In this article:
Overview
You can stake and unstake Cardano (ADA) with Wealthsimple. Staking allows you to earn rewards on your crypto holdings.
Before you stake your crypto, it's important to understand the benefits, risks, and fees involved. You can find more details in the table below and in our Crypto Product Risk Disclosure.
| Crypto | Cardano (ADA) |
| Currency in which rewards are paid out | ADA |
| Available to unstake? | Yes |
| Protected from slashing risks? | Yes. Learn more in our Crypto Product Risk Disclosure. |
| Fees | Refer to our Crypto Fee Schedule |
| Reward rate (after fees) | Check in-app for the latest reward rate |
| Are rewards automatically staked? | Yes, if you have auto-staking turned on |
| Warm-up period (subject to change) | 15-20 days |
| Time until first reward (subject to change) | 20-25 days |
| All future reward payouts (subject to change) | 5 days |
| Minimum amount of crypto required to stake | 5 ADA |
Note: The in-app reward rate updates weekly. This rate is powered by our staking partner, Figment, and reflects the previous week’s maximum reward rate. For the most current information, check the Wealthsimple app.
How to stake Cardano
Please review our Stake your crypto assets article for steps to stake crypto.
How to unstake Cardano
Please review our Unstake your crypto article for steps to unstake crypto.
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