Cardano – Can someone please explain the difference between delegating to a drep & abstaining

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Cardano – Can someone please explain the difference between delegating to a drep & abstaining

Are there rewards for delegating my vote to a drep? What is the difference between abstaining and no confidence? Regardless the reason why it’s still not a vote so is there a reason to choose one over the other? I appreciate the help!

Samuel Goldenberg Answered question November 26, 2024
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If this is going to be a “mandatory” action, it certainly would be nice if someone would add this capability to Daedalus…

Samuel Goldenberg Answered question November 26, 2024
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I have my ada staking via figment on ledger but haven’t been prompted to make any delegation. Do I need to? I am interested in participating but don’t get it fully.

Hasitha Jayaweera Answered question November 26, 2024
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delegating – voting for a politician

abstain – voting that you are not voting

no confidence – voting “no” on everyhitng (i think)

Isuru MS Answered question November 26, 2024
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