MyAdaPool.com is committed to becoming one of 0% delegation fees Cardano staking pools and paying out maximum rewards to our ADA stakeholders. We encourage people from all around the world to join us in delegating ADA to MyAdaPool pool to earn ADA rewards and making the Cardano more decentralization. We are adding more values for Cardano ecosystem by providing the staking pool and welcome all ADA delegation contributions, large or small ADA from everyone who is giving the hand to help Cardano to become the best-decentralized system.
We are keeping our eyes from Cardano System. You will be informed as soon as possible when Shelly gets ready on the mainnet.
We are committed to be one of 0% delegation fees Cardano Staking Pools.
To earn more rewards from ADA staking, MyAdaPool will be ready to run optimally 24/7/365. We expect maximum uptime ensuring you receive maximum ADA rewards.
We never ask stakeholders to give us private keys. Delegating your stake from the official Daedalus wallet to our pool is entirely secure never exposing your private keys. You are in totat control of your ADA with no third party involvement required.
Becoming one of the largest staking pools will allow consistent distribution of the frequent ADA rewards to be delivered to our stakeholders.
Staking is an alternative way of deciding who gets to make the next block in the chain: the more stake you have in the network, the more likely you are to be selected to create the next block - and when you create a block you get rewards.
If you are selected to create the next block, then you are known as the slot leader, and will receive a monetary reward, intended to incentivize honest participation in the network - but you have to be online to become the slot leader, and what if you can’t be online all the time? Then you can delegate your stake to a stake pool.
There is no minimum ada amount to qualify for staking.
You can acquire stake by buying ada, but when you delegate your stake your ada stays right where it is - in your wallet!
Because the system is designed so that there are diminishing returns as a stake pool approaches a certain percentage of the total network stake. This promotes decentralization and a competitive stake pool market by incentivizing stakeholders to switch stake pools when their current pool gets too big - so ensuring that the rates that stake pools charge stay competitive as they try and attract new stakeholders. To enable stakeholders to make the best decisions about where to delegate their stake, a pool-sorting machanism will be available.
Staking is an alternative way of deciding who gets to make the next block in the chain: the more stake you have in the network, the more likely you are to be selected to create the next block - and when you create a block you get rewards. Stake pools are run by other users on the network, with the promise of being online all the time to maximize the chances of a stake pool member being chosen as slot leader. If someone in the stake pool is chosen to create the next block, then everyone in the pool shares the reward, and the stake pool owner will get their margin as a bonus reward for running the stake pool and supporting the network.
You will be able to delegate to a pool from Daedalus or Yoroi.
Daedalus and Yoroi should support staking right away when Shelley starts.
Your coins never leave your wallet and are never locked.
The testnet in under development and will be ready soon. The timing for the mainnet will depend on the amount of effort, adjustment, and enhancement needed to get the testnet capability and code to mainnet readiness.
No, for now there's no slashing.
You will be able to delegate to a pool with no computer experience just by using a Daedalus or Yoroi wallet.
No. At this time it’s not possible to delegate from an exchange, but we may enable this and some exchanges may support delegating in the future.
Yes. Your coins never leave your wallet, and you can change your delegation choice at any time.
No. Anyone can join any pool; all pools are open, visible, and transparent.
No maximum number of users; anyone can join. But there’s a level of stake after which joining this pool will give less and less reward.
Yes, when the epoch ends.
For maximal efficiency and security, a solid majority of stake (about 80%) should be delegated to a number of stake pools (about 100 seems to be a reasonable number). The stake pools should be online when needed, and they should provide relay nodes, which are additional network infrastructure. The remaining proportion of stake (about 20%) should belong to “small” stakeholders, who can decide to either participate in the protocol on their own or to simply do nothing.
A delegation certificate delegates staking rights from one staking key to another. It can be published on the blockchain as part of the metadata of a transaction, in which case a pointer addresses can refer to it. Such a published certificate is called heavyweight. In case of conflicting certificates, later in the blockchain wins. The fees for creating a heavyweight delegation certificate are the transaction fees for the containing transaction. A lightweight certificate is not published on the blockchain, but instead included in block headers to prove staking rights for the address that was elected slot leader. It also contains a “serial number” to break ties.
