As always, there is a lot to do and time is limited so we jump right in.
SundaeSwap ISO
No date for Mainnet has been announced yet but as we are approaching the Mainnet launch we need to set our expectations straight. I highly recommend reading this article to understand what the initial phase of the DEX will look like and what you can expect: Expectations, Congestion, & Mainnet Launch
If you have any questions regarding SundaeSwap please check out the previous pool Updates where you can also find more information about it. Don’t hesitate to contact me if there are any questions left.
Over the few past epochs we saw a lot of ghosted blocks. They are caused due to bad propagation times of previously produced blocks. That is either caused by bad connection of other pools or due to other delays in the network. There is a long known problem, where bad propagation times of blocks are caused by the reward calculation of a previous epoch. This should be partly mitigated with cardano-node version 1.33.0 which was released recently. FAIR already updated all it’s nodes to this new version. Unfortunately the impact of this will only be noticeable if as many other pools as possible also upgrade. At the time of this post, about 58% of pools have already upgraded and it is expected that we will see higher numbers throughout the next epochs.
That’s all I have for you today. Talk to you soon 🙂
Welcome to probably the last pool update of this year. Let’s just start right away.
SundaeSwap ISO
Small Update about the SundaeSwap ISO and how the testnet is going. We saw many improvements during the testnet over the past weeks. It’s a continous process and the team is still developing and further improving UI, UX and fixing open issues. There is still no date announced when the ISO and DEX will start. The chosen Scoopers will start running their Scooper nodes on testnet soon to get ready for the Mainnet launch. I’m really excited to see this project going forward.
But there is more: Many asked themselves how much the Sundae token will be worth at launch. The SundaeSwap Team said from the beginning that they won’t set the initial price and the mechanism how the price will be set was released now. Give the announcement a good read and ask me if you have any questions about it: SundaeSwap Presents: The Taste Test
No issues to report for Epoch 306 to 310. We were a bit unlucky, but also had a great Epoch 308, which ended with a new record (most blocks per Epoch) for us: We produced 68 blocks and broke our previous record of 67 blocks from epoch 261.
We unfortunately still see an increased amount of ghosted blocks due to rewards calculation each epoch. A future release of the cardano node should hopefully fix this issue soon.
That’s all I have for you today. I wish you all some beautiful last days of 2021. Reflect on what is important to you and stay healthy. Talk to you soon 🙂
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.
SundaeSwap ISO
SundaeSwap FAQ
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:
ISO
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.
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 🙂
Most of you will have noticed: We have applied for the SundaeSwap Staking Pool Operator Voting. It’s only because of you that we were able to compete against big pool farms and influencers and make it into the top 30 (official voting results). Huge thanks to every single person who voted. I appreciate each and every one of you and would like to thank you again for your continuous support.
Many will be interested in what this means now and what the next steps are. Currently we are waiting for the release of the exact ISO period. During these 5 epochs, you will earn Sundae Rewards in addition to your ADA Rewards. However, your Sundae rewards will not magically appear in your wallets like your ADA Rewards, but will need to be claimed. The claiming process will probably be done via a dApp. I will announce the exact procedure as soon as I know more about it. One thing is for sure: You will have enough time to claim the rewards and don’t have to hurry. But for now you do not have to do anything.
If you have any questions regarding the SundaeSwap ISO don’t hesitate to join our Telegram or write me personally.
Let’s have a brief look at the past epochs. 300 and 301 were pretty good epochs, both with around 100% confirmed luck. In Epoch 301 we can see one missed block. This happened due to bad luck as we were assigned a slot very early in the epoch (to be exact slot 44668860, which is slot 60 of the epoch, so 60 seconds after epoch change). At the beginning of each epoch there is currently a situation where due to calculations the network is not producing and distributing any blocks for a few minutes. So if you are assigned a slot during this time it is most likely lost/missed although the pool was running perfectly fine. Unfortunately, this is something I can not influence. The resources of the pool were not exhausted at any time. We have to hope that this long known problem will be fixed in the future and that we will not be allocated more slots early in the epoch.
Epoch 302 was a bit unlucky again. 98.9% assigned luck looked quite good but we have lost three blocks. One due to a slot battle and two blocks were ghosted. Both things we can’t really influence.
Finally Epoch 303: again rather unlucky. Only 42 assigned slots out of 45.55 expected slots. It is very likely that we’ll lose additional blocks due to slot battles or ghosting. Hope it plays out nicely. Looking at our Lifetime Luck we are still below 100% even though we never missed to produce an assigned slot. Future epochs should level out the more unluckier ones though to get us to 100% again.
If you have any questions, please contact me. I would really appreciate if you follow me on Twitter or join the Telegram group to always stay up to date.
That’s all for today! Thanks for stopping by and talk to you soon 🙂
Financial freedom also means taking responsibility for the safety of your own money. I therefore urge everyone to read the following security advice carefully: Cardano Stay Safe Content
No one will ever send you free ADA. It is always a SCAM. Please stay away from it or you will lose your money.
