Thank you to our delegators for staying with WISH Pool. We just hit the 10 Lifetime Blocks Milestone! This is an important milestone in the life of a new pool and we were able to achieve it through all of your help in less than 3 months of going live.
We are also happy to announce all the improvements that we have quietly put in place in the past 2 weeks. All of these are meant as incentives to keep delegators and attract new ones. We had a string of low luck in being assigned blocks recently. Nevertheless, as is usually the case, an unlucky streak is usually balanced out with a lucky streak so we are hoping to get a string of high luck soon. As you may already know, being assigned to mint blocks is controlled by the network and is not controlled by the pool.
The factors that we can control however, we have started improving. This include the following:
1. New Relay
We brought online a new relay with 4 CPU, double the memory (16GB) and larger disk space (150GB) of our current relay. This new relay complements our existing one and has improved block propagation times and pool resiliency. This puts us one step ahead of a possible increase in technical requirements when smart contracts goes live later in the year. We will continue monitoring the situation and perform additional upgrades as the need arises.
2. Lower Margin to 0%
This is a huge benefit for delegators! By basically removing our margin by setting it to 0%, we are giving our delegators the highest possible rewards that they can possibly get. This means all delegators will have bigger return on investments. In doing this, we actually get less rewards but we want to make sure the pool attracts more delegators to make WISH Pool a sustainable business.
3. Higher Pledge
Increasing pledge has a positive impact on rewards— albeit very minimal impact. Nevertheless, this shows our commitment to keeping the pool running as each increase in pledge shows the owner’s “skin in the game”. We will continue to increase pledge whenever resources allow it.
So there you have it. A quick rundown on WISH Pool’s updates in the past 2 weeks. We request everyone’s patience for the effect of these changes to clearly show up in the pool statistics after a few epochs. As mentioned earlier, our recent unlucky streak has lowered our statistics but we are hoping that a subsequent lucky streak will be coming around soon. Please continue believing in what we are doing irregardless of our statistics and we promise to continue improving the pool and helping the Cardano community.
If you like this article, please consider delegating your ADA to WISH Pool. You will be earning interest rewards while indirectly helping the lives of disadvantaged children. This is because at WISH Pool, we pledge to give at least 10% of our own profit to educational charities so that successful students can help get their families out of poverty.