What is Staking?
In the Cardano ecosystem, staking your ADA (₳) is like putting your money into a checking account with a ~3-4% APY.
As opposed to traditional banks, in the DeFi (Decentralized Finance) world of Cardano, your money never actually leaves your wallet and is available to you at any time. With staking you can use your ADA to support the decentralization efforts.
When you stake with a pool (this is called delegation), the pool has an increased chance to participate in the transaction-generation (minting blocks). Minting blocks is rewarded with ADA. Those rewards go back to the pool operators and you, as incentive to help keep running the network.
Benefits of Staking with HAZEL
Staking in the Cardano Network means you use your funds to support a stakepool and earn ADA every five days as a return on your delegation. Here are even more reasons why you should stake with us:
In addition to the 5% average ROA (Return on ADA) you get by staking with HAZEL pool, we have giveaways, NFT raffles and other rewards lined up for our trusted delegators!
By delegating to a Cardano stake pool you contribute to the security and decentralization of the network. You help us all to be more independent of corporate entities.
Your Funds are Safe
Unlike other Cryptocurrencies, staking with a Cardano pool does not lock your funds, nor does it transfer any ownership. The money never leaves your wallet and can be withdrawn at any time.
Animal Shelter Donations
We donate 25% of all pool rewards to cat and animal shelters. We are starting local and heading global!
Foster Program Development
In addition to doing our work as foster parents, we work with the one-of-a-kind cat shelter Cat Adoption Team to improve and share knowledge and courses across the country with respect to establishing good foster programs. The pool rewards allow us to continue doing this and to build an app for foster parents to easily communicate with their shelters.
Hang out with fellow cat friends and delegators in our Discord and Telegram channels. A supportive environment to share your crypto and kitty stories!
Either way, you should follow @hazelkittens to get live foster updates and photos 😸
Get started staking
Crypto is not as accessible as other technologies yet, but we're getting there. Here's how to stake with us and earn. If you have any questions, do not hesitate to reach out to us on Telegram or Discord!
Buy Ada on an exchange like Coinbase, Binance or Crypto.com
Use the wallet-specific UI to stake with pool ticker HAZEL
Thank you 😻 Wait 10-15 days and enjoy your rewards!
We'd love to have you as a delegator and reward you at the same time. Join us today by staking with HAZEL! Can't delegate with us just yet? Help us spread the word!
Obligatory Cat Photos
We know you want them... 😸 These are a few of the cats and kittens we fostered through the last years. Find even more photos, all our fosters, and more info in our dedicated Fostering area.