Delegate to a baker pool or passive delegation#

You can delegate stake from an account to a baker pool or to passive delegation.

When you delegate some stake to a baker pool, it can influence the chances of the baker owner of the baker pool being selected to bake a block and receive baker rewards and thus delegation rewards to you.

Note

All transfers and transactions cost a fee, including staking and unstaking transactions. The fee is based on the set NRG for that transaction and the current exchange rate. The cost of transaction fees is stable in Euros, and therefore the price in CCD varies depending on the CCD to EUR exchange rate. The fee will always be deducted from the Balance of the account, so it is important to have some available CCDs to cover fees. A locked-for-staking balance cannot be used to pay for these transactions. You can see the fee in the transaction log.

Warning

Make sure you have enough funds in your disposable balance to cover transaction fees.

  1. Go to Accounts and select the account on which you want to delegate funds.

  2. Click More options then select Register as a delegator.

    ../../_images/dw-account-menu-regular.png
  3. Select your target (a baker pool or passive delegation). Click Continue.

    ../../_images/dw-delegation-target.png
  4. Enter the amount that you want to delegate and choose whether rewards should be redelegated or not. Click Continue.

    ../../_images/dw-delegation-stake.png
  5. A message says Waiting for device. Please connect your Ledger. Connect the Ledger device to the computer and enter your PIN on the Ledger device.

  6. Press the right button to navigate to the Concordium app, and then press both buttons to open the app. The Ledger says Concordium is ready. Wait for the message Ledger Nano S is ready or Ledger Nano S Plus is ready in the Desktop Wallet and select Submit.

  7. On the Ledger device, a message says Review transaction. Verify that the sender account is correct and navigate to the right. Verify that the Ledger shows the correct amount to delegate and navigate to the right. Verify that the restake preference is correct and navigate to the right. Verify that the delegation target is correct and navigate to the right.

  8. The Ledger device says Sign transaction. Press both buttons to sign the transaction. The Ledger device says Concordium is ready.

  9. In the Desktop Wallet, you can see that the transaction has been submitted to the chain. Select Finish.