Frequently Asked Questions
How do I stake with Spire?
1. You will first need to transfer funds to an official wallet such as Daedalus or Yoroi.
When will I receive rewards?
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.
How do pool fees work?
Each epoch the 340 ADA fixed fee (which is the protocol minimum) is taken from all rewards generated by the pool. (Pool A generates 50,000+ ADA in rewards each epoch). Next, the pool variable fee (currently 0%) is removed from all rewards. Finally, the remainder is distributed to delegators prorata (based on relative stake).
How can I view and confirm my rewards?
1. Visit www.adapools.org and locate the SPIRE pool to which you're delegated
Which pool should I delegate to?
We recommend delegating to an unsaturated SPIRE pool. Your rewards will begin to diminish when pool saturation exceeds 100%.
How can I participate in the SPIRE community?
Please join our Telegram group for frequent updates, support and to join our community.