Most frequent questions and answers
A stake pool is a reliable server node that focuses on ledger maintenance and holds the combined resources, or stake of various stakeholders in a single entity. Stake pools are responsible for processing transactions that will be placed in the ledger, as well as producing new blocks, and are at the core of Ouroboros, the Cardano proof-of-stake protocol.
Proof of stake (PoS) is a type of consensus mechanism or protocol that uses the amount of stake (or value) that is held in the system to determine consensus.
There is no risk in staking your Ada to a pool. Your Ada stays in your wallet, the worst that can happen is that you do not receive any reward for an epoch. There are no fees (other than normal transaction fees) or penalties.
No, there is not a locking period. You can transfer your ADA at any time without penalty.
There is a one time fee of 2 Ada when staking for the first time. Therefore, you require more than 2 Ada to start staking.
Yes, you are able to delegate to a pool from a hardware wallet or a paper wallet.
HOLA has a low fee of 0.99% on reward transactions + minimum fixed fee (340 per epoch). These fees help cover infrastructure and monitoring costs. Beware of other pools which may have extremely high fees.