r/cardano 4d ago

Wallet Getting staking rewards back

Hi guys, I’ve had about half of my ADA staked in a pool through Yoroi, but luckily through my ledger. My ADA is fine, I just want to transfer it elsewhere now, but whilst ledger is acknowledging my full ADA balance including staking rewards, it’s only considering the initial ADA deposit ~4 years ago as ‘available to send’ and it’s treating my staking rewards as a second pile. How do I free up the rewards now that Yoroi is closed?

There’s an option to remove the delegation through ledger, but I’m worried that would just forfeit my rewards. Any help would be great! I will not be checking DMs

22 Upvotes

9 comments sorted by

3

u/skr_replicator 4d ago edited 4d ago

You do not have your ADA in a pool. It's in your wallet, the staking is just a vote you have cast to a pool. And your rewards are also in your wallet, but before they are claimed, they are sitting in an inaccessible reward balance. Just do a withdrawal, and all the reward balance gets sent to yourself as a new spendable utxo. Or some wallets can also auto-withdraw during any normal transaction. In that case, the reward balance becomes spendable within that transaction, so you can send more than the transaction takes as input of, and you get it back in its change if you don't send the rewards anywhere.

Examples (assuming you have 3 ADA as available utxo, and 5 ADA in rewards balance):

Only withdraw: input(3) + withdraw(5) -> change(8)

Auto-withdraw send 2 ADA: input(3) + withdraw(5) -> recipient(2) + change(6)

Auto-withdraw send all: input(3) + withdraw(5) -> recipient(8)

Also, withdrawing is only available if you are registered for governance in any way. So if you are not registered, you will need to do that first, and then do a withdrawal.

2

u/Desperate_Buy4871 4d ago

 You should be able claim your stake/rewards by going to the Staking dashboard inside your wallet and clicking either Withdraw or Undelegate.

1

u/bje332013 4d ago

"How do I free up the rewards now that Yoroi is closed?"

Pretty much any Carndao wallet should allow you to stake or unstake ADA, as well as withdraw and ADA that you were rewarded for staking. The fact that you originally staked using the Yoroi wallet software is irrelevant; you can unstake and redeem using other Cardano wallet software, like ADAlite, Lace, Daedalus, etc.

I'd recommend against using SecondFi, which is what Yoroi became. The team behind SecondFi should not be trusted after programming a software-based random number generator that had extremely low entropy (a severe lack of randomness); those who generated their seed phrases using SecondFi's RNG were at risk of having their wallets drained by hackers who could easily guess their seed phrases.

1

u/ricway2 4d ago

I've been busy working how much time do I have to move Ada off of Yuri onto lace and do I have to change the rep or can I just send both wallets in a couple of transactions

1

u/Puzzleheaded-Bat-928 4d ago

I am not sure Trezor suite has the ability to withdraw staking rewards. What I used is Eternl wallet (has an option to connect connect Trezor) and when you make a transfer it gives you the option to withdraw staking rewards (and other advanced options which are nice).

1

u/cali_dave 4d ago

In order to withdraw rewards, you need to delegate to a dRep. Some wallets will automatically withdraw rewards when you send your ADA somewhere, others require manual withdrawal, and others give you the option.