Thank you very much! This means a lot to me!
CONGRATULATIONS to the pools receiving delegations!
We are inspired and thankful to have made the first cut. If we receive CF8 funding, we will absolutely deliver on everything stated in our proposal. Perhaps after we have proven ourselves and CERP, we might be selected to receive delegation as we proceed into Phases 1-3 and beyond.
Please support the CERP effort by voting “YES” today.
congrats to All chosen Pools.
You guys are well deserved!
And thanks to @Cardano-Foundation for this amazing work.
Congratulations to all the winner
An interesting discussion in which there are many opinions, so I can only give my personal point of view here.
1.) Impact: Larger packages have a greater impact on pools, it can help them attract more stake and then actually stand on their own feet. With small packages, you almost certainly never have that effect.
2.) Costs: The smaller the packages and the more you delegate, the higher the costs for you. A factor that should not be underestimated, especially the min fee adds up very quickly. This also goes against the incentives set by the protocol. (especially if you are the only whale, example: 340*45 = 15k ada every epoch, 92k ada every month)
3.) Managing: The more packages that need to be managed, the more administrative overhead is generated.
4.) A pool should not depend on getting the delegation from Cardano Foundation (or any single delegation) otherwise it will not survive in the long run. It’s just delaying the inevitable.
AFAIK it’s just that. Random :). In the past I know it was avoided to delegate to a pool twice in a row but that is no longer the case.
Congratulations for all chosen pools - we are going to apply for the next round in June - Power to small pool operators and to real decentralisation!
Thanks to cardano foundation for this mechanism to support single pool operators, who are engaged in the cardano network. But I’m wondering if cardano foundation resp. iog see it as a problem, that big players like binance, etoro and others own the most power in the cardano network. Binance e.g. gives at the moment more than 11% staking rewards for a fixed 90 days period - it is very difficult to compete with that. And they gave already over 50% when they need ADA Liquidity. Are there any thoughts about further change of network parameters or other that pool groups cannot ad more and more power within the network? Or is it just a nice addon to have some single pools?
The random draw works like this: A team that is responsible for the evaluation gives the shortlist that we post above to the team that is responsible for the delegation.
Then, just before delegating, the list is shuffled 3 times using the “randomize range” function in Google Sheets.
This process ensures that the two steps remain separate and that individuals do not have too much influence on the actual outcome.
Thank you. I appreciate that transparency.
Thank you very much @Cardano-Foundation for believing in the community and for all the great work you’ve done so far. Your contributed will massively help the pool and ultimately help our contributions to the children who are in need.
Thanks for the response, but I don’t agree with any of your points.
Impact: you are contradicting yourself with point 4. 15M vs 9M doesn’t make much difference to the pool in terms of attracting new delegation. Since the purpose is not to help survive the pool as you stated in point 4 then it makes sense to delegate to the 73 from the shortlist.
Costs: so the foundation is not breaking up the delegations to “save” 57k ADA per month? what happen to supporting decentralization or the developers?
Managing: there’s that much difference from managing 45 or 73 wallets? I’m sure the bright minds in Cardano Foundation can handle it with a bunch of scripts right?
If the purpose is not help survive the pool but to support developers of Cardano, how is that maximizing the support is point against?
Congratulations to all the pools that got selected for this round!!
I am running one of the stake pools who was selected, but lost in the draw, and I agree it would be better if it were a lower amount per wallet for more stake pools. But this would increase the administrative overhead a lot. I am sure they are not managing the wallet just with some scripts, it must also be a manual process for each of the wallets, which I am sure are hardware wallets, stored in some vaults.
I am happy the delegation program continues, IOG stopped delegating to small stake pools recently…
Congratulations to all winners!
Didn’t IOG used to manage 100 wallets with 3M each? So if that’s possible, the foundation can manage 73 wallets with 9M right?
Actually that’s a good point.
I’d like to see CF incorporate a ‘rational’ delegation strategy with at least part of their funds - rational as defined by Cardano’s design documentation. Last round they delegated to multiple pool with only 1000 pledge. These pools shouldn’t even exist, let alone be given 15 million stake.
CF is partly responsible for educating users. The 3rd? largest holder of ADA showing an example of irrational delegation to newcomers while also not contributing to the decentralization of the network is pretty silly… and no, pools with a couple thousand pledge who’s website says single pool do not contribute to decentralization the way delegating to maximize rewards does.
Does CF not agree with the delegation design by IOHK?
I’m running the HIPPO pool. A pool listed in the shortlist that also lost on the draw.
I won’t deny, it hurts a bit. Being selected for your work is positive, not being chosen on a random factor is harder.
(@Cardano-Foundation) Why not making two rounds of delegation with all the pools shortlisted ? Or splitting the wallets to fit the 73 pools selected ?
Don’t misunderstood me, I don’t deserve it more than any one, I have put passion in the work I’ve done and will continue to do so, but having rewarded all the selected pools would have been more motivational. Especially knowing how hard it is to attract delegator.
Congrats to all the winning pools, you surely deserve it
Congrats to all winners! Hope you all make great use of this opportunity!
@Cardano-Foundation I think you should be more open about why every pool on the shortlist is on it. For some pools it is obvious, but for some pools it isn’t exactly clear what exactly they’ve contributed. That doesn’t mean that they didn’t deserve it, it just means that it isn’t clear or known why they deserve it…
As it is for now, I see multiple pools listed in the honorable mentions list that at first sight have done more for the ecosystem than some pools that did receive delegation. That might be frustrating for some.