Why choose us?
Our nodes run on enterprise grade cloud servers spread around the globe. Our block producer has 8 cores and 32GB RAM, and our relays are each powered by 6 cores and 16GB RAM. Security includes firewalls and DDOS protection, with superfast internet connectivity and redundancy. A mix of cloud and baremetal servers is part of our future roadmap.
Our cloud servers are running 24/7 and are continuously being monitored and updated. This helps to support the network and give us the best chance of minting blocks in our assigned slots. We check for assigned slots before each new epoch, and ensure that the nodes are running smoothly when our opportunities arise.
We take the minimum fixed fee of 340 ADA and 1.5% margin currently, this helps cover the cost of running the pool. The fee is fixed by Cardano and the margin cost is small considering the size of the pool and all the time, effort and cost of running a reliable stakepool. We review fees regularly, and will adjust the margin relative to active stake movement in the pool.
So what is staking?
Staking Cardano is a great way to earn passive ADA income. You can view it as earning interest on your
crypto holdings. If you decide to stake your Cardano (ADA tokens) for a set period of time, you’ll
periodically earn a return
on your investment. Staking also helps the Cardano network: it is the process by which validators are
create a new block and process transactions.
Staking is an alternative consensus mechanism (way to verify and secure transactions) that allows ADA token holders to secure the network with minimal energy consumption and setup.
Cardano addresses have separate keys for spending and staking. This means that if you decide to stake your ADA tokens, they will never leave your wallet. Plus, Cardano doesn’t require your tokens to be locked in for a term—you can un-stake your tokens at any time. This flexibility sets Cardano apart from its competitors.
You can delegate tokens from your Daedalus or Yoroi wallet as explained below.
On your phone
Download and install the Yoroi Cardano Wallet for iOS or Android.
- Create and fund a new Shelley wallet
- Once funded, click delegate (bottom right) and search for 'DEN'
- Once you've found 'DenAdaPool' just click Delegate
- That's it ... you're done!!
On your computer
Download and install the Daedalus wallet for your operating system.
- Click the wallet icon (top left) and + Add Wallet
- Follow instructions to create and then fund your staking wallet.
- Click the network icon on the left menu and select stake pools
- Search for and click on 'DEN' to delegate
- That's it ... you're done!!
Here are answers to some common questions
Is staking secure?
Your staked ADA tokens never leave the wallet you are delegating from. So the security of your ADA is still 100% in your hands. If the pool gets hacked or disappears your funds are safe and you can redelegate to another pool.
When do I start receiving rewards?
When the pool produces blocks in an epoch, you receive rewards 5-10 days later and then every 5 days after that if the pool is producing blocks regularly. Rewards are added to your staking wallet, so your stake increases automatically unless you claim rewards. If you stake with a larger pool you can expect smaller but more frequent rewards, and with a smaller pool rewards are typically larger but less frequent.
Are there any fees to start staking my ADA?
When staking you pay a small transaction fee (roughly 0.17 ADA) to create and sign your stake key. There is also a 2 ADA deposit which you get back when you stop staking.
What is the minimum ADA I can stake?
Currently the minimum you can stake is 10 ADA. Just remember, rewards are shared proportionately amongst pool delegators, so the more you stake the greater your share of the rewards.
Can I easily change staking pools?
Yes. You can switch staking pools any time. Just keep in mind that delegation is epoch-based. So if you change your staking pool halfway through an epoch, your change will only get processed for the next epoch.
How do I get in touch?
Contact us on TWITTER or TELEGRAM if you have any questions or want to know more about Cardano staking and rewards.
Paying it forward
As a member of the Ardana Stakepool Alliance (ASPA) you will be earning extra DANA rewards over and above your normal ADA rewards from the 1st of July 2022. The ISPO will run until the end of the year, so join now if you want to take advantage of the early bird multiplier. Details can be seen in this Ardana medium article.
We pay it forward. 10% of all operator fees earned by the pool will go to charities in need of support, either locally or around the globe. Our current charity of choice is The PERTH CHILDRENS' HOSPITAL FOUNDATION, but we will change it up periodically to spread the love.
Here are the details needed if you wish to stake with us.
Pool ID: d28e4ae3848720195f09becd15e6985b54cbf3b62e52bf53c5af8501
See more pool details at CARDASTAT.INFO