New IOHK Blog posts
IOHK was really busy writing a ton of new blog posts. Here is what was posted since the last update:
If we look at the 4-epoch confirmed luck during 296 to 299 we see around 99.2% luck, which is fine. However our lifetime luck is still under 100% so I think we’ll see more luckier epochs in the fcuture again. Otherwise the pool is running fine, doing some fine-tuning here and there but nothing special to report. If you have any questions regarding our performance or the above table, please don’t hesitate to contact me. I’m always happy to help or just have a nice chat with you!
That’s all I have for you today. Talk to you soon! 🙂
Financial freedom also means taking responsibility for the safety of your own money. I therefore urge everyone to read the following security advice carefully: Cardano Stay Safe Content
No one will ever send you free ADA. It is always a SCAM. Please stay away from it or you will lose your money.
Secure encrypted email communication
Secure and confidential communication should be the standard on today’s Internet. Unfortunately, we know that this is not the case, especially in email traffic. Therefore we have changed our mail servers and are relying on Protonmail now. Every email you send to the official email address of the pool staking@fairpool.eu will be routed to Proton’s secure servers in Switzerland. With encryption via PGP/GPG a complete end-to-end encryption can be achieved. You can get the public key needed for encryption right here. If you have any questions about encrypted communication or Protonmail, please feel free to contact me.
Little by little the videos from the Cardano Summit are coming online. If you missed a session or want to see it again, just have a look at it here: https://summit.cardano.org/sessions
Performance and assigned slots
Epoch
Leader
Ideal
Luck
Confirmed Luck
Produced
Confirmed
Missed
Ghosted
Stolen
Invalid
293
47
52.88
88.88%
81.31%
47
43
0
0
4
0
294
57
52.7
108.16%
102.47%
57
54
0
2
2
0
295
46
52.43
87.74%
83.92%
46
44
0
0
1
0
296
53
52.39
101.16%
–
–
–
–
–
–
–
As can be seen, the past eras were rather unfortunate. 293 and 295 ended up in the low 80s of confirmed luck. This is purely a matter of luck and unfortunately cannot be influenced by the pool. Over a longer period of time, these fluctuations should even out. So I expect the performance to increase again in the future. The servers ran reliably as always and no block was missed. 294 was quite on point with 102% confirmed luck and at least in 296 we were assigned the expected amount of blocks. We’ll see how 296 will play out after slot battles etc.
Financial freedom also means taking responsibility for the safety of your own money. I therefore urge everyone to read the following security advice carefully: Cardano Stay Safe Content
No one will ever send you free ADA. It is always a SCAM. Please stay away from it or you will lose your money.
Alonzo Hard Fork
The Alonzo Hard Fork took place September 12th and thanks to the Cardano Hardfork Combinator everything went flawless and with no downtime of the network. It’s great to finally see smart contracts running on Cardano and the next months with the launch of many new and interesting projects will be a very special time.
The Cardano Summit 2021 is over and it was a truly special event. Many great speakers presented many great topics and we also saw some really promising announcements which will help to further develop our ecosystem.
With this pool update I would like to introduce a new format for performance and assigned slots. From now on the epochs will no longer be listed individually but together in one table. This provides more clarity and a better readability. Let’s also briefly introduce what each column means:
Epoch: The five day time frame for which this row shows the statistics
Leader: How many leader slots where assigned to the pool
Ideal: The statistically calculated optimal number of slots for the corresponding stake of this epoch
Luck: The percentage of assigned slots (leader slots) to the statistically ideal number of assigned slots
Confirmed Luck: The percentage of produced and confirmed slots to the statistically ideal number of assigned slots
Produced: The number of produced blocks
Confirmed: The number of blocks that where produced and accepted by the chain
Missed: The number of slots which were missed to be produced in time
Ghosted: The number of blocks rejected/discarded due to time delay of other blocks
Stolen: The number of blocks that were lost to other pools due to slots battles
Invalid: The number of blocks that were invalid (various reasons)
If we take a look at the past epochs (289-292) we ca see that we consistently produced blocks for all assigned slots. We were unfortunately quite unlucky in the assignment of slots. There is nothing pools can do to influence their luck as it is partly determined by randomness. Over time unluckier epochs will level out with more luckier ones. We also lost some blocks due to slot battles which are also determined by luck and therefore can not be influenced. There were also a few ghosted blocks, which I talked about in earlier pool updates (you will find it via the search function).
I am looking forward to those luckier epochs. If you have any questions just contact me via any of the contact options at the bottom.
This is it for now. Let’s see you all in the Alonzo Era! Talk to you soon 🙂
Financial freedom also means taking responsibility for the safety of your own money. I therefore urge everyone to read the following security advice carefully: Cardano Stay Safe Content
No one will ever send you free ADA. It is always a SCAM. Please stay away from it or you will lose your money.
Alonzo Hard Fork
For your information and to ease your mind: Rest assured that FAIR will install all updates in a timely manner and is always ready when it comes to network upgrades. We are ready for the Alonzo Hardfork. All Nodes are running 1.29.0. Looking forward to September 12th!
