Cardano (ADA) can be staked and unstaked with Wealthsimple. To learn more about the benefits, risks and fees of staking Cardano, refer to the chart below.
Tip: For more information about crypto staking, check out these resources:
|
Crypto |
Cardano (ADA) |
|
Currency in which rewards are paid out |
ADA |
|
Available to unstake? |
Yes, you can unstake at any time. |
|
Protected from slashing? |
Yes. Learn more in our Wealthsimple Crypto Product Risk Disclosure. |
|
Fees |
Refer to our Crypto fee schedule. |
|
Reward Rate (after fees) |
Check in-app for latest reward rate |
|
Are rewards automatically staked? |
Yes |
|
Warm-up period |
15-20 days |
|
Time until first reward |
20-25 days |
|
All future reward payouts |
5 days |
|
Minimum amount of crypto required to stake |
10 ADA |
Note: The reward rate is powered by our staking partner Coinbase. Our staking partner does not update the reward rate dynamically. The reward rate is equivalent to the average reward rate on the network.
For real-time information, refer to the Wealthsimple app or the links to external sources.
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