[Pool Update] Epoch 304, 305 & 306

Hey people πŸ™‚

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.

New IOHK Blog posts

Slow and steady wins the race: network evolution for network growth

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Network traffic and tiered pricing

Cardano360 – November 2021

Performance and assigned slot

EpochLeaderIdealLuckConfirmed LuckProducedConfirmedMissedGhostedStolenInvalid

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 πŸ™‚

[Pool Update] Epoch 301, 302 & 303

Hi people! πŸ™‚

It’s Pool Update time again. Let’s dive right in.

SundaeSwap ISO

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.

New IOHK Blog posts

Empowering a new generation of innovators in Ghana

Optimizing Cardano

Introducing Catalyst Natives – How any business can leverage the Cardano innovation engine

Architecting DApps on the EUTXO ledger

Mid Month Development Update – November

Performance and assigned slots

EpochLeaderIdealLuckConfirmed LuckProducedConfirmedMissedGhostedStolenInvalid

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 πŸ™‚