We recently announced that our Cardano MCO Stake Pool was launched. With this pool, MCO now actively participates in the Cardano network.
Since our announcement, more and more of you have delegated your ADA to the MCO Stake Pool.
What is a Cardano stake pool?
A stake pool is a Cardano network node with a public address that other users can delegate their ADA to. Users do this to receive rewards. Cardano stake pools are run by reliable operators who maintain the pool and ensure that the pool is running on a consistent basis. Running a pool involves a lot of work, so it is not for everybody. However, ADA holders who do not wish to run a pool themselves, can choose to delegate their ADA to a certain pool. Users would do this to participate in the protocol and receive ADA rewards.
ADA that is held on the Cardano network represents a stake in the network. The size of the stake is in this case proportional to the amount of ADA held. The ability to delegate to a stake pool is fundamental to how Cardano works as a blockchain. The amount of ADA delegated to a certain stake pool is the primary way the protocol decides who should add the next block to the blockchain, and receive a reward in ADA for this.
The more ADA are delegated to a given pool (there are maximum limits), the more likely it gets to find the next block. This has a direct impact on the rewards that the pool earns. These pool rewards are then shared between everyone who delegated their ADA to the particular stake pool.
If you like to participate in the Cardano network and delegate your ADA, maybe you want to choose the MCO Pool. We put a lot of work in to get this pool running and make sure it is running on a consistent basis. If you delegate your ADA to the MCO Pool, you can earn passive ADA rewards. For more information, please follow the links below.
- find more information about our ADA stake pool HERE
- find out how to delegate your ADA to our stake pool HERE
- find out how to delegate your ADA using a wallet called Yoroi HERE