Why choose us?
Our nodes run on enterprise grade cloud servers, each powered by 6 cores and 16GB RAM. Security includes firewalls and DDOS protection as standard, with superfast internet connectivity and redundancy. Definite advantages over basement servers in our opinion.
Our cloud servers are running 24/7 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 monitor our servers constantly to ensure they are running smoothly when our opportunities arise.
We take the minimum fixed fee of 340 ADA and 0% margin. The fixed fee will never be changed. The margin will grow in 0.5% increments every 5M staked up to a maximum of 2% once our live stake reaches 20M. All earned fees will be added to our pledge to grow the pool.
We are based in Perth in Western Australia, and have positioned our servers here. We could place our servers anywhere on the globe, but what better way to enhance decentralisation of the Cardano network than to run nodes in places that are well connected but geographically remote?
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
- 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
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 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.
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.
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.
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.
Until our pool reaches 1.2 million in delegation, we are giving back 90% of our operator fees to our delegators. We are doing this to grow our pool to the point where we have the best chance of minting blocks in every epoch. Check out the video below for details ...
Here are the details needed if you wish to stake with us.