Welcome to NuFi wallet's knowledge base. Learn more about NuFi (and access the wallet) on our homepage here or ask a question in our Discord server here.

  

Step 1: Access NuFi Wallet

Access NuFi Wallet.

Ensure that your Ledger Nano device is connected, unlocked, and the Cardano app is running.

You will be taken to Portfolio Manager, as shown below.

 


Step 2: Staking


Navigate to ‘Staking’ in the left-hand corner, as shown below.



No previous staking


If you do not have any staked assets, you will be taken to the ’What is staking’ page.


To begin staking, select ‘My staking’.



Already Staking


If you have previously staked assets, you will be taken directly to ‘My staking’.


Step 3: Select Asset

The assets that are available to be staked will be shown.

In this demonstration, some Cardano has already been staked, however since we wish to stake some more, select ‘My staking’.

This example will demonstrate staking Cardano with a Ledger Nano account.



Step 4: Select Account


The list of available accounts will then be displayed.


Select ‘Stake’ on the account you want to begin staking for.

Step 5: Staking Options

You will then be shown below, where you can select options for staking.


Account


Step 4 demonstrates how to select the account you wish to stake; however, this can be changed by using the dropdown shown below.


In this example, we will not be changing the account selected for staking, therefore this step is just for information.


Staking Pool

You will be shown a list of stake pools to select from, as shown beneath ‘Other’ in the below image. Use the scroll bar to navigate the list, then select the pool you wish to join.



Alternatively, in the ‘Ticker, Name, Poolid, pool1…’ box, you can manually input details of the stake pool you want to join.  


This example will demonstrate using the pool ‘[NUFI1] Nu.Fi & Adalite 1’.


Once you have selected the stake pool, details of the stake pool will be displayed.


Staking Pool Details Explained
Name

This is the name of the stake pool.

APY

The percentage rate reflecting the total amount of staking rewards projected to be earned over an annual period

Ticker
A short combination of letters used to identify the stake pool.

Poolid
The ID of the stake pool.

Bech32
The Bech32 address of the stake pool.

Tax
A fee that the owner/operator of the stake pool can set. It is the percentage taken by the owner/operator after the fixed cost is deducted but before the staking rewards are distributed pro-rata.

Fixed cost
A set fee that is deducted first to cover the pool’s operational cost. 340 ADA is the minimum fixed ADA staking fee, set across the Cardano network. This cost is split between all delegators in the pool, so the cost to each user is negligible.

Homepage
This is a link to the stake pool’s website.

Press ‘Continue’ to proceed.

Confirm

A breakdown of the costs will be displayed.

Review the details, then press ‘Submit’.




Step 6: Ledger Confirmations

You will be asked to connect and set up your Ledger Nano device.

Once you have set up your device, press ‘I’ve set up my Ledger’.



Confirmations

You will then be required to confirm details of the transaction on your Ledger Nano device, as shown below.

Start new transaction

You will be asked to confirm if you want to start a new transaction.

Use the corresponding button(s) on your Ledger device to confirm this.



Transaction Fee

The transaction fee will be displayed.

Use the corresponding button(s) on your Ledger device to confirm this.



Transaction TTL

You will then be shown the transaction TTL.

Use the corresponding button(s) on your Ledger device to confirm this.



Register Staking Key

You will then need to register a staking key.

Use the corresponding button(s) on your Ledger device to confirm this.



Staking Key

The staking key will be displayed.

Use the corresponding button(s) on your Ledger device to confirm this.



Confirm Registration

You will then be asked to confirm staking key registration.

Use the corresponding button(s) on your Ledger device to confirm this.



Delegate to stake pool

You will be asked to confirm you want to delegate to a stake pool. The stake pool address will be displayed.

Use the corresponding button(s) on your Ledger device to confirm this.



Staking Key

The staking key will be displayed again.

Use the corresponding button(s) on your Ledger device to confirm this.



Confirm Delegation

You will be asked to confirm delegation to the stake pool.

Use the corresponding button(s) on your Ledger device to confirm this.



Confirm Transaction

Finally, you will be asked to confirm the transaction.

Use the corresponding button(s) on your Ledger device to confirm this.



Step 7: Staking Activated

You will then be shown below, informing you that you have successfully activated your staking.



For more information about Cardano staking, please see here.