CategoryADA

ADA AdaLite Q&A

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This is an excerpt from an email I just got from the AdaLite group. It answers some questions that have been posed to them. The only relationship I have with AdaLite is that I stake my ADA with them.

MAKE SURE YOU ARE ON  URL WHEN ACCESSING YOUR WALLET

When are the Staking Rewards distributed?

Seems like this is still unclear to many people. Initially, when you first delegate, it takes 15-19 days for your first reward to show up, after that you will be receiving your rewards every 5 days, at the end of the epoch. You can take a look at this picture to better understand the Staking Rewards lifecycle.

If you delegated your stake on or before 13th August you should already see rewards in your wallet. If you first delegated between 14th-18th August, you will receive rewards at the end of current epoch (2nd September).If you first delegated between 19 Aug – 23 Aug you will get first rewards on 8th SeptemberFirst delegations between 24-29 Aug will receive rewards 13th September.

Please remember, you don’t have to withdraw the rewards after each epoch, they are automatically staked!

How are the rewards affected by the pool performance?

We already know exact results for the first 2 epochs where the staking rewards bonus or penalties for pool performance were not applied. ADLT pools brought over 5.4% ROI to our delegators (after fees) which is pretty much market standard among the top pools.

Currently, this ROI was mostly affected by the size of the pool (larger pools had slightly better ROI) but from the last epoch 213 (24th – 28th August) also the pool performance and luck are kicking in. This means that rewards will be affected by the number of blocks the pool minted compared to how many blocks the pool was supposed to mint.

How many blocks is the pool entitled to mine in an epoch is affected by some randomness so it can happen that pool that minted all blocks it was assigned will have under average performance because they were randomly assigned fewer blocks to mint in the epoch and vice versa, a pool that missed some of its blocks can have above-average performance if they randomly received more blocks to mint in the epoch. But in the long run, it should be easy to find out which pools are reliable and which not.

AdaLite Stake Pools update

Our pools are doing really great and we will bring better than average returns to our delegators for epoch 213 as we were lucky and we were assigned a lot of blocks. We expect the ROI for ADLT2 to be around 5.7% and for ADLT we expect even up to 6.5% ROI for the epoch 213 (you will see the exact results after current epoch 214 ends on Wednesday).

As we have been receiving a lot of delegations lately, first two pools are already pretty full and we opened 3rd pool. The saturation level for ADLT2 pool reached 85% which is still good and won’t affect the performance of the pool in a negative way but it would be great if some people from ADLT2 move to the new ADLT3 pool. We received almost 70 million of ADA delegated to ADLT2 in one night last week.

ADLT3: 92229dcf782ce8a82050fdeecb9334cc4d906c6eb66cdbdcea86fb5f ADLT2: ce19882fd62e79faa113fcaef93950a4f0a5913b20a0689911b6f62dADLT: 04c60c78417132a195cbb74975346462410f72612952a7c4ade7e438

What is Pool saturation?

Saturation is a term used to indicate that a particular stake pool has more stake delegated to it than is ideal for the network. This is dependant on the current setting of the network and currently, pools that have more than ~210 million ADA delegated to them are considered saturated and receive penalties for the rewards. 

Staking Rewards withdrawal

Delegators are receiving rewards at the end of the epoch to special Rewards Address which is represented by the Rewards Account Balance on the Staking screen in AdaLite. Once you have some funds on this account, you will see the withdraw button that will allow you to transfer the funds to one of your spending addresses. This operation involves a transaction fee and it is not necessary to do this unless you want to send the rewards away from your wallet. Rewards are automatically staked also when they are sitting in your Rewards Account (you just can’t spend them).

Export transaction history to CSV

We added the possibility to export your transaction history to CSV. Currently, we also display rewards withdrawal transactions here but we don’t display the rewards distribution. It is up to a discussion about what should we be displaying in the export in future – rewards distribution after each epoch or the rewards withdrawal only.
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ADA Delegating

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Here is a great article walking you through the steps of delegating your Cardano ADA.

