Currently earning 5.99% Lifetime ROS
Representing Ireland in the decentralising efforts of the Cardano ecosystem, IrishPool aims to provide a simple and reliable staking experience, not just to Ireland but the whole world. We are an enterprise level cloud and fiber based service using solid state drives so even without power we stay up and continue minting blocks.
We are a high pledge pool underlining our commitment as honest actors to the Cardano ecosystem. Our fee is a fair 2.5% of rewards per epoch. The delegation of your ADA to our Cardano pool DOES NOT require you to send us your ADA.
Cardano's Proof of Stake protocol Ouroboros and the concept of delegation is a fantastic opportunity for a savvy and forward thinking person to take advantage of the magic of compound interest. All rewards are automatically deposited to the delegator's wallet every five days. This in effect turbo charges returns.
A word about fees - we charge 2.5% on all rewards to the pool NOT on individual delegators so the percentage of fees paid by individuals is in real terms much less. The more delegators, the better for us all together.
A word about choosing a stake pool. While we would obviously like you to delegate to IrishPool there are a few points to bear in mind when making your decision. Firstly pool fee's can vary from 0% to 100%, neither is ideal. Running a pool costs money whether it is successful or not and those charging 0% are doing so to pull delegators in so they can raise fee's at a later date. A better way to judge the long term desirability of a pool is to look at the size of their pledge. The size of a pools pledge is a good indicator of a pools technical and ethical standards. Substantial pledge shows a pools commitment to the network and is a real signal of their willingness to put real skin in the game. Pools with low pledge are not going to be ran on appropriate hardware and are more likely to be ran on a Raspberry pi sitting in someones bedroom as some pools are.
Choose a pool with real commitment to the network, a fair fee and stick with them. Try not to be tempted to chop and change stake pools chasing better returns as this is a sure way to actually corrode your returns.Good luck on your staking journey whoever you choose to stake with.
ADA held on the Cardano network represents a stake in the network, with the size of the stake proportional to the amount of ADA held. The ability to delegate or pledge a stake is fundamental to how Cardano works.
There are two ways an ADA holder can earn rewards: by delegating their stake to a stake pool run by someone else, or running their own stake pool. The amount of stake delegated to a given stake pool is the primary way the Ouroboros protocol chooses who should add the next block to the blockchain, and receive a monetary reward for doing so.
The more stake that's delegated to a stake pool (up to a certain point), the more likely it is to make the next block – and the rewards are shared between everyone who delegated their stake to that stake pool.
WHAT IS STAKE DELEGATION?
Delegation is the process by which ADA holders delegate the stake associated with their ADA to a stake pool. It allows ADA holders that do not have the skills or desire to run a node to participate in the network and be rewarded in proportion to the amount of stake delegated.
We ask you to consider delegating with IrishPool for:
Cardano is an open-source project.
Cardano is a software platform ONLY and does not conduct any independent diligence on, or substantive review of, any blockchain asset, digital currency, cryptocurrency or associated funds. You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own judgment, and for all your decisions as to whether to exchange blockchain assets with Cardano. In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value. Similarly, blockchain assets you exchange on the basis of your research may fall or rise in value after your exchange.
Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks
© All rights reserved