Cardano is a proof of stake system, so holding stake, i.e. owning Ada, means more than holding Bitcoin means for the Bitcoin protocol. Cardano is a fully-fledged cryptocurrency, so of course Ada can be used to buy goods or services. In addition to that, holding Ada also comes with the right and obligation to participate in the protocol and to create blocks. These two aspects of holding Ada can be separated by means of delegation: a stakeholder can delegate her right to protocol participation while retaining the monetary value.
Somebody wanting to create a stake pool creates a registration certificate and embeds it in a transaction that pays the pool registration fees to a special address. The certificate contains the staking key of the pool leader. People wishing to delegate to the pool must create (heavyweight) delegation certificates delegating their stake to that key.
The act of delegation does not relinquish spending power. Only the right to participate in the protocol is delegated. Funds can be spent normally at any time.
Using combinations of base and pointer addresses and “chains” of delegation certificates, a large number of scenarios can be covered, including: Regular user wallets, Offline user wallets with cold staking, Wallets with enhanced privacy, Staking pool wallets, Enterprise (exchange) wallets
There are three distinct types of addresses, each of which is associated with two cryptographic key pairs, one for payment, one for staking. All three types behave identically as far as payment is concerned. Base address: The staking key is directly linked to the address. Pointer address: The address contains a “pointer” to a delegation certificate on the blockchain which defines the staking key. Enterprise address: Staking is not possible. This address type is meant for exchanges, who are not supposed to use funds entrusted to them for protocol participation.
There are two main reasons for having transaction fees in Cardano, or any other cryptocurrency: The prevention of Distributed Denial of Service (DDoS) attacks. In a DDoS attack, an attacker tries to flood the network with spam transactions. If he was required to pay a sufficiently high fee for each of those dummy transactions, this form of attack would become prohibitively expensive. To provide funds for incentives.
For example, a transaction of size 200 bytes (a fairly typical size) costs: 0.155381 ADA + 0.000043946 ADA/byte × 200 byte = 0.1641702 ADA. The minimal fees for a transaction are calculated according to the formula: a + b × size where: a is a special constant, at the moment it is 0.155381 ADA; b is a special constant, at the moment it is 0.000043946 ADA/byte; size is the size of the transaction in bytes. The reason for having parameter a is the prevention of DDoS attacks mentioned above. Even a very small dummy transaction should cost enough to hurt an attacker who tries to generate many thousands of them. Parameter b has been introduced to reflect actual costs: storing larger transactions needs more computer memory than storing smaller transactions, so larger transactions should be more expensive than smaller ones. Although particular values for parameters a and b were calculated, these values will probably be adjusted in future to better reflect actual costs.
In the operation of Ouroboros, the proof of stake protocol running Cardano, time is divided into epochs and slots. A slot lasts 20 seconds, while an epoch contains 21,600 slots and lasts five days. Incentives are distributed each epoch. Transaction fees of the blocks created during that epoch (together with Ada from monetary expansion) are collected into a virtual rewards pool and that total is distributed amongst the stakeholders.
The rewards pool from one epoch is distributed amongst stake pools (and individual protocol participants) according to their stake. There are two conceivable ways of doing this: Proportional to stake controlled at the beginning of that epoch. Proportional to the number of slots the stake pool was elected slot leader (not to the number of blocks created).
Note that the two refinements explained before can lead to a situation where not all funds contained in the rewards pool will be distributed. This is a feature that allows the remaining funds to be put to use in the treasury.
The way the distribution of funds works means that there is no competition between pools: There is nothing one pool can do to increase its rewards by decreasing another pool’s rewards. Note also that the way distribution of funds works implies that there is no competition between pools: There is nothing one pool can do to increase its rewards by decreasing another pool’s rewards. Neither is there any incentive for any pool to sabotage another pool’s work.