Lace Staking Review
The Cardano Foundation's modern wallet
What is Lace?
Lace is a Wallet / Native Staking rated 4.3 out of 5 in our reviews. In plain terms, it's a place to put your crypto to work and earn staking rewards — currently around 3.2% APY on average. If you're just starting out, the key thing to know is what kind of platform it is: Wallet / Native Staking platforms differ in who holds your keys, how much control you keep, and how the fees (No platform fee — pool operator margin only) are charged.
Is Lace good for staking beginners?
The short answer: Lace works well if its trade-offs match what you need. What people like: cleanest ui of any cardano wallet — built for mainstream users; backed by iog and cardano foundation. What to keep in mind: newer than daedalus / yoroi — fewer years of public auditing; browser extension only (mobile beta as of 2025). For a first-time staker, the biggest questions are whether the No platform fee — pool operator margin only fee structure eats into your ~3.2% return and whether you're comfortable with how Lace handles custody.
How to get started on Lace
Getting going is straightforward: create and verify your account, deposit the crypto you want to stake, then choose the staking option and confirm. Start with a small amount you're comfortable leaving staked, check the unbonding/lock-up terms before you commit, and only scale up once you've seen a reward payout land. The step-by-step guide below walks through it for Lace specifically.
About Lace
Lace is a sleek, modern Cardano wallet built by IOG and the Cardano Foundation. It targets the next wave of users with a polished UI, NFT support, and direct stake delegation.
Is Lace right for you?
- •Cleanest UI of any Cardano wallet — built for mainstream users
- •Backed by IOG and Cardano Foundation
- •Multi-account, NFT support, dApp connector built in
- •Receives priority for new Cardano features
- •Newer than Daedalus / Yoroi — fewer years of public auditing
- •Browser extension only (mobile beta as of 2025)
- •ADA-only
What can you stake on Lace?
How to stake on Lace
Install Lace
Add the Lace extension from lace.io to your browser. Create a wallet and back up the 24-word recovery phrase.
Fund with ADA
Send ADA from a CEX to your Lace receive address. The first staking action will deduct the 2 ADA delegation deposit (refundable).
Delegate from the Staking tab
Open Staking, search for a pool, click Stake on this pool, and confirm. Rewards begin in 2 epochs and compound automatically.
Lace staking — common questions
Is Lace replacing Daedalus?
Not directly. Daedalus remains the full-node wallet for users who want maximum decentralization. Lace is the light, mainstream-friendly successor and gets new feature priority.
Does Lace support hardware wallets?
Yes. Lace supports Ledger Nano S Plus and Nano X for hardware-backed signing. Trezor support is on the roadmap.