Protocols     /     Cardano

Cardano (ADA)

Cardano is a Proof-of-Stake blockchain that aims to solve the 3 most crucial issues all developing blockchains currently face; sustainability, scalability and interoperability.

Cardano wants to overcome real-life problems such as information asymmetry and provide services for the unbanked world population. To achieve all of this, their continue to develop their own set of key innovative technologies. The native ADA token is the utility token on the Cardano network. ADA is used to pay for transactions, secure the network through staking and participate in governance.

FIGMENT VALIDATOR ADDRESS:
290401c779b426c134d7a193aeda69bfda40365ecf41c32312676bb1

Stake ADA

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Market Data

MARKET CAP

$14.8B

STAKING REWARD RATE (SRR)

2.87%

SRR isn’t always the most reliable metric for understanding your rewards. You can read more here

PRICE

$0.42

AUTO-COMPOUNDING

No

REWARD FREQUENCY

1 Epoch (5 Days)

ACTIVATION

Within 10 days

WITHDRAWAL

None

SLASHING PENALTIES ENABLED

Yes

Highlights

Why Stake Cardano With Figment?

  • Arrow Cardano provides an open-source platform for builders and developers to create decentralized applications (dApps) and protocols that operate via smart contracts
  • Arrow The native ADA token is the utility token on the Cardano network and is used to pay for transactions, interact with applications, secure the network and participate in governance
  • Arrow The maximum supply of ADA is 45 billion
  • Arrow Rewards depend on the pool’s performance and the delegator earns according to their amount of stake, minus the commissions fee

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Frequently asked questions

Cardano FAQ

What is the name of the asset being staked? +
How long does it take to unstake? +
How are the staking rewards disbursed? +
Do I maintain custody and control of my ADA when staking? +
How long does it take to unstake? +
Can my staked ADA be slashed (seized or destroyed)? +
Are staking rewards liquid or automatically staked? +
What is the total supply of ADA? +

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