Why Stake with us ?
The Cardenians stake pools are for the community who love to stake their ADA and grow their stake by contribution in securing the Cardano blockchain network.
Currently Cardano is in the Incentivized Network stage of Shelley. ADA owners who kept their ADA in their own wallets before the snaphot was taken on 12:00 UTC on November 29, 2019 are able to delegate their owned ADA to stake pools in return for real ADA.
Lets us take care of growing your owned ADA with the precision of a Swiss watch – 24/7 around the clock by delegating to our staking pools.
If you are a speculator or a Cardano blockchain enthusiast who likes to grow your owned ADA and have a stake in the future of finance contact us, we help you through the process of delegation your ADA.
Our goal is to secure the future live network of Cardano and to secure enough delegated stake for this to our pools. Further we will keep up with the latest developments of Cardano and contribute to the Cardano ecoystem.
We will make sure that our stake pools are as secure as possible, stable and high available so that you as delegator will receive the rewards from our work by supporting our stake pools.
Your ADA stays yours
Your ADA will always be safe in your ownership and in case you would not be happy with our services you can delegate your ADA to any other stake pool at any moment.
Delegate to our pools
We are looking forward for your delegation to our stake pools and contribution to secure the Cardano blockchain network, we will do the rest, you can sit back and reap the benefits from our work.
Explanation how a delegator earns rewards
ADA is a digital currency based on cryptographic principles, designed and developed by IOHK in conjuction with the University of Edinburgh, the University of Athens and the University of Connecticut.
Cryptography provides a way to to generate prove of genuine authenticity of any kind of information, which is called digital signing.
In case of digital currency a ledger (an immutable database keeps track of your digital currency by maintaining your unique address balances) is generated and transactions are digitally signed and send to nodes that are competing for the generating of a block (containing multiple transactions). A block contains validated and digitally signed transactions.
The nodes also known as settlement layer nodes since they settle the transactions made on the network. The nodes are represented by stake pool operators and are spread all over the world (decentralized). Every node keeps a local copy of the ledger and a consensus has to be reached about the state of the ledger.
These nodes play a crucial role in securing the network and maintaining the state of the ledger by competing for the generation of blocks, or the validation and digitally signing of transactions on the network.
Depending on the total weight of the stake of a pool (amount of ADA delegated to a pool) the pool has higher chances to generate a block. For the generation, validation and digital signature of a block the stake pool operator receives a reward.
At the moment of writing about 3.5 mln to 5 mln ADA are required for a pool to make a chance in getting on a regular basis the right assigned to generate a block, thus to earn rewards.
These rewards are being paid from transactions fees and in case of the Incentivized Test Network (ITN) phase of Shelley by the Cardano Foundation, who contributed a certain amount of ADA as rewards to stake pool operators to get the network properly tested before it reaches the quality that is required to go into production.
Stake pool operators play an important role in contributing to the success of the network and in case of the ITN by providing feedback in running a node to IOHK so that flaws in the code of the network can be repaired before the product is going to be released to production.
From the rewards that the stake pool operator is receiving a cut off is taken to maintain the stake pool since operational costs, hardware or services costs are involved to run a node.
The cut off consists out of two components: tax value – a fixed cut from the total rewards, tax ratio – a percentage of the total rewards minus tax value. And the pool operator can set a tax limit to limit the tax taken by the pool.
The amount of rewards that is left after deducting the tax value and the tax ratio is being shared between the delegators to the pool on basis of the weight of their stake that is delegated to the pool. Payment is done instantly in case the staking pool is rewarded for generating, validation and signature of a block.
What is the earnings model?
Time in the settlement layer node is divided in epochs and an epoch is divided into slots where the duration of a slot is 120 seconds and an epoch has 10 x k slots in it (where k = 60), thus an epoch lasts 1200 minutes or 20 hours.
Node operators are competing for generation of blocks during a slot (thus every 120 seconds) and there can be only one slot leader that is allowed to generate a new block.
At the moment of writing at epoch 60 for every block being generated by the pool the pool operator receives ~ 890 ADA at the price of 0.0628 €/ADA on 13/02/2020 or ~ 56 € per 120 seconds. After deduction of pool operator costs on average ~ 53 € will be shared between the delegators on basis of the total weight of their delegation to the pool.
The probability of being able to generate a new block depends heavily on the total amount of ADA being staked in the pool by the pool owner and its delegators.
The amount of ADA that is rewarded for generating a new block will slowly decrease with every epoch during the ITN phase. You can check the actual amount of ADA being rewarded for generating a block via following url https://pooltool.io
Currently it is not yet clear what the earnings will be when Shelley goes live, but it is to be expected that the ROI will be about 6% where it is during the ITN phase above 10%.
This is so much more than we are currently receiving on our bank accounts and we are not even talking about the appreciation of value of the ADA currency over time if the Cardano network can become as or even more successful than the Ethereum network.
To us this seems like a no-brainer since the Cardano network is a 3rd generation blockchain that is solving many of the current flaws of the Ethereum network that is a 2nd generation blockchain. So once Shelley is live and Goguen is expected shortly after the real value of the Cardano network should come to fruition when people start using it. For more detail about the roadmap you can follow this url https://cardanoroadmap.com