Near the top of the report are pools that have made parameter changes since the last epoch.
The following pool has jacked up the margin from 1% to 100%.
There is 22M ADA in delegation.
The SPO will now take 6854 ADA per epoch.
The delegators now get nothing.
The SPO is taking it all.
I don’t think the delegators know.
[pool1xru6f3f…] pool1xru6f3fflzwkptgm68pncrsncg9ngllv0jk8jnz40m7wusfhazk (change #3 for this pool)
Fixed fee 340 ADA → 170 ADA ▼ lowered
Margin 1.00% → 100.00% ▲ raised
Pledge 10.00 K ADA → 0 ADA ▼ decreased
Current recommendation: AVOID
Reason: projected ROA 0.00%/yr is below the 2.00%/yr absolute floor
The pool has no ticker but you can see what the pool is doing by going to the following webpage and entering the pool ID:
pool1xru6f3fflzwkptgm68pncrsncg9ngllv0jk8jnz40m7wusfhazk
The Pool Ranger service will automatically redelegate on behalf of it’s members, when it goes live on mainnet, but it seems like there should be a way for the protocol to alert the other delegators.
@Cerkoryn@earncoinpool as lately as a couple years ago I think you mentioned a way of reporting such pools to the pool explorers… does such a method still exist?
Not really possible. You do not register any way to reach you when creating a wallet and there are enough users who delegate once and then don’t look at it again for years.
With ADA Handles, Âtrium profiles etc. we might get better ways to reach the owners of wallets. But those opting to use these third-party services are probably active enough that they would notice a rugging or retiring stake pool, anyway.
Wallet apps will hopefully warn about something being fishy with enough emphasis. But for that, people have to regularly check their wallets. We will probably never reach those who don’t do that.
I’d guess that people who use pool explorers do see what happens here and will react accordingly without an extra report. The “problem” (if you want to call it that) are the wallet owners who are more or less inactive.
…
Interestingly, if the pool owner had done the accepted thing and just retired the pool, the effect for delegators who do not notice would be exactly the same: No rewards anymore.
So, I’m not even sure how much I judge a pool owner who tries to grab some relevant rewards before retiring after not making much for years.
It was definitely not what I was thinking of, nor referring to… would SMASH somehow help resolve the problem reported above?
As I understood (then and now), it would only have affected Daedalus listing at the time: and filtering out results displayed there required manual & centralised intervention according to a process that no longer exists (having been effectively superseded by analytics services: leading back to my original question).
From the article you provided it appears that SMASH does not address the problem of stake pools that change their take from 1% to 100% without telling the delegators.
The Pool Ranger report that I run every epoch shows any pools that rug pull on the delegators and this is probably the most important thing the delegators need to know.
Oddly, since I ran my last report I see that OASIS has just raised its fixed fee from 170 ADA to 340 ADA per epoch. This accomplishes nothing more for them because they are already grabbing 100% of the margin. Previously, the margin was set at 1%. I am guessing that was to lure delegators in for the rug pull.
Like I mentioned the report is run once per epoch but if you want to see what OASIS is doing currently, you can use the pool analyzer at the following link and enter the pool ID shown below:
In the following post linked below: I mention that when Pool Ranger goes from testnet to mainnet the delegation for our members will automatically be moved from RugPools to the highest yielding pools as soon as the RugPools are detected and before they can do any harm to our members. In order to get Pool Ranger to mainnet, I will need an audit, a new computer that I can airgap specifically for this project, and I will need to purchase more a.i. tokens which will be used in further development. Currently I am retired and living on a fixed income and selling my ADA to pay for the switch to mainnet makes no sense considering the current trading price. And as explained in the post below, there is no way that the Pentad can help and there is no support coming from the community. Times are tough and everybody is feeling it. So I am returning to work as an electrician in order to get the funding required to make the move to mainnet. I have already had several positive interviews and expect to be back at work shortly. Once I get a few paychecks there will be enough to bring Pool Ranger from testnet to mainnet.
In the meantime, all are welcome to use the open source code. Maybe someone will beat me to mainnet with a Pool Ranger service of their own. That will be fine with me. We will need lots of delegator cooperatives like Pool Ranger in order to fix the Sticky Stake Problem
Strange take. It had been at 1% for years and fluctuating between 0% and 2.5% since 2020.
This was a completely legitimate pool and they obviously decided to grab some ADA as compensation for those years of suffering. Again: Can’t really blame them.
Thanks @HeptaSean.
Yes, the damage to the delegator’s ADA holdings is the same whether the pool is retired or if it is rugged. But I feel like damage has been done to the community. If the pool was retired, then some other pool would be making the blocks and sharing those rewards with delegators in proportion to agreed parameters. As it is now OASIS is grabbing all the rewards and leaving delegators feeling cheated when they find out. These feelings of having been taken advantage of can ripple throughout the community and create anger, mistrust, and disunity. I feel like we have all been hurt and I am working to stop this kind of damage. I feel that cooperatives like Pool Ranger will allow delegators to respond before any damage can be done. That is a win for everybody except the RugPools.
I am not judging the character. Maybe the pool owner needs to buy medicine for his/her sick mother. I am only trying to understand the thinking behind the action - not motive and not character. The facts support at least the possibility that this was planned. The fact that the fee was changed from 170 ADA to 340 ADA when there is no extra benefit for a 100% margin pool makes me wonder if the pool has been taken over by a different pool operator.
In any case, we have no idea how rampant these RugPools are because up until now, no one has been watching for this. I found out by accident. The difficult part of creating a cooperative of delegators was not figuring out how to move membership stake while leaving members with sole control of their funds. Franken addresses take care of that. The hard part was coming up with reports and simulators which can be used to decide where to move the stake. Once these were made, it became obvious where in the parameter space the multipools are and what to do about that, and it became obvious where the RugPools are and what to do about that.
Delegator cooperatives change the game from “Don’t be evil” to “Can’t be evil”. SPOs can do whatever they want with the parameters they control, and the delegators can respond before any damage occurs if the changes are unfavorable to them. The system becomes trustless.
I should mention that not only does the Pool Ranger epoch report identify pools that snatch all the staking rewards from delegators as shown in the first post of this thread, but it also evaluates which stake pools with a 100% performance metric will likely offer the best rewards to delegators in the coming epoch.
Congratulations to all of the pools listed below as outstanding for epoch 638!
NEXT STEPS (for administrator)
Review the recommendations above.
Execute ADD/INCREASE transactions via _delegate.mjs for:
pool1ljqjqskd4f4zekzddw204u5xtzhyz2cllq5v5dmn27zdwf9c70f — add 1.81 M ADA
[TERM] — add 7.58 M ADA
[ADALO] — add 2.02 M ADA
[BALNC] — add 1.50 M ADA
[ADAFR] — add 14.00 M ADA
[PILOT] — add 8.43 M ADA
[TITAN] — add 11.69 M ADA
[POLY] — add 14.00 M ADA
[ADV3] — add 1.64 M ADA
[OGAM] — add 7.32 M ADA
