No vetting and no checks. No one controls the creation of pools. Stake pools will be able to provide a website for marketing and to provide additional information on who they are, and you can use this in your choice.
Server maintenance and devops/sysops experience will be a very big plus. Linux system administration skills.
There will be tools to assist the installation, but potential pool operators are expected to have basic sysop skills for this.
You can participate in the testnet stakepool by following the instructions on the testnet site when it is published. Similar instructions will be provided online when it is deployed to mainnet.
We agree. We don’t have this yet but we will work towards it. Please keep in mind that pool operators will be expected to have Linux sysadmin skills.
None, a stake pool registration is a transaction on the blockchain.
We have not yet arrived at the cost for the pool certificate.
This is the point of this group, to gather questions for IOHK to create a stake pool handbook.
To operate a public competitive stake pool, the owners of the pool have to pledge ada to their pool. The details of this are covered in the documentation on staking incentives. No minimum amount of ada is required to run a pool or to delegate to a pool, though you do need some ada to pay the transaction fees.
Technically yes, but you need to pay fees to create your staking keys and the pool. This is possible so that people can run their own pools without having much of a personal stake; they can act as service providers for people who have stake, but don’t want to run their own node.
A pool operator doesn’t even need a wallet. The fees would be paid by the pool owner.
This is a market decision made by the combination of individual delegators making their individual decisions based on their perceptions of competing stake pools.
No risk, except that this pool will go down, and you will start getting no rewards, so you need to monitor if they are doing well, and re-delegate to someone else if they are bad.
It is not true that owners have to pledge >0, but if owners do pledge ada to their pool then they must actually delegate the amount they pledged to do, otherwise the rewards are zero. The pool owner might stake no ada and still operate the pool. But the more a pool owner stakes their personal coins, the more profitable a pool will be. The pool is deactivated if the owner’s stake is less than the pledged amount, but the pool creator can pledge 0.
It will not affect your Cardano staking as long as you provide 100% uptime for your node.
You can have many staking keys in one wallet.
The initial release of Daedalus and Yoroi will only support one stake pool delegation choice for a wallet. This may change later, with support for many accounts in a single wallet, each with its own delegation choice. Third-party wallets are free to implement other policies.
Yes, you will be able to delegate to a pool from a hardware wallet or a paper wallet.
There is no minimum. We have tested running a stake pool on a small single-board, running at 4-7 watts. But that is unlikely to be optimal, and operators will need to experiment to get the right combination of cost, performance, and energy efficiency to maximize their pool’s profitability and attractiveness to delegators.
No. But we’ve tested on other higher-spec minimal single-board computers, just for fun. As mentioned above, this may not be optimal hardware, but it will run.
Network security: 7
Network/system administration: 6
Ability to use monitoring tools: 7
You don’t need a domain address and a static IP is not vital.
The stake pool node itself can be completely firewalled from the internet, so long as one or more public relays are provided and the stake pool node can communicate through the firewall with the relays.
No. When you run a Daedalus wallet you run a full node. And the protocol is the same as between pools because pools are just full nodes.
Yes, stake pools need to provide near 100% uptime.
Currently, it takes 3-6GB. A guesstimate is less than 50MB per epoch using similar parameters to the mainnet, but it depends on overall usage of the network.
They are not required but many future pools already have websites as part of their marketing strategy.
Not for now.
Some simple statistics will be available in Daedalus and Yoroi. Explorers might provide more detailed information. Anyone has access to the data, since it’s all on the chain. User reviews will have to go on some external third-party service.
You will be able to delegate to a pool from Daedalus or Yoroi.
Daedalus and Yoroi should support staking right away when Shelley starts.
Your coins never leave your wallet and are never locked.
The testnet in under development and will be ready soon. The timing for the mainnet will depend on the amount of effort, adjustment, and enhancement needed to get the testnet capability and code to mainnet readiness.
No, for now there's no slashing.
No coin burns.
You will be able to delegate to a pool with no computer experience just by using a Daedalus or Yoroi wallet.
No. At this time it’s not possible to delegate from an exchange, but we may enable this and some exchanges may support delegating in the future.
On Cardano you can only stake ada.
Yes. Your coins never leave your wallet, and you can change your delegation choice at any time.
No. Anyone can join any pool; all pools are open, visible, and transparent.
Then its stake share stays equal to the founder’s stake. Nothing special happens.
Yes, that’s one of the aims.
We will first introduce staking on a testnet, to gain some experience, and deploy the feature to the mainnet later.
There will be no GUI support initially. Docker support will be added later, but initially deployment scripts will be using NixOps.
Stake pools don’t vote. Only the genesis key holders will be able to vote initially.
The intention of selecting a stake pool is that it is a user choice, and information will be provided on what the most likely profitable choice will be. The incentives system is designed so that a rational selfish choice is a good choice for the overall system.
The wallet API will provide the ability to set delegation choice, and so you could write a program to automate this; however, changing delegation choice does cost transaction fees, so any automated program would want to take that into account. Network spam is discouraged using the transaction fees, which are set to make spamming the system unprofitable for the attacker.
There is nothing special about delegation in this regard. All transactions are subject to these fees for DDoS protection. The whole point of delegation is so that people ‘vote’ with their stake for good pools, and not just select the most profitable one. Delegation to a pool will require signing a transaction, so you would pretty much give those scripts allowance to do whatever with your wallet and private keys.
No maximum number of users; anyone can join. But there’s a level of stake after which joining this pool will give less and less reward.
Yes, when the epoch ends.
A pool will be able to change its information, like description, website, etc. Not sure about the name for now. But pools will also have short unique tickers and you won’t be able to change those. Plus every pool is identified by its unique blockchain ID, and that cannot be changed.
Yes, and in addition you will be alerted if the profitability of the pool changes significantly, even if it has not gone offline entirely.
All this will be available on-chain and Daedalus and Yoroi will display some stats and an historical pool performance score. Also, both Daedalus and Yoroi will notify users if their selected pools change their parameters suddenly. So if your pool changes their costs or fees unexpectedly, you will be notified.
Daedalus and Yoroi will show this metric for all pools and also will sort pools in UI so that those pools close to being saturated go lower. Also, both wallets will notify users explicitly if their pool of choice is overflowing.
When you host a pool you get a percentage of rewards from all delegates.
All pools follow the same in-protocol reward scheme. Pool creators determine 'costs' in ada, and 'profit margin' in percentage.
There will be a percentage taken from all rewards and sent into the treasury. But, for now, no-one will be able to take any funds out of the treasury.
It's the tax on all rewards that goes to treasury every epoch.