Cardano Foundation Delegation and Other Updates

It’s the start of a new year! We hope you had a good break and are raring to start another exciting crypto year. While 2021 was the year when Cardano went mainstream with 70%+ of its coins staked and smart contracts was released, 2022 is looking to be more exciting with multiple projects going live.

WISH Pool just received 14.8 Million ADA Delegation!

At WISH Pool, the year started with a bang when we received a 14.8 Million ADA delegation from the Cardano Foundation. Read more about this and exciting updates on what we are doing below:

1. Cardano Foundation Delegation

WISH Pool got a whooping 14.8 million ADA in delegation! This is exciting news and all delegators should get a lot of rewards. Thanks to all the delegators who have stayed with us even through the times when we were not minting blocks. We hope to attract more delegators to help make us self sufficient before the CF delegation leaves.

2. Partnerships (Hosky Inu and Ardana)

We recently partnered with Hosky Inu to allow all delegators to claim Inu tokens as long as they keep delegating to WISH Pool.

Aside from this, WISH Pool was previously selected along with other community contributing pools to be part of the Ardana Stake Pool Alliance. Ardana will be delegating part of their treasury to members of the alliance once it goes live. Details to be announced at a later date.

3. Pool upgrade to v1.33

We continue to maintain our nodes as diligent stake pool operators and as of last weekend, all of our servers have been upgraded to Cardano node v1.33. This latest version brings about improvements in processing and memory usage.

4. Plutus Pioneers

We have just been accepted into the third cohort of the Plutus Pioneers program. We are very excited to join this program but at the same time worried in case we are unable to give the time needed to complete it effectively. What we can promise is we will do our best in order to create new dApps for the community in the future.

5. NFT Project

We have purchased the domain, storage and created initial drafts of the planned NFT’s and vending machine. Unfortunately, this project had to be put on hold due to other priorities (e.g. Testnet troubleshooting and pool maintenance). With Plutus Pioneers and other priorities coming up, we may have to hold this project again. We will announce further development once we pick this up again— but definitely within the year.

6. New Minted Block

Today, after months of waiting, we minted another block! This block was minted before the CF delegation kicks in two weeks from now. We were already rejoicing when we saw this block coming up on the leaderlogs after months of seeing 0 blocks. This also proves everything is still working well after the updates and upgrades we applied in the past few months.

7. Pool Donation

We continue to give our monthly donation to our adopted educational charity (Akaraka) even though we were not not minting any blocks recently. We intend to do this indefinitely so students will have a steady stream of support instead of only every few months.

The receipt for this month’s donation is below:

January 2022 Donation

8. Parameter Changes

We were already scheduled to do some parameter changes this weekend. The changes are to increase pledge to 21k to show our commitment to running WISH Pool. At the same time we will also increase margin to 2.9% which will help fund our planned delegator perks and projects. This margin is low enough to hardly impact our delegator’s rewards but still good enough to give us a meaningful fund.

Pool updates

There you have it, a list of recent updates from WISH Pool. As you can see, we have been very busy so please keep on supporting WISH Pool!

WISH Pool is the creator of Cardano SPOT Check, an online resource for Cardano Stake Pool Operators for maintaining their nodes. We are actively helping several Cardano communities and were a recipient of the IOG delegation in 2021 and are currently a recipient of the Cardano Foundation delegation in 2022. If you like this article, we greatly appreciate if you will delegate your ADA to WISH Pool. You will be earning interest rewards while indirectly helping the lives of disadvantaged children. This is because WISH Pool pledges to give at least 10% of its own profit to educational charities so that successful students can help get their families out of poverty. Let’s help grow the community together!

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