How to claimed rewards from staked ADA
How to claimed rewards from staked ADA
I staked some ADA to a pool using Yoroi and I tried claiming the rewards. Initially I couldn’t figure out where the rewards went. However I found that under ‘Receive’ then ‘Reward’ section, there is a reward address. But how (and where) do I swap it for stable coin? The multiple addresses on Cardano is kinda confusing if you are used to Metamask.
Some wallets have option to withdraw stake rewards. (Yoroi)
Other wallets automatically withdraw rewards when you do transactions. (Daedalus)
There are not many benefits of withdrawing your rewards. You can already use it as if the ammount of ADA was in you wallets. ( It can be sent and it counts to your staking value.) The only place I know of that was different is Catalist voting as It doesn’t count staking rewards towards the voting power.