Staking Transactions
In this section, we will learn to create to stake ADA in stake pools. If you are new to transactions, be sure to check out how to create transactions to send lovelace and assets.
In this section, we will explore the following:
Register Stake Address
New address must "register" before they can delegate to stake pools.
import { Transaction } from "@meshsdk/core";
const rewardAddress = "stake1qdzmqvfdnxsn4a3hd57x435madswynt4hqw8n7f2pdq05g4995re";
const poolId = "pool1mhww3q6d7qssj5j2add05r7cyr7znyswe2g6vd23anpx5sh6z8d";
const tx = new Transaction({ initiator: wallet });
tx.registerStake(rewardAddress);
tx.delegateStake(rewardAddress, poolId);
const unsignedTx = await tx.build();
const signedTx = await wallet.signTx(unsignedTx);
const txHash = await wallet.submitTx(signedTx);
Delegate ADA to Stake pool
Delegation is the process by which ADA holders delegate the stake associated with their ADA to a stake pool. Doing so, this allows ADA holders to participate in the network and be rewarded in proportion to the amount of stake delegated.
import { Transaction } from "@meshsdk/core";
const rewardAddress = "stake1qdzmqvfdnxsn4a3hd57x435madswynt4hqw8n7f2pdq05g4995re";
const poolId = "pool1mhww3q6d7qssj5j2add05r7cyr7znyswe2g6vd23anpx5sh6z8d";
const tx = new Transaction({ initiator: wallet });
tx.delegateStake(rewardAddress, poolId);
const unsignedTx = await tx.build();
const signedTx = await wallet.signTx(unsignedTx);
const txHash = await wallet.submitTx(signedTx);
Check out the Mesh Playground for live demo and full explanation.