First conceptualized mid-summer of 2021, and launched its first staking pool early 2022. Flair Staking is based on the Cardano network as a stake pool to advance Cardano’s decentralization.
Our goal is to make an impact on the developing countries. The Cardano network helps us achieve this goal. We want to show the world what a united community is capable of. By the simple act of staking your Cardano tokens, we can make an impact together!
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FLAIR is so much more than just a stake pool. The stake pool is designed to reap competitive yields for delegators while at the same time making major headway in communities that may not otherwise have the same opportunities.
important things you should know
Questions And Answers
A Cardano stake pool is a node or server on the Cardano network that acts on behalf of stakeholders. It is usually set up and run by an individual or entity with the requisite resources, technical skills, and time.
Those with no technical capacity to set up their own nodes may choose to delegate their stake to a stake pool. In return, the delegators receive a share of the reward it earns.
Pledging is the act of stake pool operators having their own ADA as part of the pool’s stake. The higher the amount of ADA pledged, the more rewards the pool will receive.
During pool registration, stake pool operators may opt to pledge some or all of their stake to make their pool more attractive.
The amount of pledge in a pool is shown as part of its statistics in the Daedalus and Yoroi wallet. You can also find the data on third-party sites like Adapool.org or pooltools.io.
A block on the Cardano network is a group or bundle of transactions that a stake pool creates, verifies, and records on the shared ledger.
At the beginning of each epoch, the Cardano protocol randomly picks slot leaders—pools assigned to create blocks. The protocol uses staked ADA as a form of “lottery numbers” to do this.
When its slot comes, a selected slot leader collects initiated ADA payment and smart contract executions and compiles them into a block before adding them to the ledger.
The process repeats itself after each epoch. Meanwhile, the slot leaders are incentivized through a reward in newly released ADA and the transaction fees.
You may learn more about Cardano stake pool operation HERE.
No, the transition is seamless. When you switch or re-delegate to another stake pool, you will continue getting rewards from the old pool until the new pool takes over.
An epoch is a unit of time as marked by the Cardano protocol, and each of them lasts five days.
Every epoch is then divided into 432,000 units known as slots, and each slot is 1 second.
You can find the current epoch and slot on third-party sites like Adapool.org or pooltools.io.
Stake 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.
You may learn more about Cardano stake delegation HERE.
Saturation is a term used to indicate that a particular stake pool has more stake delegated to it than is ideal for the network. Once a pool reaches the point of saturation, it will offer diminishing rewards.
The minimum requirement for staking is 10 ADA. Please note that an additional 2 ADA deposit and ~0.17 tx fee are also required when delegating for the first time.