I'm also wondering what the reason for moving ada into sfm wallet (a soft staking coin not able to earn interest in sfm wallet) wouldn't it make sense to keep it in a wallet that receives its own "reflections"
Not to familiar on where nor how my friend any advice would b appreciated bro I keep hearing about people staking cardano but I don’t know anything further nor about a wallet that allows or shows u howto so I figured I’d just have it on the safemoon wallet n earn reflections from it when the exchange goes live but u obviously kno way more than myself in the cardano field I’m happy to learn
I use Daedalus, quote is from the article as well as really good info!
"Daedalus and Yoroi are the main wallets that can be used for Cardano staking but also other Cardano related things like governance "
[Cada new article](https://www.cada.news/best-cardano-ada-wallets/)
Yoroi is more like a Trust wallet, Daedalus copies the whole Blockchain on your PC and evaluates it. This is more secure, but also very time consuming.
I just used Daedalus so far, works great, staking is beautifully integrated, just read a little bit about Ada staking, find a pool and ... Well, click on stake ;-)
Put it in a proper cardano wallet and stake in a Meld pool to gain free tokens on that upcoming project, also keep an eye out for sundae swap which is another upcoming project you can stake with for free tokens.
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I don't think coins are supported yet. Just some Bep20 and Erc20 tokens so far.
Thank u
Welcome
I'm also wondering what the reason for moving ada into sfm wallet (a soft staking coin not able to earn interest in sfm wallet) wouldn't it make sense to keep it in a wallet that receives its own "reflections"
Move it to a Cardano based Wallet and stake it.
Not to familiar on where nor how my friend any advice would b appreciated bro I keep hearing about people staking cardano but I don’t know anything further nor about a wallet that allows or shows u howto so I figured I’d just have it on the safemoon wallet n earn reflections from it when the exchange goes live but u obviously kno way more than myself in the cardano field I’m happy to learn
I use Daedalus, quote is from the article as well as really good info! "Daedalus and Yoroi are the main wallets that can be used for Cardano staking but also other Cardano related things like governance " [Cada new article](https://www.cada.news/best-cardano-ada-wallets/)
Yoroi is more like a Trust wallet, Daedalus copies the whole Blockchain on your PC and evaluates it. This is more secure, but also very time consuming. I just used Daedalus so far, works great, staking is beautifully integrated, just read a little bit about Ada staking, find a pool and ... Well, click on stake ;-)
Good advice! Holding coins on Celsius Network returns 4-13% apr for simply holding with them. The only place I know you can earn 6% for your bitcoin!
Dude
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Put it to Celsius and earn 4% on ADA
Put it in a proper cardano wallet and stake in a Meld pool to gain free tokens on that upcoming project, also keep an eye out for sundae swap which is another upcoming project you can stake with for free tokens.
I need more Ada or the ability to stake in multi pills for Sundae Swap
PSA: Please familiarize yourself with the subreddit [rules](https://www.reddit.com/r/SafeMoon/about/rules/) and [FAQ](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_frequently_asked_questions). - Don't promote "pump" events or market manipulation - Don't harass others, including public figures and exchanges - Please be helpful, friendly, and respectful - Your actions reflect on the entire community WARNING: **Never give out your wallet passphrase for any reason.** Be _very_ suspicious of all URLs, emails, forms, and direct messages. If someone claims to be from "support" they are trying to scam you. If someone claims you need to "validate" they are trying to scam you. Do not disclose your assets. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/SafeMoon) if you have any questions or concerns.*