WHY THE CAMP FIRE STAKEPOOL?
Donate 10% of pool profits to child education and welfare, mainly in Africa
From the experience of supporting children’s education / welfare, the operator feels the need to support children in disadvantaged environments, and aims to make the world a better place with Cardano.
Of course, it is an action to increase assets.
However, CAMP hopes that our actions will lead to making the world a better place together with Cardano.
WELCOME TO CAMP FIRE
My name is TAMA and I operate the Camp Fire Stake Pool.
I have been holding Cardano (ADA) since around 2018, before smart contracts and staking were implemented, and have been participating in staking since the INT (Incentivized Testnet) era. In January 2023, I became an SPO with the aim of contributing to the Cardano blockchain as well as to child education and welfare.
For the past 10 years, I have worked directly with children in the field of child education and welfare, and have keenly felt the need to support children in disadvantaged environments.
Therefore, through the CAMP pool, we conduct charity activities by donating 10% of the profits obtained through SPO activities.
If you agree with our cause, please consider delegating to the CAMP pool.
CAMP FIRE STAKING
Earn regular rewards by investing your ada in staking
Staking refers to delegating ADA to stake pools that operate network nodes.
Stake pools validate transactions and generate blocks.
You can receive ADA rewards when blocks are generated (as of 2023: average of about 3-4% per year).
Staking allows you to keep your ADA in your hands while only delegating rights to stake pools. So your ADA is always safe and your assets are never locked.
In addition, it will contribute to the decentralization and security improvement of Cardano and increase its value.
Leaving ADA on an exchange poses a security risk because it is not in your possession. So create a wallet under your control and safely receive recurring rewards from staking.
Please feel free to contact us as CAMP will assist you with the staking method.
STAKING Q & A
What is Cardano (ADA)?
Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain platform, and ADA is the token of the Cardano blockchain. Cardano is the first blockchain platform to take a scientific philosophical and research-driven approach. Cardano is built through the review of prestigious academic institutions worldwide.
To learn about the world that Cardano aims for, it is recommended to watch a video by the founder, Charles Hoskinson, who has Japanese subtitles, so please take a look.
What is Cardano (ADA) Staking?
Staking is the act of delegating your ADA to a staking pool, which operates a network node. The staking pool can validate Cardano transactions and generate blocks on your behalf, in return for rewards.
Staking in Cardano only delegates your “rights” to the staking pool while keeping your ADA. This means that your ADA is not locked, and you can still use it at any time.
Staking with an exchange, on the other hand, carries the risk of being unable to withdraw your ADA and could lead to centralization of ADA in one place, reducing the decentralization of the Cardano network.
If you are asked to “send an ADA” or “give a seed phrase,” please be aware that this is a scam.
Where can I start staking?
When will I receive my reward after I delegate? Do I always get paid every epoch?
Rewards are paid after three epochs (15-20 days) after the initial staking epoch has ended. The following example shows the events that occur at the time of staking:
Rewards are not guaranteed to be received every epoch, and rewards are given to pools that have generated blocks based on the algorithm calculation based on the pool delegation amount. Pools with more delegations tend to receive stable rewards every epoch, while pools with fewer delegations and lower rewards tend to receive fewer rewards, but the reward amount is greater in one-time rewards. Over a certain period of time, the reward rate converges to the same value.
If delegation of ADA is biased towards places with high delegation amounts, it is not distributed and is not secure, which is not good for the long-term value of ADA. Please delegate to pools with less delegation for the long-term value of ADA.
Epoch snapshot (record ADA delegated here)
Block generation (if pool has allocation)
Calculation of rewards for block generation
Payment of compensation
What are the pool fees?
There are two types of fees: “Margin fee” and “Fixed fee.” From now on, the pool will receive its reward from the total reward of the pool and distribute the remaining ADA to the delegators.
- Margin fee
This is a fee set by each pool between 0-100%; 1-5% is common. The Pool sets the rate of return at 0% until 1 million ADA mandates are collected for diversification purposes.
Please be aware that the fee is not too high, such as 99%, and that the fee is not quietly raised in the middle! In this pool, the fee is 0% for less than 1 million ADA and a guaranteed 1% for anything above that.
- Fixed fee
The fixed fee has a minimum value of 340 ADA. There are no plans to change this minimum value of 340 ADA in this pool. Please always check the fixed fee when delegating to other pools.
Is there a cost for staking?
Staking incurs a deposit fee of 2 ADA and a transaction fee. When you un-stake, the deposit fee of 2 ADA will be refunded.
Is it necessary to re-configure if there is an increase or decrease in ADA after staking?
It is automatically reflected, so no additional operation is required. Cardano staking allows for free sending and receiving even after staking.
Of course, if you leave the rewards earned from staking in your wallet, they will be reinvested.
Is it disadvantageous to delegate to a pool with fewer delegations?
Whether there are many or few delegations, the average reward rate is about 4% in the long run (as of 2023).
Pools with many delegations have stable rewards every epoch (5 days), while pools with fewer delegations may have waves of non-rewards every epoch, but their reward rate will converge to the same average rate when their one-time reward is high.
For the security of the Cardano blockchain, it is important to have a wide distribution of ADA, so please consider decentralizing your delegation even to pools with fewer delegations in the long run.
Note that the 4% annual reward rate is gradually decreasing, just like the halving in Bitcoin.
Yes, similar to the halving of Bitcoin, the reward rate in Cardano is also gradually decreasing over time. The reward rate of 4% per year is not a constant and is subject to change as the Cardano blockchain evolves.
What is the minimum amount of ADA required for staking?
You can start staking with 10 ADA.
What is pool saturation?
The saturation of one pool is 64 million ADA as of January 2023. If you continue delegating to a pool that exceeds this amount, the rewards you receive from staking in that pool will decrease because the rewards from one pool will not change, even though the number of delegators will increase.
This system ensures decentralization as holders seek profits and naturally delegate to different pools.
Can staking be unstaked?
Yes, staking can be unstaked at any time. If you want to delegate to a different pool, you can simply delegate again without unstaking. If you unstake, the original 2 ADA deposit that you paid will be returned, but a small transaction fee will be charged.
How can I check my remuneration?
There are two ways to do this
- Check the Wallet for Cardano page
- Enter the receiving address on the Cardano Explorer site to confirm.
I’d like to know the steps to staking.
Please tell me the procedure up to staking
CAMP FIRE POOL DATA
This website serves the purpose of providing information about Cardano to holders of the cryptocurrency ADA.
The information regarding Cardano provided on this website is solely the opinion of the operator and is not intended to encourage readers to invest in any particular cryptocurrency. Please note that we are not responsible for the information and services provided on any external sites that may be linked to this website. The operator of this website will not be held liable for any damages resulting from the use of the content provided on this site.
Any investments made in cryptocurrency should be done at your own risk and using only funds that you can afford to lose.