I want to choose my ada into a stake pool. But I’m sceptical when the pool is almost to good to be true. Is it something with this pool which I can’t see the downside in? Is it legit? I see it is on top in my Yoroi wallet.
It’s just luck, on long term the pool ROA will decrease to around 5%
Hi! This is simply because of their lifetime luck being so high. On the long term they will have 100% luck so you can assume 100/189 of the past returns on average.
ok, but the stake pools I find in my yoroi wallet are safe to use?
Of course, delegating not meaning to send ur ada out of the wallet, u will have controll of the funds anytime
its actually wise to delegate to pools that you intend to stay long in. no need to pool-hop based on past performance as the protocol doesnt care about your past performace in terms of luck, but the wallet rankings do, so the decisions many people make seems based in false or at least inaccurate or incomplete information.
+1 (… some more characters for the software)