How to Stake ADA

STEP 1: Setup an account on an exchange like Coinbase or Binance where you can                              purchase ADA, as well as withdrawal to external wallet.

STEP 2: Setup a Daedalus or Yoroi wallet, this will allow you to stake to community pools,                    like BIKES. When setting up a wallet, make sure to keep a copy of your phrase                      key and keep it safe! IF YOU LOSE IT, YOU'RE ADA MAY BE LOST FOREVER.

STEP 3: Send ADA from the exchange to the Daedalus or Yoroi wallet you setup.

STEP 4: After funds have been confirmed in your wallet you can delegate to CHEST by                       searching for the ticker in the "Delegation Center". Click Delegate and you're all                   set to start receiving rewards.

Funds are never moved or locked when delegating. You can sell or buy more ADA at any time. When more is added to the wallet, funds are automatically delegated to the same pool.

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Updates

September 17th, 2021:

Major upgrade today to the pool with a new Ticker and KES Rotation. As well, all nodes were successfully upgraded to 1.29 for the Alonzo Hard Fork event.

 

CHEST --> BIKES.

Excited to start this venture with a new marketing strategy. For the last 3 years I've been training and racing at the amateur domestic level in the states. This past year has been an explosive rise in both ADA and my cycling career. I thought I'd blend the two worlds. Stake with BIKES to help support decentralization and the support of any two wheeled machine.

April 19th, 2021:

All Nodes updated to 1.26.2 and KES keys were recently rotated. We even minted a blocked after KES rotation, meaning we are good to go! Rewards for Block # 3 are coming in Epoch 261.

 

March 26th, 2021:

Rewards distributed for the second minted block! ROA for the last month sits at 5% while overall ROA is 4.6%. Great first two months of our pool, about doubled initial delegation and we continue to grow.

March 10th, 2021:

We minted our first block during epoch 252! 1.2M ADA sent by 16tx's for a total of 2.9ADA - a beautiful sight! A long, sleepless journey to get here but I'm excited for all our delegates to finally receive rewards! And it doesn't stop. After a quick break in 253, our next expected block is coming in epoch 254! Thank you for the support.

February 24th, 2021:

Mary HFC has been initiated and will be implemented on the next epoch! As we enter epoch 250 we have yet to mint a block but we still march forward. In anticipation of the upcoming Mary HFC event we've upgraded our cloud node to better perform in an anticipated spike in the network. Making each cloud node a quad core with 12GB of RAM. 

February 18th, 2021:

We've successfully implemented a bare-metal server that is now running one of our active relay nodes. We plan to implement more bare-metal solutions in the coming year to help with security and decentralization.

January 29th, 2021:


All nodes updated to 1.25.1 and prepared for the Mary Hard Fork Combinator. First epoch with active stake is about to end. No blocks but chances were slim. Delegate to CHEST and help this small pool thrive!
 

Janaury 23rd, 2021:

Waiting on another Epoch for current delegation to become active stake. Node's are all active and have processed around 50,000 transactions. As we get closer to d=0 and k=1000, smaller pools will be considered more for blocks. Please condisder CHEST so we can help decentralize the network together. 

 

January 19th, 2021:


CHEST pool is officially registered and live. Stake with us by downloading Daedalus or Yoroi wallets and delegating to our Ticker: CHEST. Thanks for everyone who supported us on this journey.
 

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