Can I buy Cardano native tokens while I’m staking my ADA?

150 viewsCommunity Technical Support

Can I buy Cardano native tokens while I’m staking my ADA?

I staked my ADA a few days ago and I just realized that I can still buy coins like WMT and others when I connect my Eternl wallet to taptools, is this normal? I thought staked coins were unusable

Geek LK Answered question August 28, 2024
0

Staking on the Cardano Blockchain is entirely liquid. That means that your coins are never locked or out of your control when they are staked. The system takes a snapshot of your holdings at a specific time each epoch and then calculates the stake based on that snapshot. At any time you are free to move your coins anywhere and the changes will be accounted for in the next snapshot.

The staking system also automatically adds the coins you have accumulated through staking so it’s a compounding mechanism as well.

Hope this helps.

Yohan Harsha Answered question August 28, 2024
0
You are viewing 1 out of 2 answers, click here to view all answers.