suggestions or idea why this is happening? Thanks a bunch!
hmm, not sure. Make sure you're clicking the "copy" icon next to the address so that it copies the entire thing. You can also try pasting it into cardanoscan.io/ to make sure it's a valid address.
Let us know how it goes
Also, we might be able to help more easily in realtime. Join us tomorrow 4/21 at 6pm ET for our Cardano Q&A Live Stream and we can try and figure it out together 😃
Which Crypto Wallet Allows You To Stake ADA? I Know Klever Wallet Allows Me To Stake KLV @ 10٪, And TRX @ 6٪.
You can use both Yoroi or Daedalus without a hardware wallet and stake your ADA to a Stake Pool directly from either wallet. is that what you meant?
Once you have the wallet set up, you can use their relative stake pool explorers and select a pool, or search for a specific one. We show how-to for Yoroi in this video, and we have a Daedalus one as well. Average long-term rewards for ADA Stake Pools is ~4-5%.
Let me know if that helps or if we can help with anything else!
@@WoodlandPools thank you for the reply bro!
Of course! Let us know if there's anything else we can help with, or if there are any specific topics you'd like to see us cover!
what if i want to sell my ADA. How do i unstake??
Good question! Check out our video on "5 most common questions" we cover a few different selling scenarios. I think you'll find it useful:
czcams.com/video/K79JSA5mLfY/video.html
Let me know if you still have questions!
But the two ada commission fees will be returned to me when I cancel the stake?
Yes, the 2ADA is a deposit. If you decide that you're done staking and do not want to stake with any pool any longer, you can have the 2ADA deposit refunded (minus the ~0.2ADA transaction fee)
@@WoodlandPools Ok thanks, but will I pay the 0.2 fees every time I change pools? Or just the first time?
@@wory3692 Good question. The 2ADA is a one-time deposit to set up your staking address. Then, from there, keep in mind that delegating to a stake pool is a Cardano network transaction just like sending ADA to an address, so it will have associated network fees. For that reason, any time you delegate to a stake pool (or change pools) you'll need to pay the ~0.2ADA fee.
So your first time delegating ever should be ~2.2ADA (2ADA deposit + ~0.2ADA fee).
And from then on only the ~0.2ADA fee if you decide to switch pools.
@@WoodlandPools thanks👍👍
@@wory3692 Happy to help!
What is happening if I can't see my funds and rewards in yoroi. It says this: "we are experiencing synchronization issues, pull to refresh". Did i loose my ada coins 😳???
no, I highly doubt you lost your coins. If you didn't send them anywhere, then you have nothing to worry about. Also, as long as you have your recovery phrase, you can always restore a new wallet
I just tried again I couldn't wait, and used the correct recovery phrase and spending password, it created a New wallet, with 0 funds. I delegated in the pool kyynb, did they stole my funds, omg i am so worried. I thought the recovery phrase recovered the wallet, but it opens a New wallet. I still have my old wallet, and the error message is still there. Synchronization problems, pull to refresh.
@@kayleek4406 I had same issue but it was resolved after contacting their official support team on Whatspp
@@kayleek4406 👆 message them on WhatsApp
@@kayleek4406 I think you should contact their official support team on Whatspp
I opened a wallet on daedalus - then transferred the wallet to yoroi. It's been about a month and I want to test my key phrase (for peace of mind) Is there an easy way to do that?
@@WoodlandPools ok Thanks - But I don't want to reinstall Daedalus- it's too much for my computer. Is there a way to do it with Adalite?
@@WoodlandPools Great Advice - Ill give it some thought and maybe try the duplicate tomorrow.
@@cardisea sounds good, let us know how it goes!
@@WoodlandPools . I was able to open the wallet on another computer using the key phrase. Yeeeeey !
@@cardisea woo!
Hi WP can you setup Yoroi transfer - then when you get hardware let that run everything?
If I'm understanding your question correctly, yes. What you'd do is start off by staking from your Yoroi Software Wallet, and then when your hardware wallet arrives, create a new wallet in Yoroi for the hardware wallet.
You will need to do a "send" transaction between them, though, to the hardware wallet's address, which will basically result in the timer starting over for the 3-epoch lag for rewards on your hardware wallet. But this will just be a one-time pain, and after that you can feel secure that you're managing all your funds in your own hardware wallet with your own keys!
Also, keep in mind that when you transfer the funds off the software wallet to the hardware wallet's address, due to the way the delegation cycle works from snapshot to payout, your software wallet address might continue getting rewards for a few epochs. Make sure to check back on your software wallet after 15 days or so and send any last rewards that came in to the hardware wallet.
Hope that helps!