Cardano360 August Edition is here and it is again full of great updates and information! Get your favourite hot beverage ready again, lean back and enjoy the full show 😉
Cardano Summit 2021
The Cardano Summit will be held 25th and 26th of September as a mix of virtual and live events from around the world over two days.
Everyone is invited and it’s free, so make sure to register now to stay up to date: https://summit.cardano.org/
Performance for 285
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
69
56.18
117.48%
66
66
0
0
3
0
Epoch 285 was a very good one for us. We were assigned 69 slots, we produced all 69 but lost three due to slot battles. At the end 66 blocks made it to the chain which results in a performance of ~117.5%
Performance for 286
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
54
55.67
89.15%
50
50
0
0
4
0
We were assigned only 54 slots in 286 and also lost four blocks due to slot battles. This means an underperformance of 89.15%.
Performance for 287
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
48
55.89
76.94%
43
43
0
0
5
0
Epch 287 was a really bad one: Not only were we allocated unexpectedly few blocks, we also lost five blocks due to slot battles. This leaves us with an underperformance of ~76.94%.
Performance for 288
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
63
58.46
106.06%
62
62
0
0
1
0
Epoch 288 was a rather good one. 63 assigned slots; 63 produced blocks; 62 adopted blocks = 106.06% performance. Not bad 🙂
Assigned Slots for 289
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
69
58.71
117.54%
0
0
0
0
0
0
In Epoch 289 we are looking for 69 leader slots which equates to 117.54% luck. If we don’t lose many blocks this will be a very good epoch for us! It has the potential to be the epoch with the most blocks per epoch of this pool so far.
This is it for now. Let’s see you all in the Alonzo Era! Talk to you soon 🙂
Financial freedom also means taking responsibility for the safety of your own money. I therefore urge everyone to read the following security advice carefully: Cardano Stay Safe Content
No one will ever send you free ADA. It is always a SCAM. Please stay away from it or you will lose your money.
With that said, let’s take a look at the newest IOHK blog posts.
We have a date for the Cardano Summit: 25th and 26th of September! The Cardano Summit 2021 will be held as a mix of virtual and live events from around the world over two days. Everyone is invited and it’s free, so make sure to register now to stay up to date: https://summit.cardano.org/
Performance for 282
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
61
53.77
109.73%
59
59
0
0
2
0
Epoch 282 was good for us. We produced all 61 assigned blocks, but only 59 made it to the chain as two were lost due to slot battles. But overall we do end up with around ~110% luck.
Performance for 283
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
55
53.66
100.63%
54
54
0
0
1
0
Epoch 283 was spot on. With 55 produced and 54 adopted blocks we landed right at the 100% luck.
Performance for 284
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
53
54.93
94.67%
52
52
0
0
1
0
Epoch 284 ended with a slight underperformance. We produced all 53 assigned blocks. One was stolen in a slot battle, which means 52 blocks actually made it to the chain. This leaves is with around 95% luck.
Assigned Slots for 285
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
69
56.18
122.82%
0
0
0
0
0
0
Epoch 285 is looking really sweet for us. We were assigned 69 leader slots, which means around 123% luck. This should end up in an excellent epoch for us. Let’s see how it plays out.
If you are short in time, here are the most important topics compressed in just over 4 minutes. Really everyone has the time to watch this!
Cardano Summit 2021
The Cardano Summit 2021 will be held as a mix of virtual and live events from around the world over two days. Everyone is invited and it’s free, so make sure to register now to stay up to date: https://summit.cardano.org/
Cardano Developer Portal
As talked about in the Cardano360 July Show the Cardano Developer Portal is finally here! A one stop library featuring, on launch, over fifty articles, vetted the community. It’s worth taking a look for everyone interested in Cardano who wants to take a deeper look into some topic. It’s not only for developers 🙂
Performance for 280
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
61
46.26
129.70%
60
60
0
0
1
0
Epoch 280 was very good for us. We produced all 61 assigned blocks and lost only one due to a slot battle. This leaves us at ~129.7% luck for this epoch and a great ROA.
Performance for 281
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
46
48.1
95.63%
46
46
0
0
0
0
In Epoch 281 we were assigned 46 of 48 expected blocks. Fortunately no block was stolen and we produced all 46 assigned blocks for an overall luck of 95.65%.
Assigned Slots for 282
Leader
Ideal
Luck
Adopted
Confirmed
Missed
Ghosted
Stolen
Invalid
61
53.77
113.45%
0
0
0
0
0
0
In Epoch 282 we are looking for 61 assigned slots which leads to 113.45% luck. Sounds good to me 😉
Lots of stuff to read and look at, hope you are well occupied with it. With the upcoming smart contract launch on the mainnet, we are in for some very exciting times. I’m really looking forward to it and I’m glad that everything is going according to plan so far (in case you missed it: you may rewatch Cardano360 – May 2021 Edition for the rollout plan and its different phases).
That’s all I have for you today. Talk to you soon! 🙂
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