Cardano launched the Incentivized Test Network (ITN) beginning December 2019. Our stake pool was registered on the blockchain on December, 18th of 2019. Since then we have been steadily producing blocks and earning rewards for our delegees. Participating on the Incentivized testnet we gained a lot of insights on how to optimize running a stake pool. Certainly in the first few months were exciting months with lots of new releases of Jormungandr, tweaking the parameters for the stake pool to run effectively and stable, and optimizing the stake pool to get a slight advantage over other stake pools. It took a while for the stake pool to run smoothly and hitting a perfect performance for several epochs in a row. This was primarily due the found bugs in the software that had to be patched by the IOHK team. The ITN was afterall a testnet, although incentivized. They did a great job on this and we ended up with a very stable release of Jormungandr.
The Shelley protocol for the mainnet will be written in Haskell. Haskell is used in the most critical components of banking software. It is also used in the software for space shuttles. This makes Haskell the preferred programming language of choice for the for stake pool software. As the software of the mainnet candidate was written in another programming language than the programming language used for the ITN, the Haskell Test Network (HTN) was launched to test the software. Of course we also participated in the HTN. We got our node up and running in just a matter of few days. We are very excited about the performance and robustness of the software. Combining the great software, with the gained experience on how to set up a stake pool, we are prepared for the mainnet. We have decided to go maximal availability and security. The way we have set up our stake pool and the necessary internal network can be found here.
On July 29th, 2020 Shelley will effectively come to the mainnet with the smooth fork of the protocol. From then on, we will be producing blocks on the mainnet of Cardano. Cause of the way the smooth fork works and to give stake pool operators time to set up their stake pools, it takes a while before the production of blocks is rewarded. Rewards for producing blocks will be given starting from August, 19th. This also gives owners of ADA time to delegate their stake to a stake pool and to collect their rewards of the ITN.
We are ready for the mainnet launch and hope you’ll consider delegating to our stake pool. The costs of our stake pool service is very low and will give you maximum rewards. It is our mission to make you able to relax after you’ve delegated your stake to our pool.
MissionIt is our mission to give you the maximal rewards and at the same time peace of mind that you are not missing out on potential rewards. Based on this philosophy we have designed the internal network hierarchy of our block producing node and relay servers. Focussing on reliability, low latency and low costs of operation are the thriving pillars behind the things we do. We believe that ADA holders shouldn't have to log into Daedalus or Yoroi daily to see if they are gaining rewards or that the stake pool they delegated to is still producing blocks.
The last ¾ year we have been testing and optimizing the technical side of stake pool operations. Now everything is fully ready to start producing blocks for you. The coming time we want to focus on how we can give our delegees the ultimate ‘relax’ feeling. This means we will be adding additional features to our website, which will give you more insights in the returns of the stake pool as a whole, and your individual rewards.
We will also be pledging our own stake to the stake pool. This will ensure that our goals are aligned with our delegators. By pledging our stake to the stake pool, we will guarantee a minimum amount of delegation to the pool. Positive side effect will also create a higher ROS for our delegators.
Because we want you to get the best return on your stake (ROS), we have decided to keep the costs as low as possible. This means that the time we are investing in development isn’t included in the operational costs.