Thankyou very much 👍
@@jasonjamin1716 Happy to help! Keep the great questions coming
@@WoodlandPools WP I wake each day thinking I will lose my Ada in yoroi. I know you may have answer this but need reassurance.
When I set up yoroi I just connected Trezor t and clicked hardware wallet. Then received Ada in yoroi.
Why I worry is if my pc fails or my Trezor how will I get yoroi keys back if I didn’t create a password and 12 words on yoroi?
1. Should I move Ada back to an exchange and then create yoroi with a password and 12 backup word and then click hardware wallet or no need to do any of this?
The reason I may not need to move it back to exchange is that all my Ada is on Trezor t and if pc browser fails and pc fails and Trezor t fails - it doesn’t matter because as long as I have my Trezor t backup phase I just get another pc - setup the yoroi extension on a new pc - buy another Trezor t and do the Trezor t recovery - will my new Trezor still hold my Ada?
Or should I do what I asked in point 1?
Regards J
@@jasonjamin1716 fair questions and common fears! But you're exactly right in your second point. If you set up Yoroi paired with your Trezor T, then the private keys that are managing your coins are generated by the Trezor T and your Trezor recovery phrase. If anything were to happen to Yoroi, your PC, or your Trezor, you could just get another Trezor, restore it from backup, and pair it to Yoroi, and you'd have the exact same balances as before. This video on how keys, wallets, and addresses work together should help clarify further:
czcams.com/video/B0so9yDRP5g/video.html
Quick question, do I have to delegate on every epoch and pay the fee every time? I'm confused 🤔
No worries! Nope, you only have to delegate once, and then it's "set it and forget it". Keep in mind there is a difference between your fees to delegate, and the fees associated with the Stake Pool when rewards are distributed.
For your personal delegation fees, those are paid only once for each time you initially select and delegate to a Stake Pool, and they are paid to the Cardano network. The first time you ever delegate to anyone, there is a staking address registration fee of 2 ADA, and any time you delegate to a pool, the delegation fee is ~0.2ADA. So your first time ever would be ~2.2ADA, and then after that any time you switch pools would be only ~0.2ADA.
Then, separately, there are the fees that the Stake Pool charges when rewards are assigned to the pool. Keep in mind this only happens when rewards are assigned, and the fees come from the total pot of rewards before they're distributed to the rest of the pool's delegators. So for example if on a given epoch there was 10,000ADA awarded to the Stake Pool, the SPO would take their fees off the 10,000 and the remaining amount would be split evenly among all the delegators proportionately to their relative stake.
Hope that helps!
@@WoodlandPools Ouch. I guess I paid another fee on same stake pool. It was weird to me because I didn't see my total delegated for stake on dashboard during the next epoch so I thought I had to pay again. Well, lesson learned. Thank you!
Ah yea, that's too bad. At least the re-delegation fee is less than 1ADA, so it'll pay itself back the first time you get your staking rewards :)
Happy to help, and happy staking! Keep the great questions coming
Hello again! Wanted to follow up - we just published a new video explaining fees and payouts and thought you might enjoy it:
czcams.com/video/jfd2Qg9ZGk0/video.html
Keep the great questions coming!
How can I log out from my Yoroi on their website?
I don't know that there's a way to actually log off, but keep in mind that you need to enter your spending password to approve any transactions, so that functionality serves a similar purpose from the standpoint of security
Woodland Pools. yea. I searched and found out there is no way to log out, and you're right about needing a spending password to do any transactions. I will soon buy Ledger Nano X. Can I buy coins on Ledger? Thanks
@@kofi2144 cool, congrats! Yea, Ledger has integrations to buy straight from the Ledger, but we've not personally used it. Once you get it set up, if you end up buying through it, let us know how it works out for you. Feel free to join us in our Telegram group as well
t.me/WoodlandPools
@@WoodlandPools I will. Thank you very much.
How the hell do you unstake on yoroi wallet app? Thanks
1. if you're just looking to sell your ADA, you can just use the "Send" section and send the funds back to the exchange to sell.
2. if you want to withdraw your rewards, you can click on "Withdraw" on the "Dashboard" section.
3. if you want to fully undelegate (remove your wallet's registration from staking altogether) when you click "Withdraw" also click on "Deregister". Keep in mind if you ever decide to delegate again in the future, you'll need to re-register again. For this reason we usually recommend people don't fully "undelegate" but instead just do steps 1 or 2 above
@@WoodlandPools Thanks mate 🙏🏽
@@Stevieab happy to help!
di i get my 2 ADA back when i unstake ?
Good question! The 2 ADA is a refundable security deposit to begin staking with the network.
Note that this is a one-time fee to begin staking in general, and is not something you have to pay again when you switch pools. You only pay the transaction fee of ~0.2ADA to switch pools; the refundable 2ADA you only pay once to register the wallet with a staking address.
