The Shelley roadmap laid out the expectation that the project could achieve 100 times the decentralization of other networks.
Unfortunately, we are far from decentralisation at the moment, the pie chart below shows that 10 pools control over 45% of the network.
What can delegators do to help Cardano become the most decentralized network in the world?
Easy answer……..delegate to small pools instead of big pools, this is as simple as that.
Why shouldn’t you delegate to large pool?
- By delegating to large pool you contribute to the centralization of the Cardano network
- By delegating to small pools, you contribute to the decentralization of the Cardano network, which help increase Cardano’s value and so does ADA price.
Why don’t delegators delegate to Small pools?
#They don’t know any small pools
It is very hard to find small pool using a Daedalus or Yoroi wallet, most delegators only delegate to pools they see on the 1st row of the ranking
#Fear of getting lower rewards
If a pool doesn’t mint a block, delegators don’t get rewards, it is as simple as that.
So why would delegators risk delegating to small pools?
This is a common misconception, rewards average out, the rewards for staking ADA have been set for approximately 4-6% per year (Return on Stake, or ROS).
Large pools find more blocks than smaller pools and tend to pay out more consistent rewards. Ex: Across three epochs, a large pool may payout 5%, 4.9%, and 5.1% ROS
Small pools, on the other end, will have much more variation in the number of blocks they produce per epoch, and so their rewards will vary significantly. Ex: Across three epochs, a small pool may payout 5.5%, 9.5%, and 0% ROS, but over time the rewards will average out to the same % as the bigger pool.
How can we make Delegators delegate to small pools?
This is the 1-million-dollar question
And KIND stake pool is trying to answer it with our NOVEMBER MILLIONAIRE PROMO
KIND is THE charitable pool, we give 25% of OUR monthly profit to deserving CHARITIES, the more delegations we get the more we can give to charity.
We NEED big delegators, we have to do anything in our power to get big delegators, so we have decided to put our money where our mouth is, this November we will pay extra money to big delegators that will be kind enough to delegate to our pool.
This November, from Epoch 227 (1st Nov) till Epoch 232 (end 1st Dec), delegate over 1/2M ADA to the KIND stake pool and we ll send you money on top of your rewards
Delegate 500K ADA or more to us and we will send you $70 worth of ADA on top of your rewards
Delegate 1M ADA or more to us and we will send you $150 worth of ADA on top of your rewards
With this is PROMO you will achieve two things in a single action, you ll earn EXTRA money on top of your rewards and help Cardano become the most decentralized network in the world
We look forward to your support for this promotion and thank you from the bottom of our hearts for helping us make a difference in the world.
The mission to turn CARDANO into charitable giving is a large part of what drives KIND Stake Pool.
Let’s make a difference together.
Your delegation helps others!
Delegate to a Pool that Actually Gives Back and Does Good
Let’s make a difference together, your delegation helps others!
Every month we give 25% of OUR operating fees (Margin) to CHARITIES
Receive money on top of your rewards
Delegate 500K ADA or more to us and we will send you $70 worth of ADA on top of your rewards
Delegate 1M ADA or more to us and we will send you $150 worth of ADA on top of your rewards
How to take part of the November Millionnaire Promotion
Step 1:
Delegate at least 500K ADA to our Pool (Ticker: KIND)
Step 2:
Email us to let us know how much you delegated to us and what was the transaction ID
Important: If you do not email us, we will not be able to send you the extra ADA
Terms & conditions
- This Promotion is for the following period: Epoch 227 to Epoch 232.
- You need to delegate at least 500K to KIND pool.
- You need to delegate your stake to KIND pool for a minimum of 5 consecutive epochs.
- You need to delegate your stake to KIND pool before the start of epoch 230.
- Decreasing or removing your stake during the promotion period will disqualify you from receiving the extra rewards.
- Only 1 delegation per delegator is allowed.
- We ll only accept 15 delegations for this Promo, entry will be given out on a first-come, first-served basis.
- Extra rewards will be airdropped to your delegation source addresses during epoch 233 (or 5 epochs after your joining date).