Hey people 🙂
The price goes on a roller coaster ride but regardless of that the development on Cardano always continues. There are some exciting developments and below you will find the latest information and a small FAQ about the SundaeSwap ISO.
When does the ISO start?
The ISO starts together with the DEX. There is no date announced yet.
To which pool do I need to delegate to receive Sundae tokens?
30 SPOs were chosen by the community. All pools of the chosen SPOs are eligible for Sundae rewards. Here are the official voting results. And here is the unofficial list with all participating pools. An official list with all Pools/Tickers will be made available before the ISO starts.
Can I already delegate now?
Yes you can but you will only receive ADA rewards until the ISO starts. When the ISO starts you will receive Sundae on top of your regular ADA rewards. There will be sufficient time before the ISO to redelegate if you do not want to change right now.
Do I need a special Wallet for participating in the ISO?
No you can use any wallet that allows staking to one of the ISO pools.
How long does the ISO last?
Five Epochs / 25 Days.
Do I need to stay the whole time?
No you can also partially participate and will receive the rewards for every full epoch you delegated to an ISO pool during the ISO.
How much Sundae will I get?
5% of all Sundae tokens will be issued. So 1% will be distributed per ISO Epoch to all delegators who have staked their ADA in an ISO pool. The rewards are proportional to your stake but not linear. The exact calculations will be released after the ISO to prevent people from gaming the system.
How do I receive the SundaeSwap tokens after the ISO?
You will need to claim them with a dApp enabled Wallet. They won’t be airdropped to your wallet. There will be plenty of time to claim them. Most likely one year.
What other ways are there to get Sundae Tokens?
So far there are 3 announced ways to get the token:
- Swapping either on our protocol or some other exchange
- Providing liquidity to the protocol
Providing liquidity will likely generate the greatest rewards.
What will the starting price be of the SundaeSwap token?
The initial price of the token is not determined yet. SundaeSwap will not be setting the price.
SundaeSwap Public Testnet
The SundaeSwap Public Testnet will launch on the evening (EST) of Sunday, December 5th. This is an excellent chance to play around with the DEX in a risk free environment and test out the features before the mainnet launch. Read this article to get all the latest information: Let’s Sample Some Flavors: SundaeSwap Testnet Announcement!
Important: This is a testnet. There will be bugs. It won’t be a perfect product. High volume and congestion is expected on the testnet. All of this is intended, this is what a testnet is for. It serves to improve the product, so we will not experience these problems in the mainnet.
Also take a look at this video where Pi (Sundaeswap Labs Chief Information Officer) talks about the ISO and the approaching launch, the team’s open-source philosophy and their plans for the future.
New IOHK Blog posts
Cardano360 – November 2021
Performance and assigned slot
Epoch 303 was rather unlucky with only 42 assigned slots. We in addition lost 3 blocks due to slot battles and missed to produce one block. We never missed a block before during a regular epoch. Sometimes a pool randomly misses a slot leader check which in very rare cases (if exactly this slot is assigned to the pool) leads to a missed block. However to mitigate this issue I again upgraded the block producing nodes to more powerful machines that far exceed the requirements. I’m confident that we won’t see any more missed blocks in the future.
Epoch 304 was a lucky one with 54 assigned slots. We produced all 54 but lost 3 due to slot battles. That leaves us with around 111.31% confirmed luck.
Epoch 305 was on point with ~100% confirmed luck. We were assigned 62 slots, produced all 62 but again lost 3 due to slot battles.
In Epoch 306 we are looking for 57 leader slots which means 103.62% luck. Some blocks may be lost due to slot or height battles again which will reduce our confirmed luck. But we’ll say how the epoch will play out.
Please let me know if you have any questions or just want a chat. All the contact options are in the footer below.
That’s all I have for you today. Talk to you soon 🙂