If you choose to unstake/undelegate completely, you can get the 2 ADA back, minus the transaction fee of ~0.2ADA or so.
@@WoodlandPools good answer , it seems good
Glad to hear it! Let us know if we can help with anything else
Is it just me or is the pool's fee really high?
Which pool specifically? For ASPEN, we charge the minimum fixed 340 fee, and only 0.5% variable fee currently. For a better idea of how fees and rewards work together, check out our video on that:
czcams.com/video/jfd2Qg9ZGk0/video.html
hi , How can i close my yoroi wallet in Google Chrome?
sorry, what do you mean by close Yoroi?
@@WoodlandPools end the sesion, log oFF ...... it is always opne when open the google?
@@cesar5555 yes it's always available when you have Google open. But to send any ADA you have to enter your spending password. There's no notion of logging in and out, though.
@@WoodlandPools ok thaks for the info...
@@cesar5555 happy to help!
How do you log out of yoroi? Im Worried about security
Good question. Yoroi doesn't have a login or logout, but if you're using it as a software wallet, you have to enter your spending password to authorize any transactions. If you're using a hardware wallet (Ledger or Trezor) with it, then it's even more secure, as you have to have the device physically plugged in to authorize transactions.
Are you using Yoroi software wallet, or are you paired with a hardware wallet?
@@WoodlandPools well i was going to use the chrome extension but am worried that it could be hacked. So I've looked at possibly using the app but I've read many reviews on the android app store whereby many people have lost their ADA because the app has malfunctioned somehow so I've been put off from using the app. Maybe il use the chrome extension and use a Trezor T to go with it. What concerns me also is that some people have seemed to have lost funds using the chrome ext and yoroi doesn't seem to respond to emails an when they do they basically say its not their fault as they don't hold the keys. I just think it can be hacked and I would much rather be able to send ADA direct to my Trezor like I have done for BTC and ETH
Would you say that 2k ADA is too much to store on the chrome extension?
These are fair concerns. If you have a Trezor, then that's the way to go.
Keep in mind that with a hardware wallet setup like the Trezor, the Trezor is the one creating and managing the private keys (the real sensitive part of the wallet) and the Yoroi extension in that case is just the UI-layer used to manage the Trezor's funds. If you're not confident in Yoroi, you could give Daedalus or Adalite a try. Check out our video comparing the 3 wallets. Since you're using a hardware wallet and just need a UI to manage it, you can choose between all 3:
czcams.com/video/pbZx0O4f0uw/video.html
Let us know if we can help with anything else
Hey, I'm trying to find out how to cancel
my stake pool that I'm delegate with for few weeks and switch but I don't know how to do it. Can you help please? Thanks
No problem! You don't need to manually cancel the first pool, it will automatically switch you over when you select and confirm your new pool. Once you've switched, the UI of your preferred wallet should indicate your selected pool as the Delegated one.
If you're using Yoroi, you should be able to just go to the Delegation List tab, and in the search field either enter the ticker symbol of the new pool, or the new pool's Pool ID. Then when the new pool appears in the search results, just click Delegate. Here's the relevant section of the Yoroi video showing how:
czcams.com/video/Q1ZJS7KvwGc/video.htmlm10s
In Daedalus, you can search for a pool by its ticker or pool ID. Here's the section of the Daedalus video showing how:
czcams.com/video/nbYvXnfPiSM/video.htmlm20s
In Adalite, you'd need to search for the pool on PoolTool, copy the Pool's ID, and paste it in the Delegate Stake field in Adalite. Here's the segment of our Adalite video showing how:
czcams.com/video/8u7ba3FIwi0/video.html&feature&t=9m25s
Hope that helps!
Oh ok. That's actually how I was trying to do it so I was doing right. looks like I have some wallet issue. When I click on delegate than window where you put amount of ADA and spending password the window for amount is actually empty and I'm not even able to manually type anything in. There must be some issue. I already contacted yoroi team but they didn't answer yet. Thank you for replying!
Do you know if there is any way to resync or repair wallet on yoroi. This may help I guess
Ah ok, keep us posted and let us know what you hear!
They didn't replied. Do you have any idea how to fif this or resync the wallet?
Why WHY WHY ... Doesn't Ledger Update To Handle ADA Without All This BLAH BLAH BLAH B.S ? Peace /;-)))
Beta Max ? ;-)) Vs VCR
heh, hopefully they'll be able to in the future! For now I suspect it's because aside from just tracking your "value" (amount of coins) like BTC or whatever else, an ADA wallet needs to also be able to handle staking addresses for delegating as well as voting addresses for Project Catalyst, so there's a lot more involved