Difference between revisions of "Set up a Cardano staking pool"

From Organic Design wiki
(Staking from a paper wallet)
(Staking from a paper wallet: syntax)
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The idea is to first temporarily install a Daedalus on an offline live booted Linux and then restore a paper wallet into it with the 24 word backup phrase. Then we should be able to interact with the running wallet's associated node from the CLI to create and sign a delegation transaction. That transaction can then be broadcast to the network using any online Cardano node.
 
The idea is to first temporarily install a Daedalus on an offline live booted Linux and then restore a paper wallet into it with the 24 word backup phrase. Then we should be able to interact with the running wallet's associated node from the CLI to create and sign a delegation transaction. That transaction can then be broadcast to the network using any online Cardano node.
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The command syntax is:
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<source lang="bash">
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cardano-cli shelley stake-address delegate \
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--signing-key-file payment.skey
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--pool-id POOL
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--delegation-fee LOVELACE
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</source>
  
 
== See also ==
 
== See also ==
 
*[[Set up a Cardano ITN staking pool]]
 
*[[Set up a Cardano ITN staking pool]]

Revision as of 22:42, 31 July 2020

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The official documentation for setting up a node and configuring it as a stake pool on the mainnet is mostly very clear and complete. I was able to get my node compiled, installed and running pretty easily. But configuring the node to run as a stake pool is more complicated and the documentation seems to have some missing bits, so I'm documenting here just the specific parts that I had trouble with.

Register stake address on the blockchain

Everything went smoothly until I got to Register stake address on the blockchain. The main issue is that you need to have some balance in your payment.addr address, and the previous step of creating a sample transaction is not optional, things in that step such as protocol.json and the output hash are referred to in this step.

The instructions here help to clarify these confusing points even though the syntax is a little different since it's for a testnet.

Staking from a paper wallet

todo... I'll document this properly after I've done it myself

The idea is to first temporarily install a Daedalus on an offline live booted Linux and then restore a paper wallet into it with the 24 word backup phrase. Then we should be able to interact with the running wallet's associated node from the CLI to create and sign a delegation transaction. That transaction can then be broadcast to the network using any online Cardano node.

The command syntax is:

cardano-cli shelley stake-address delegate \
--signing-key-file payment.skey
--pool-id POOL
--delegation-fee LOVELACE

See also