Question 1

How do I stake with Spire?

Accepted Answer

1.  You will first need to transfer funds to an official wallet such as Daedalus, Yoroi, or Eternl.
2.  Once your funds are in either wallet, go to the Delegation section in your wallet and search for ticker SPIR2 (SPIRE is saturated).
3.  Select the SPIR2 pool and click the "Delegate" button.

Question 2

When will I receive rewards?

Accepted Answer

It will take 4 epochs (15-20 days) to begin receiving rewards.  This delay is built into the Cardano protocol and known as the "delegation cycle".  You will receive rewards each epoch (5 days) thereafter.

Question 3

How can I view and confirm my rewards?

Accepted Answer

1.  Visit www.cexplorer.io and locate the SPIRE or SPIR2 pool (to which you're delegated)
2.  Click on the "Delegators" tab on the pool's detail page
3.  Sort by "Amount" and locate the amount that matches your wallet.  You may hover over the actual amount for more detail.
4.  You will see the first epoch delegated to the pool next to the stake address.  (This is your stake address.)
5.  Click on the stake address to view delegation and rewards history.

Question 4

How do pool fees work?

Accepted Answer

Each epoch the 340 ADA fixed fee is taken from all rewards generated by the pool.  (SPIRE generates 50,000+ ADA in rewards each epoch so this amount is negligible).  Next, the pool variable fee (currently 1%) is removed from all rewards.  Finally, the remainder is distributed to delegators prorata (based on relative stake).

Frequently Asked Questions

How do I stake with Spire?

When will I receive rewards?

How can I view and confirm my rewards?

How do pool fees work?