Below is a quick video on how to stake your ADA on the adalite.io wallet delegating with adalite.io. Staking has been pushed off until August 13, 2020. Payouts won’t be received until August 23rd. See delegation cycle below.

Cardano Delegation Cycle

Epoch = 5 days

A few words from AdaLite.ioplease be aware that there are multiple websites mimicking AdaLite interface that are trying to steal the keys to your wallet. Please make sure you check the URL in your browser every time you visit AdaLite that it matches . Never give your mnemonic seed phrase to anyone. 
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ADA Cardano Incentivized Testnet

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ADA Incentivized Testnet – what is it and how to get it

UPDATE Snapshot Taken – November 29, 2019:

The balance snapshot was taken on November 29 at 12:00 UTC. If you had ada in a mainnet Daedalus or Yoroi wallet at the time, you will soon be able to delegate your stake to earn real ada rewards on the Incentivized Testnet. First, there will be a brief interim period to allow stake pool operators to set up before the Incentivized Testnet wallets are released and delegation begins. To learn how to operate a stake pool on the Incentivized Testnet, please visit our testnet website.

Cardano Announcement – November 27, 2019:

The full balance snapshot has been scheduled for November 29 at 12:00 noon UTC. If you wish to participate in the Incentivized Testnet and earn real ada rewards, you must ensure that your mainnet ada funds are in either a Daedalus or Yoroi wallet at the time of the balance snapshot.

And what exactly is a balance snapshot? A balance snapshot is a record of all ada on the network at a particular point in time. That record will then be used to replicate ada balances on the Incentivized Testnet, so users can delegate or operate stake pools with an amount of testnet ada equivalent to their real ada.

After the balance snapshot is taken, there will be a brief period during which the Cardano Foundation will work with stake pool operators to help set up their pools and debug any network issues. Once we’re happy that the network is stable and there are sufficient reliable stake pools, the rewards phase of the Incentivized Testnet will begin for delegators. A new version of the testnet wallets will be made available with which users can explore core functions and ensure their testnet ada balances are displaying correctly before rewards are rolled out. As always, we’ll be sharing progress updates along the way to keep you informed.

For now, anyone interested in taking part in this testnet MUST:

Be aware the balance snapshot will be happening on November 29, at 12:00 noon UTC.And ensure that your ada is in either a Daedalus or Yoroi wallet before November 29.

We’ll be back soon with more updates!

Cardano Announcement – November 15, 2019:

We are pleased to announce that the Daedalus & Yoroi (Shelley Testnet) Balance Check wallet is now available for download! Follow the instructions on IOHK’s website for Daedalus and EMURGO’s Q&A tutorial video for Yoroi wallet to check if your ada balance has been correctly captured as we head toward the rollout of our Incentivized Shelley testnet

For Daedalus Wallet:

For Yoroi Shelley Testnet wallet: Chrome:

Firefox:

EMURGO’s Yoroi Balance Check Tutorial Video + Q&A:

Shelley mainnet goes live: an Incentivized Testnet that all ada holders can join to earn real ada rewards. Rewards earned from the Incentivized Testnet will be transferred to the mainnet. The ada earned from delegating your stake or operating a stake pool are real and will be transferred to the mainnet when it goes live.

Anybody that holds ada at the time of the balance snapshot can participate in the Incentivized Testnet. But you’ll need to ensure that you are holding it in either a Daedalus or Yoroi wallet.

Cardano Incentivized Testnet Site

What’s Next?: If you had ada in a Daedalus or Yoroi wallet when the balance check snapshot was taken at 12.00 UTC on November 12, you’ll soon be able to check your testnet balance. Special balance check versions of Daedalus and Yoroi will be available in the next few days, where you’ll be able to validate that your mainnet ada balance was accurately captured. Sign up to our mailing list to be notified when the new wallet clients are available, or check back here.

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